Monthly Archives: December 2017

Did you know inflation is too low? I didn’t. And neither does the $USD. The greenback is down almost 10% this year and is about to end 2017 with its largest loss in over a decade. Bear in mind, the … Continue reading →

The single most important chart for understanding the current state of the US financial system is the following: US Gross Domestic Product vs. US Total Debt Securities,                                              … Continue reading →

The single most important chart for understanding the current state of the US financial system is the following: US Gross Domestic Product vs. US Total Debt Securities,                                              … Continue reading →

It is clear stocks are in a massive bubble based on their Price to Sale (P/S valuation). What about the economy? Warren Buffett once famously stated that his favorite means of valuing stock was the stock market capitalization to GDP … Continue reading →

It is clear stocks are in a massive bubble based on their Price to Sale (P/S valuation). What about the economy? Warren Buffett once famously stated that his favorite means of valuing stock was the stock market capitalization to GDP … Continue reading →

The Fed raised rates another 0.25% the week before last. This marks the 5th rate hike since the Fed embarked on its policy tightening in December 2015 and the fourth rate hike in the last 12 months. The Fed’s latest … Continue reading →

The Fed raised rates another 0.25% the week before last. This marks the 5th rate hike since the Fed embarked on its policy tightening in December 2015 and the fourth rate hike in the last 12 months. The Fed’s latest … Continue reading →

If you wanted more evidence that Central Banks will stop at nothing to induce inflation, consider that yesterday Bank of Japan stated that it will continue with its QE program and with negative rates for as long as it takes … Continue reading →

If you wanted more evidence that Central Banks will stop at nothing to induce inflation, consider that yesterday Bank of Japan stated that it will continue with its QE program and with negative rates for as long as it takes … Continue reading →

Perhaps the single biggest development this year, as far as the markets were concerned, was the Fed admitting on the record that it has no idea what is going on with inflation. This represents a kind of endgame for the … Continue reading →

The bond market is talking, but no one is listening. As I explain in my bestselling book The Everything Bubble: the Endgame For Central Bank Policy, the yield on the 10-Year US Treasury bond is the single most important interest … Continue reading →

The bond market is talking, but no one is listening. As I explain in my bestselling book The Everything Bubble: the Endgame For Central Bank Policy, the yield on the 10-Year US Treasury bond is the single most important interest … Continue reading →

While the Fed Board of Governors continues with its “we don’t see inflation anywhere” shtick, one of its own in-house measures (the underlying inflation gauge or UIG) is about to hit 3%. The UIG estimated on the “full data set” … Continue reading →

While the Fed Board of Governors continues with its “we don’t see inflation anywhere” shtick, one of its own in-house measures (the underlying inflation gauge or UIG) is about to hit 3%. The UIG estimated on the “full data set” … Continue reading →

While the Fed Board of Governors continues with its “we don’t see inflation anywhere” shtick, one of its own in-house measures (the underlying inflation gauge or UIG) is about to hit 3%. The UIG estimated on the “full data set” … Continue reading →

The financial system is preparing for an inflationary shock. The single best means of measuring inflation vs deflationary forces in the US financial system is the TIP to Long-Treasury (TLT) ratio. When this ratio rallies the system is predicting inflation. … Continue reading →

The financial system is preparing for an inflationary shock. The single best means of measuring inflation vs deflationary forces in the US financial system is the TIP to Long-Treasury (TLT) ratio. When this ratio rallies the system is predicting inflation. … Continue reading →

I believe 2018 will be the year inflation arrives. The reason, as I’ve noted throughout mid-2017, is that multiple Central Banks, particularly the European Central Bank (ECB), Bank of Japan (BoJ) and Swiss National Bank (SNB) have maintained emergency levels … Continue reading →

I believe 2018 will be the year inflation arrives. The reason, as I’ve noted throughout mid-2017, is that multiple Central Banks, particularly the European Central Bank (ECB), Bank of Japan (BoJ) and Swiss National Bank (SNB) have maintained emergency levels … Continue reading →