On Friday, the market finally woke up to the reality of rising rates.

The truth is that Central Banks have been printing money for too long, maintaining “emergency” levels of QE despite the fact the global economy is growing.

This has unleashed inflation, which is forcing the bond market to drop. On Friday, stocks finally “got the memo” that conditions are too loose and the US Dollar is falling too fast.

The technical damage was severe and it’s only going to get worse from here.

The truth is that the Fed is WAY behind the curve on inflation. And unless the Fed starts tightening aggressively to support the bond markets, the stock markets could very well crash.

At the end of the day, the entire move in stocks since the Great Financial Crisis was based on the Fed creating a bubble in sovereign bonds.

Bonds trade based on inflation.

If inflation rises, so do bond yields.

When bond yields RISE as they are right now, bond prices FALL.

And when bond prices FALL, the massive debt bubble, the bubble that fueled the move in stocks prices, begins to burst.

With that in mind, the yield on the 10-Year US Treasury has just taken out a 25 year trendline. This is the most important bond in the world, and it’s warning us that the debt markets are in serious trouble if the Fed doesn’t act soon.

Globally the world has added over $60 trillion in debt since 2009… and all of this was based on the assumption that bond yields were going LOWER not HIGHER

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s in terms of Fed Policy when The Everything Bubble bursts.

It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

On Friday, the market finally woke up to the reality of rising rates.

The truth is that Central Banks have been printing money for too long, maintaining “emergency” levels of QE despite the fact the global economy is growing.

This has unleashed inflation, which is forcing the bond market to drop. On Friday, stocks finally “got the memo” that conditions are too loose and the US Dollar is falling too fast.

The technical damage was severe and it’s only going to get worse from here.

The truth is that the Fed is WAY behind the curve on inflation. And unless the Fed starts tightening aggressively to support the bond markets, the stock markets could very well crash.

At the end of the day, the entire move in stocks since the Great Financial Crisis was based on the Fed creating a bubble in sovereign bonds.

Bonds trade based on inflation.

If inflation rises, so do bond yields.

When bond yields RISE as they are right now, bond prices FALL.

And when bond prices FALL, the massive debt bubble, the bubble that fueled the move in stocks prices, begins to burst.

With that in mind, the yield on the 10-Year US Treasury has just taken out a 25 year trendline. This is the most important bond in the world, and it’s warning us that the debt markets are in serious trouble if the Fed doesn’t act soon.

Globally the world has added over $60 trillion in debt since 2009… and all of this was based on the assumption that bond yields were going LOWER not HIGHER

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s in terms of Fed Policy when The Everything Bubble bursts.

It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

On Friday, the market finally woke up to the reality of rising rates.

The truth is that Central Banks have been printing money for too long, maintaining “emergency” levels of QE despite the fact the global economy is growing.

This has unleashed inflation, which is forcing the bond market to drop. On Friday, stocks finally “got the memo” that conditions are too loose and the US Dollar is falling too fast.

The technical damage was severe and it’s only going to get worse from here.

The truth is that the Fed is WAY behind the curve on inflation. And unless the Fed starts tightening aggressively to support the bond markets, the stock markets could very well crash.

At the end of the day, the entire move in stocks since the Great Financial Crisis was based on the Fed creating a bubble in sovereign bonds.

Bonds trade based on inflation.

If inflation rises, so do bond yields.

When bond yields RISE as they are right now, bond prices FALL.

And when bond prices FALL, the massive debt bubble, the bubble that fueled the move in stocks prices, begins to burst.

With that in mind, the yield on the 10-Year US Treasury has just taken out a 25 year trendline. This is the most important bond in the world, and it’s warning us that the debt markets are in serious trouble if the Fed doesn’t act soon.

Globally the world has added over $60 trillion in debt since 2009… and all of this was based on the assumption that bond yields were going LOWER not HIGHER

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s in terms of Fed Policy when The Everything Bubble bursts.

It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Dear Reader,

If you’re looking for answers as to why the US financial system is the way it is… or have questions about what’s coming down the pike in the financial markets, pick up a copy of our bestselling book The Everything Bubble: The End Game For Central Bank Policy on KINDLE today.

If you’ve yet to pick up a copy, grab one now. You’ll immediately know more about how the financial system works (as well as what’s come) than anyone else in your social circle.

If you’ve already bought a copy, PLEASE leave us a review on Amazon. It will help get the word out!

This book is a distillation of over a decade of work. It is divided into two sections (How We Got Here and What’s to Come).

How We Got Here outlines everything you need to know about how the US financial system was created, developed, and currently operates “behind the scenes.” Anyone who reads it will have a better understanding of these issues than 99% of the public.

What’s to Come outlines what the next round of Federal Reserve policy will look like when The Everything Bubble (the bubble in sovereign bonds) bursts. It presents a road map for how the next crisis will play out as well as how the Fed will react to what’s coming.

