Monthly Archives: February 2017

Globally inflation is on the rise. On Monday Spain reported a year over year 7.5% jump in its PPI reading (a measure of inflation). Take a look at that chart. Spain is just the latest major economy to join the … Continue reading

Posted on by The Phoenix | Comments Off on Have Central Banks Finally Achieved the Unthinkable (Inflation Unleashed)?

The single biggest story this morning is Treasury Secretary Steve Mnuchin pouring ice cold water on the market’s mania. First and foremost, Mnunchin stated point blank that the Trump administration HOPES to implement tax reform by August. Not two weeks … Continue reading

Posted on by The Phoenix | Comments Off on Trump’s Top Econ Guy Just ANNIHILATED the Market’s Fantasy

While the financial world continues to delight in Trump Mania, the US economy has rolled over into recession. I realize this sounds completely insane. After all, stocks are at new all time highs and a full 61% of Americans view … Continue reading

Posted on by The Phoenix | Comments Off on Is it Autumn 2007 All Over Again?

Those who lived through the ‘80s will undoubtedly remember the famous scene from the original Ghostbusters in which Bill Muray’s character goes to see Sigourney Weaver. Unbeknownst to Murray, Weaver’s character has been possessed by a demonic spirit. And every … Continue reading

Posted on by The Phoenix | Comments Off on “There is No Market, Only Trump.”

I keep pounding the table and screaming about inflation… but people still don’t get it. Hopefully yesterday’s inflation data was a wake up call. For those who missed, US wholesale inflation posted its largest monthly jump in four years yesterday. … Continue reading

Posted on by The Phoenix | Comments Off on The Markets Are Screaming “Inflation!” Are You Listening Yet?

Janet Yellen continues to demonstrate that she is either profoundly ignorant or dishonest. Neither of those are positive qualities for a Fed Chair. Having maintained interest rates at essentially ZERO for seven years during the Obama years, Yellen suddenly believes … Continue reading

Posted on by The Phoenix | Comments Off on Janet Yellen Is Playing With Matches Next to a $555 Trillion Powder Keg

The Trump Trade hit again on Friday when the White House announced that Trumps’ proposed tax reform is coming in the next few weeks. The markets took the new to ramp to new all-time highs. I’m not buying the hype. … Continue reading

Posted on by The Phoenix | Comments Off on Trade Alert: We Just Alerted Our Clients to a Money Making Opportunity

Yet another “unmassaged” data point has shown that the US economy is rolling over. If you’ve been reading me for a while you know that one of my biggest pet peeves is the fact that headline US economic data (GDP … Continue reading

Posted on by The Phoenix | Comments Off on According to “Unmassaged Data” the US Economy is Rolling Over

While the financial media was applauding last week’s jobs number, those of us who actually look into the details can tell you that the report was complete fiction. The headline number of 227,000 was largely crafted through seasonal adjustments, NOT … Continue reading

Posted on by The Phoenix | Comments Off on Bad News For Stock Bulls.. the US is Sliding Into Recession

As we have repeatedly warned, anyone who is betting on the Trump Presidency unleashing a massive $USD bull market in the near future is going to get taken to the cleaners. This has already begun… One of the single most … Continue reading

Posted on by The Phoenix | Comments Off on The US Dollar Bulls Are Falling for a DANGEROUS Trap…