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Why Morgan Stanley Thinks The S&P Is About To Crash
Why Morgan Stanley Thinks The S&P Is About To Crash Echoing Guggenheim’s fears that US equities are in for a dramatic collapse, Morgan Stanley’s Mike Wilson warns that “…if equity markets fail one more time at our key resistance point, we believe the reversal is likely to be sharper and deeper than one might expect, even if […]
BOOM! Fossil Fuel Combustion and the Mother of All Economic Busts
BOOM! Fossil Fuel Combustion and the Mother of All Economic Busts Photograph Source: Eric Kounce TexasRaiser – Public Domain William Catton focussed on what follows a boom in the human population. He spelled out the scenario in his 1980 book, Overshoot: The Ecological Basis of Revolutionary Change. As one reviewer put it, “Catton believed that industrial civilization had […]
If The Federal Reserve Cuts Interest Rates Now, It Will Be An Admission That A Recession Is Coming
If The Federal Reserve Cuts Interest Rates Now, It Will Be An Admission That A Recession Is Coming So there is a lot of buzz that the Federal Reserve is about to cut interest rates – and it might actually happen. We’ll see. But if it does happen, it will directly contradict the carefully crafted […]
THE WOLF STREET REPORT: The Giant Sucking Sound of Financial Repression
THE WOLF STREET REPORT: The Giant Sucking Sound of Financial Repression In the US alone, it impacts nearly $40 trillion. And there are consequences for the real economy (10 minutes). Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can […]
Blain’s Morning Porridge – July 29th 2019
Blain’s Morning Porridge – July 29th 2019 “I’ve seen things you people wouldn’t believe. Attack ships on fire off the shoulder of Orion. I watched C-beams glitter in the dark near the Tannhäuser Gate. All those moments will be lost in time, like tears in rain. Time to die.” The UK is a curious […]
Chinese Bank With $100 Billion In Assets Is Bailed Out
Chinese Bank With $100 Billion In Assets Is Bailed Out Step aside Baoshang Bank, it’s time for Chinese bank bailout #2. Last Thursday, when reporting on the imminent failure of yet another Chinese bank in the inglorious aftermath of Baoshang Bank’s late May state takeover, we dusted off a list of deeply troubled Chinese financial institutions that […]
Weekly Commentary: Fanning the Flames
Weekly Commentary: Fanning the Flames The Federal Reserve abandoned “data dependent” – at least for next week’s FOMC meeting. December futures imply a 1.78% Fed funds rate, up six bps for the week but still 62 bps below today’s 2.40% effective rate. Unless the Federal Reserve has completely caved to the markets, the Committee statement […]
End Game
End Game Well, here we are. All roads have led to here. The combustion case outlined in April, the technical target zone outlined in January of 2018. Trade wars, 20% correction in between, Fed capitulation in response, slowing growth data, inverted yield curves, political volatility, deficit and debt expansion, buybacks. All the big themes that have dominated the […]
Whistling Past The $70 Trillion Debt Graveyard
Whistling Past The $70 Trillion Debt Graveyard Review & Market Update Whistling Past The $70 Trillion Debt Graveyard The Real Crisis Is Coming Sector & Market Analysis 401k Plan Manager Last week, we discussed the setup for a near-term mean reversion because of the massive extension above the long-term mean. To wit: “There is also just […]
Decoupling is dead! Long live degrowth!
Decoupling is dead! Long live degrowth! If making the degrowth case was like baking a cake, disproving the plausibility of green growth would be the equivalent of turning the oven on. Decoupling is only “a myth” or “a fantasy,” some would say, a notorious fallacy that requires as much attention as the confabulations of Flat […]
Is Inflation Inevitable?
Is Inflation Inevitable? QUESTION: Mr. Armstrong is there any way we can not have inflation. If so how? If not what would you say 5% or more?S ANSWER: It all depends on your definition. The type of inflation coming is more STAGFLATION where prices rise due to cost-push (shortages) but there is a declining economic growth. The more familiar […]
Bretton Woods Is Dead: What Next?
Bretton Woods Is Dead: What Next? French Finance Minister Bruno Le Maire has publicly admitted something normally reserved for backroom discussion in the circles of Europe’s governing elite at an event honoring the 75thanniversary of Bretton Woods (the conference which created the foundations for the post WWII world order). At this event, Le Maire stated ever-so candidly […]
Soaring Debt Vs. Shrinking Populations Of Young To Repay Or Service That Debt
Soaring Debt Vs. Shrinking Populations Of Young To Repay Or Service That Debt Summary Global debt is currently at $246.5 trillion and primarily in the Wealthier, Consumer Nations of the world. The population of young in Consumer Nations has fallen 12% or over 100 million Since Peaking in 1975. Debt on a per capita basis […]
