In early January, much of the world was dazed and confused. What the hell just happened? Two weeks before, in the middle of December 2018, Jay Powell stood in front of the microphones confidently declaring his rate hikes justified by an extremely strong economy. Yet, even the stock market had turned against him. When the […]
The rest of us eat our losses, either all at once or in bitter bites as we trudge through the financial wasteland left after bubbles burst.The news that the Federal Reserve Casino is giving away free gambling chips triggered a frenzied rush that trampl…
CUSIP: 9128286N5Term and Type: 4-Year 10-Month TIPSSeries: X-2024Reopening: YesInterest Rate: 0.500%High Yield: 0.152%Price: $102.955042Allotted at High: 30.97%Total Tendered: $38,279,436,000Total Accepted: $15,000,001,500Auction Date: 06/20/2019Issue …
They’re right. It IS different this time. It’s worse. Much, much worse. What is? Everything. In terms of preparedness for the next recession that is. Debt is higher than ever, be it […]
The political moment when the “losers” connect their discontent and decline with central bankers is approaching.The Ruling Elites’ Chattering Classes still haven’t absorbed the key lesson of the 2016 U.S. presidential election: the percentage of t…
The system is broken, and the managerial elite will keep it broken because it serves their interests to keep it broken.America’s managerial elite came to do good and stayed to do well–at the expense of everyone beneath them. Now that they’ve entr…
The new global easing cycle has begun before the last one ended.
Recent tax trends, not just in real time withholding taxes but also in excise tax collections data, still don’t give the Fed an excuse to…
As gold consolidates we are holding our mining picks with adjusted stops. All 6 are in the green. Click here to download report. Try Lee…
All asset “wealth” in credit-asset bubble dependent economies is contingent and ephemeral.A funny thing happens to “wealth” in a bubble economy: it only remains “wealth” if the owner sells at the top of the bubble and invests the proceeds in an as…
