While there were no surprises, one of the dominant themes was the blind spot I pointed out a few months ago that I said the Fed would get hung up on, causing it to over-tighten as it moves forward.
Globally, total private- and public-sector debt as a share of GDP rose from 200% in 1999 to 350% in 2021. The ratio is now 420% across advanced economies, and 330% in China.
WFC has more red flags, which we did not discuss in detail due to the limitations of the article, such as its various litigation issues, the bank's off-balance sheet items, and...
Stocks were expected to soar if CPI came in below expectations, and, in fact, it came in below all expectations polled. So, the initial takeoff was not a surprise, but how the market took an engineless glide path down..
Now Roubini is warning that the staggering amounts of debt held by individuals, businesses, and the government will soon lead to the “mother of all economic crises.”
Energy is our primary resource. Energy facilitates all physical work done. It is the foundation for all farming, manufacturing, and distribution. Energy allows human populations to live in modern cities.
In the coming week, I am expecting the market to feel out for a bottom, and begin a rally. Should that rally respect immediate overhead resistance between 3987-4056SPX, then...
It's a potential $80 trillion black hole. A BIS Dec 5, 2022 report outlines how U.S. dollar debt in FX swaps and forwards is a huge, missing and growing black hole.
FACT NO. 1 The price of gold is NOT driven by demand for gold. FACT NO. 2 The price of gold tells us NOTHING about gold. The value of gold is in its use as money.
But there is one factor that will overshadow all the others in producing a deflationary bust: a strong U.S. dollar. It is only because the dollar has been in a steep correction since September that Bloomberg et al. can breathe...
