Macro Liquidity Pro Trader

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Bubble Trouble At US Banks

Money supply maintained its rapid growth in October, with the annual growth rate rising to 8%, the fastest growth since a brief surge at the end of 2012. This suggests bubble dynamics are at work. The Fed hasn’t tightened yet. Speculative behavior has been raging. Speculative lending is growing rapidly. This is unhealthy and will…

Macro Liquidity Still Rising But So Is Market Friction

The stock and bond rallies went flat in August and bonds sold off in September as heavy Treasury supply and foreign sovereign liquidation of Treasury holdings created friction in the markets. Liquidity growth has been slowing, and while overall liquidity is still rising, the market response to rising liquidity has been diminishing as friction builds.

Mario Borat Draghi’s “Great Success”- The European Banking System

The horror show of European banking system data just keeps getting worse. With Deutsche Bank now constantly in the headlines, it has the look and feel of impending doom, maybe worse than 2008-09. The biggest difference between then and now is that back then the financial markets had already plunged and central banks had yet…