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Retailers Rejecting Customers’ Cash As More Ban Paper Money
Retailers Rejecting Customers’ Cash As More Ban Paper Money “Your cash is not wanted here”, a growing number of retailers and restaurants throughout the US and UK are telling customers. But are reasons being given by companies for the new “cashless” approach — speed, efficiency, and the safety of store employees — valid enough to require something as utterly and […]
The Ghost Of Christmas Future
The Ghost Of Christmas Future Here in the brief period between Christmas and New year’s, as a writer I am obligated to say happy, wishful things. I have to confess, I’m just not feeling it this year, so I’ll just do the minimum here and return to being a curmudgeon, because that’s what the times […]
The Arrival Of The Credit Crisis
The Arrival Of The Credit Crisis Those of us who closely follow the credit cycle should not be surprised by the current slide in equity markets. It was going to happen anyway. The timing had recently become apparent as well, and in early August I was able to write the following: “The timing for the […]
What Is Behind The Market’s Record Liquidity Collapse
What Is Behind The Market’s Record Liquidity Collapse One week ago, when we first previewed this week’s infamous $60 billion pension fund rebalancing out of equities and into bonds which resulted in historic market gyrations, and a violent snapback in the S&P from what was shaping up to be the worst December on record for […]
Weekly Commentary: Thoughts on Liquidity
Weekly Commentary: Thoughts on Liquidity “Money” challenged – and often confounded – economic thinkers for centuries. It functions both as a “medium of exchange” and “unit of account.” Simple enough. Too often the focus has been how to use money to stimulate economic activity and achieve political gains. From my perspective, money’s importance rests with […]
Why Does the Fed Need to Raise Rates?
Why Does the Fed Need to Raise Rates? QUESTION: Hello Mr Armstrong I would like first to thank u for all the good information u give to us i have just a question : why do u write the fed need to increase rates to save the us pensionneers Not realy clear for me ( […]
This Is Exactly The Kind Of Behavior That You Would Expect During A Stock Market Implosion…
This Is Exactly The Kind Of Behavior That You Would Expect During A Stock Market Implosion… If a doctor tells you that his patient’s condition is swinging up and down wildly, is that a good sign or a bad sign? Of course the answer to that question is quite obvious. And if a doctor tells […]
2019: Zombie Markets Before The Fall
2019: Zombie Markets Before The Fall Francis Tattegrain La ramasseuse d’épaves (The Beachcomber) 1880 I haven’t really written about finance since April of this year, and given recent fluctuations in what people persist in calling the markets, maybe it’s time. Then again, nothing has changed since that article in April entitled This Is Not A […]
It’s official: the Federal Reserve is insolvent
It’s official: the Federal Reserve is insolvent In the year 1157, the Republic of Venice was in the midst of war and in desperate need of funds. It wasn’t the first time in history that a government needed to borrow money to fight a war. But the Venetians came up with an innovative idea: Every […]
Mother of All Sucker Rallies Sends Dow 1,000 Points Higher
Mother of All Sucker Rallies Sends Dow 1,000 Points Higher Following a brutal four days in a brutal month, stocks staged a massive rally. Alas, it won’t last. The Wall Street Journal reports Dow Industrials Leap More Than 1,000 Points. The Dow Jones Industrial Average surged more than 1,000 points for the first time in […]
DataTrek: “Healthy” Markets Don’t Rally 1,086 Points On The Dow
DataTrek: “Healthy” Markets Don’t Rally 1,086 Points On The Dow Even with Wednesday’s rally, December’s 11-13% declines (S&P 500, Russell 2000) for US stocks couldn’t have come at a worse time for markets. First, there is the psychological damage of seeing such a swoon in what is a typically good month for domestic equities. Then […]
David Collum: Everything That Mattered In 2018
David Collum: Everything That Mattered In 2018 And what lies ahead for 2019 The only thing nearly as enlightening as reading David Collum’s epic Year In Review is listening to him and Chris Martenson riff about its highlights. Strap in, grab some eggnog, and listen to this year’s recap: Everyone thinks the markets are now […]
Falling Oil Prices May Spark New Debt Crisis
Falling Oil Prices May Spark New Debt Crisis U.S. oil prices at below $50 and now even below $45 a barrel could cause concerns about the debt levels of some energy companies, Nasdaq energy analyst Tamar Essner told CNBC on Wednesday. “Credit markets have held up a lot better than the energy equity markets right […]
When Certainty Frays, Capital Gets Skittish
When Certainty Frays, Capital Gets Skittish The net result is capital is impaired in eras of uncertainty. As we look ahead to 2019, what can we be certain of? Maybe your list is long, but mine has only one item: certainty is fraying. Confidence in financial policies intended to eliminate recessions is fraying, confidence in […]
