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Olduvai III: Catacylsm
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Soon Comes The Deluge

Soon Comes The Deluge The robo-machines are now having a grand old time hazing the August lows at 1870 on the S&P, and may succeed in ginning up another dead-cat bounce or two. But this market is going down for the count owing to a perfect storm. To wit, the global and US economies are heading […]

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The Lull Before The Storm—–It’s Getting Narrow At The Top, Part 2

The Lull Before The Storm—–It’s Getting Narrow At The Top, Part 2 The danger lurking in the risk asset markets was succinctly captured by MarketWatch’s post on overnight action in Asia. The latter proved once again that the casino gamblers are incapable of recognizing the on-rushing train of global recession because they have become addicted to “stimulus” as […]

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US Credit Growth – the First Cracks?

US Credit Growth – the First Cracks? Inflationary Bank Lending and Money Supply Growth Given that there is currently no “QE” program underway – with the exception of the reinvestment scheme designed to prevent the Fed’s balance sheet from shrinking (if it were to shrink, the money supply would decline as well) – money supply […]

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What ‘Escape Velocity’? December Business Sales And Inventories Repudiate The Money Printers’ Myth

What ‘Escape Velocity’? December Business Sales And Inventories Repudiate The Money Printers’ Myth It is plain as day that massive central bank money printing and perpetual ZIRP do not rejuvenate the main street economy under conditions of “peak debt”. And the reason is so obvious that only Keynesian economists can’t grasp it. To wit, if the balance […]

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‘Peak Debt’ At Work: Savings at the Pump Are Staying in Consumer Wallets

‘Peak Debt’ At Work: Savings at the Pump Are Staying in Consumer Wallets Americans are taking the money they are saving at the gas pump and socking it away, a sign of consumers’ persistent caution even when presented with an unexpected windfall. This newfound commitment to frugality was illustrated this past week when the nation’s […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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