It worked well in theory and in practice for a dozen years. But at what is likely to be the most important juncture in our lives, if not in modern history, this indicator failed to warn us. Here’s why that’s terrifying.
We also take a look at the foreign central bank issue and tell why that’s also frightening.
Massive Fed intervention turned the market, although cyclicality was favorable. The 6 month cycle low was overdue. But is it something more than that?
When the margin man came collecting on other stuff, gold got dumped. Once he left, gold came right back. What does it mean for the long haul? Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction…
The futures were bouncing around like a pogo stick 15 minutes before the jobs report was posted.
Now is not the time to be nibbling.
The Fed is buying all the new Treasury supply with enough cash left over for the dealers to mount a defense. They aren’t.
The Fed has cut back its direct cash injections to Primary Dealers this week. So far it has bought approximately $92 billion per day in Treasuries and MBS from the dealers on both Monday and Tuesday. That’s down from more than $110 billion per day last week. Follow the money. Find the profits!Liquidity is money. Regardless of where in the…
The US Treasury will bomb the markets with $288 billion in new supply over the next 7 days.
This supply hits a market where structures are still collapsing and burning despite the Fed’s rescue programs. Those programs only exacerbate and prolong the causes of this disaster:
“Because uncertainty about the future is fundamental, financial mistakes will continue to be made. They will be made by entrepreneurs, bankers, borrowers, central bankers, government regulators, politicians, and, notably, by the interaction of all of the above.” Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and…
10 more of Tim’s new shorts.
10 of Tim’s new short positions.
Here’s why the change in national disposition is going to be shocking.
The house of cards is being exposed – and a crisis of confidence is at this point unavoidable. A domino collapse of currencies, Credit and banking systems, and economies has become a frighteningly high probability outcome.
