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“Judging By Bond Markets, Economic Armageddon Is Just Around The Corner”

“Judging By Bond Markets, Economic Armageddon Is Just Around The Corner” “Judging by bond markets around the world, economic Armageddon – or something awfully close to it – is just around the corner.” – SocGen, September 5, 2019 “It’s difficult to describe markets,” said the CIO, reflecting on his decades of trading. “For what seems like […]

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Blain’s Morning Porridge – Sept 5th 2019

Blain’s Morning Porridge – Sept 5th 2019  “Slipping down Raki and reading Maynard Keynes…” We really should focus on the signals emanating from bond markets.  Forget the current political madness – yesterday saw a number of key moments for bond markets:  UK Chancellor Sajid Javid hitting the spend button in the UK (whether it actually […]

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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 […]

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This Is Going To Happen In 2016: “One Of The Greatest Commodity Plays Of All Time”

This Is Going To Happen In 2016: “One Of The Greatest Commodity Plays Of All Time” While stock markets held strong near their all-time highs, the last year saw massive financial destruction in global commodities markets. Oil, gold, silver, steel, coal and other raw materials experienced price drops not seen since just before the the Crash of 2008. […]

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Why Saudi Arabia Won’t Cut Oil Production

Why Saudi Arabia Won’t Cut Oil Production Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of complex problems and decisions going forward. At first blush, the collapse of oil prices and the resiliency of U.S. […]

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The Stock Market Will Start To Fall In July? The Dow Plummeted More Than 500 Points Last Week

The Stock Market Will Start To Fall In July? The Dow Plummeted More Than 500 Points Last Week Was last week a preview of things to come? There are quite a few people out there that believe that the stock market would begin to decline in July, and that appears to be precisely what is […]

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Signs Of Financial Turmoil In Europe, China And The United States

Signs Of Financial Turmoil In Europe, China And The United States As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe.  In Greece, a full blown bank run is happening right now.  Approximately 2 billion euros were pulled out of Greek banks in just the past […]

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Is Mario Draghi Stupid, Crooked Or What?

Is Mario Draghi Stupid, Crooked Or What? Europe is surely at the top of the heap among today’s raging  financial market lunacy. It seems that Ireland has now broken into the negative interest rate club, investment grade multinationals are flocking to issue 1% debt on the euro-bond markets and, if yield is your thing, you can get all of 3.72% on the Merrill […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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