Again, you can purchase the book by CLICKING HERE.

Thank you for your business. I hope you enjoy reading this book. I simply couldn’t be prouder of it.

Best Regards,

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Inflation has become a big enough problem that even the Fed is talking about it.

By way of background, you need to understand that the entire game for the Fed is to dramatically understate inflation so it can continue to “paper over” declining living standards in the US.

Were the Fed to ever accurately measure inflation, it would quickly become apparent that incomes have failed to match increased costs of living in the US, and that the Fed is powerless to address the structural issues in the economy.

Put simple, one of the Fed’s primary roles is to dramatically understate inflation.

With that in mind, inflation has to become a serious problem for the Fed to start talking about it as a threat. Which is why the fact the Fed is upgrading its inflation forecast should be a wake up call.

And why shouldn’t it? The NY Fed’s own inflation measure (the UIG) is clocking in at 2.98%, well above the Fed’s 2% target.

We are even getting signals of inflationary pressure moving into wages with total compensation rising 2.6% over the last 12 months.

Why does this matter?

Bonds trade based on inflation.

If inflation rises, so do bond yields.

When bond yields RISE as they are right now, bond prices FALL.

And when bond prices FALL, the massive debt bubble begins to burst.

With that in mind, the yield on the 10-Year US Treasury has just taken out a 25 year trendline. This is the most important bond in the world, and it’s warning us that the debt markets are in serious trouble if the Fed doesn’t act soon.

Globally the world has added over $60 trillion in debt since 2009… and all of this was based on the assumption that bond yields were going LOWER not HIGHER

All of this is at risk of blowing up as rates continue to rise. The time to prepare for this is NOW before things blow up.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s in terms of Fed Policy when The Everything Bubble bursts.

It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Inflation has become a big enough problem that even the Fed is talking about it.

By way of background, you need to understand that the entire game for the Fed is to dramatically understate inflation so it can continue to “paper over” declining living standards in the US.

Were the Fed to ever accurately measure inflation, it would quickly become apparent that incomes have failed to match increased costs of living in the US, and that the Fed is powerless to address the structural issues in the economy.

Put simple, one of the Fed’s primary roles is to dramatically understate inflation.

With that in mind, inflation has to become a serious problem for the Fed to start talking about it as a threat. Which is why the fact the Fed is upgrading its inflation forecast should be a wake up call.

And why shouldn’t it? The NY Fed’s own inflation measure (the UIG) is clocking in at 2.98%, well above the Fed’s 2% target.

We are even getting signals of inflationary pressure moving into wages with total compensation rising 2.6% over the last 12 months.

Why does this matter?

Bonds trade based on inflation.

If inflation rises, so do bond yields.

When bond yields RISE as they are right now, bond prices FALL.

And when bond prices FALL, the massive debt bubble begins to burst.

With that in mind, the yield on the 10-Year US Treasury has just taken out a 25 year trendline. This is the most important bond in the world, and it’s warning us that the debt markets are in serious trouble if the Fed doesn’t act soon.

Globally the world has added over $60 trillion in debt since 2009… and all of this was based on the assumption that bond yields were going LOWER not HIGHER

All of this is at risk of blowing up as rates continue to rise. The time to prepare for this is NOW before things blow up.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s in terms of Fed Policy when The Everything Bubble bursts.

It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

The single most important bond in the world is the US 10-Year Treasury bond.

According to modern financial theory, this bond, with a duration that is meant to cover a full economic cycle, is generally considered the “risk free” rate of the return for the entire financial system.

Corporate debt, mortgage rates, auto loans, even stock dividends are all perceived in terms of their value/risk relative to the yield on the 10-Year US Treasury bond.

With that in mind, the yield on this bond has just broken above the trendline that has guided it lower for the last 25 years.

Put another way, for the first time in over 25 years, the bond market is at real risk of moving into a bear-market.

Why does this matter?

Bonds trade based on inflation.

If inflation rises, so do bond yields.

When bond yields RISE as they are right now, bond prices FALL.

And when bond prices FALL, the massive debt bubble begins to burst.

Globally the world has added over $60 trillion in debt since 2009… and all of this was based on the assumption that bond yields were going LOWER not HIGHER

All of this is at risk of blowing up as rates continue to rise. The time to prepare for this is NOW before things blow up.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s in terms of Fed Policy when The Everything Bubble bursts.

It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

The single most important bond in the world is the US 10-Year Treasury bond.

According to modern financial theory, this bond, with a duration that is meant to cover a full economic cycle, is generally considered the “risk free” rate of the return for the entire financial system.

Corporate debt, mortgage rates, auto loans, even stock dividends are all perceived in terms of their value/risk relative to the yield on the 10-Year US Treasury bond.

