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Eric Peters: “If US Stocks Finally Crack, Most People Will Conclude We’re Headed Into Another Depression”
Eric Peters: “If US Stocks Finally Crack, Most People Will Conclude We’re Headed Into Another Depression” Hypothetical “I was asked to lay out the case for the US being mid-cycle,” said my favorite strategist. “Residential housing is 4% of GDP now, that’s consistent with past recessionary levels. So perhaps it jumps to 8%,” he continued. […]
Pension / Retirement Crisis Is Becoming An Underfunded ‘Tsunami’ According to The SEC
Pension / Retirement Crisis Is Becoming An Underfunded ‘Tsunami’ According to The SEC We have detailed this problem over the past 3-4 years warning people about how bad the pensions around the nation have become nothing more than another ponzi scheme. Most, if not all, state, local and federal pension programs are underfunded by 40% […]
US Is Negotiating With SWIFT To Disconnect Iran From Network
US Is Negotiating With SWIFT To Disconnect Iran From Network Treasury Secretary Steven Mnuchin said that unlike Obama’s 2013 Iran blockade, it would be harder for countries to get waivers on Iran oil sanctions as the US is already working on disconnecting Iran from the SWIFT network and dismissed concerns that oil prices could rise, […]
Foreign Banks Are Embracing Russia’s Alternative To SWIFT, Moscow Says
Foreign Banks Are Embracing Russia’s Alternative To SWIFT, Moscow Says On Friday, one day after Russia and China pledged to reduce their reliance on the dollar by increasing the amount of bilateral trade conducted in rubles and yuan (a goal toward which much progress has already been made over the past three years), Russia’s Central […]
The European financial establishment has just declared war on Italy
The European financial establishment has just declared war on Italy This week in a CNBC interview Jeroen Dijsselbloem, the former Dutch minister of finance who served as the President of the Eurogroup, declared war on the Italian government. The European financial establishment is prepared to destroy the banking system and cause the Italian economy to […]
How Gibson’s paradox has been buried
How Gibson’s paradox has been buried Until the 1970s, all recorded history showed that bond yields were tied to the general price level, not the rate of price inflation as commonly believed. However, since then, the statistics say this is no longer the case, and bond yields are increasingly influenced by the rate of price […]
Savings–Not Tariffs Will Make America Great Again
Savings–Not Tariffs Will Make America Great Again While the farcical Kavanaugh confirmation hearings dominated the news cycle for the past couple of weeks, little mention was made of a disturbing economic headline – the August US trade deficit. Despite all the bluster from the Trump Administration about “winning trade wars” and “trade wars are easy,” […]
The (ominous) problem with global liquidity
The (ominous) problem with global liquidity Market liquidity is crucial for well-functioning capital markets. There has been a quite lot of talk about diminished market liquidity and the role of machines in it (see, e.g. Q-review 4/2017, this and this). These are worrying developments. However, while market liquidity is crucial for markets, global financial flows, […]
The Coming Inflation Threat: The Worst Of Both Worlds
Sandusky Register The Coming Inflation Threat: The Worst Of Both Worlds Expect falling asset inflation, but rising cost inflation Inflation is a funny thing: we feel it virtually every day, but we’re told it doesn’t exist—the official inflation rate is around 2.5% over the past few years, a little higher when energy prices are going […]
This Is The Worst Case Scenario If Investors Dump Saudi Arabia
This Is The Worst Case Scenario If Investors Dump Saudi Arabia So many Wall Street CEOs and other titans of investing and industry have pulled out of next week’s “Davos in the Desert” conference that even the Ritz-Carlton, owner of the Riyadh venue hosting the conference (as it did last year), has been slammed by […]
A Day of Carnage in the Trading Rooms
A Day of Carnage in the Trading Rooms Thirty one years ago today, on Oct. 19,1987, the Dow Jones Industrial Average plunged 22.6%, its largest one-day percentage-point drop ever. You may have noticed that the financial media has started to highlight the point drops as opposed to the percentages. To say the Dow lost 500 […]
Gold Is Becoming Cool Again
Gold Is Becoming Cool Again The sentiment shift is still subtle, but it’s both real and widespread. After a few years of being ignored and/or dismissed as basically useless, gold is cool again, attracting positive press and increasing accumulation by big investors. India, for instance, imported less gold than usual in the first part of […]
Why You Should Expect the Unexpected
Why You Should Expect the Unexpected End of the Road The confluence of factors that influence market prices are vast and variable. One moment patterns and relationships are so pronounced you can set a cornerstone by them. The next moment they vanish like smoke in the wind. One thing that makes trading stocks so confounding […]