With that in mind, the yield on this bond has just broken above the trendline that has guided it lower for the last 25 years.

Put another way, for the first time in over 25 years, the bond market is at real risk of moving into a bear-market.

Why does this matter?

Bonds trade based on inflation.

If inflation rises, so do bond yields.

When bond yields RISE as they are right now, bond prices FALL.

And when bond prices FALL, the massive debt bubble begins to burst.

Globally the world has added over $60 trillion in debt since 2009… and all of this was based on the assumption that bond yields were going LOWER not HIGHER

All of this is at risk of blowing up as rates continue to rise. The time to prepare for this is NOW before things blow up.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s in terms of Fed Policy when The Everything Bubble bursts.

It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

The single most important bond in the world is the US 10-Year Treasury bond.

According to modern financial theory, this bond, with a duration that is meant to cover a full economic cycle, is generally considered the “risk free” rate of the return for the entire financial system.

Corporate debt, mortgage rates, auto loans, even stock dividends are all perceived in terms of their value/risk relative to the yield on the 10-Year US Treasury bond.

With that in mind, the yield on this bond has just broken above the trendline that has guided it lower for the last 25 years.

Put another way, for the first time in over 25 years, the bond market is at real risk of moving into a bear-market.

Why does this matter?

Bonds trade based on inflation.

If inflation rises, so do bond yields.

When bond yields RISE as they are right now, bond prices FALL.

And when bond prices FALL, the massive debt bubble begins to burst.

Globally the world has added over $60 trillion in debt since 2009… and all of this was based on the assumption that bond yields were going LOWER not HIGHER

All of this is at risk of blowing up as rates continue to rise. The time to prepare for this is NOW before things blow up.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s in terms of Fed Policy when The Everything Bubble bursts.

It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

The single most important bond in the world is the US 10-Year Treasury bond.

According to modern financial theory, this bond, with a duration that is meant to cover a full economic cycle, is generally considered the “risk free” rate of the return for the entire financial system.

Corporate debt, mortgage rates, auto loans, even stock dividends are all perceived in terms of their value/risk relative to the yield on the 10-Year US Treasury bond.

With that in mind, the yield on this bond has just broken above the trendline that has guided it lower for the last 25 years.

Put another way, for the first time in over 25 years, the bond market is at real risk of moving into a bear-market.

Why does this matter?

Bonds trade based on inflation.

If inflation rises, so do bond yields.

When bond yields RISE as they are right now, bond prices FALL.

And when bond prices FALL, the massive debt bubble begins to burst.

Globally the world has added over $60 trillion in debt since 2009… and all of this was based on the assumption that bond yields were going LOWER not HIGHER

All of this is at risk of blowing up as rates continue to rise. The time to prepare for this is NOW before things blow up.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s in terms of Fed Policy when The Everything Bubble bursts.

It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

The Debt Markets are beginning to flash multiple warnings that “all is not well.”

High yield credit, also called Junk Bonds, leads stocks and most risk assets to the upside. With that in mind, consider that the High Yield Credit ETF (HYG) has broken its uptrend from the 2016 bottom.

This is a MAJOR warning that the “risk on” move of the last few months is stalling out if not preparing for a correction.

Similarly, the long-term Treasury ETF (TLT) peaked in mid-2016 and is now significantly down, carving out a clear Head and Shoulders topping pattern.

Why are these bonds beginning to roll over?

Because inflation is rising, and bond yields are rising to adjust to this reality.

When bond yields rise, bond prices fall.

When bond prices fall, the Bond Bubble begins to burst bursting.

Globally the world has added over $60 trillion in debt since 2009… and all of this was based on interest rates that were close to or even below ZERO.

All of this is at risk of blowing up as rates continue to rise. The time to prepare for this is NOW before things blow up.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s in terms of Fed Policy when The Everything Bubble bursts.

It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

The Debt Markets are beginning to flash multiple warnings that “all is not well.”

High yield credit, also called Junk Bonds, leads stocks and most risk assets to the upside. With that in mind, consider that the High Yield Credit ETF (HYG) has broken its uptrend from the 2016 bottom.

This is a MAJOR warning that the “risk on” move of the last few months is stalling out if not preparing for a correction.

Similarly, the long-term Treasury ETF (TLT) peaked in mid-2016 and is now significantly down, carving out a clear Head and Shoulders topping pattern.

Why are these bonds beginning to roll over?

Because inflation is rising, and bond yields are rising to adjust to this reality.

When bond yields rise, bond prices fall.

When bond prices fall, the Bond Bubble begins to burst bursting.

Globally the world has added over $60 trillion in debt since 2009… and all of this was based on interest rates that were close to or even below ZERO.

All of this is at risk of blowing up as rates continue to rise. The time to prepare for this is NOW before things blow up.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s in terms of Fed Policy when The Everything Bubble bursts.

It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research