Month: March 2018

The insanity of Central Bankers knows no bounds.

The latest indication of just how far “down the rabbit hole” the financial world has gone comes from Japan where it was announced that the Bank of Japan bought 75% of Japanese Government Debt issuance in FY17.

That is not a typo. Japan’s Central Bank bought $3 out of every $4 in debt Japan issued in fiscal year 2017. And it now owns 40% of Japan’s total debt outstanding.

Things have gotten so out of control that on Tuesday this week not a single 10-Year Japanese Government Bond was traded. Put another way, the daily volume on the 10-Year Japanese Government Bond was ZERO for an entire day.

There’s an expression for this kind of investment behavior: it’s called “cornering the market.”

Astonishingly, the BoJ is STILL beginning to lose control of its bond market. Currently the BoJ is targeting a 0% yield on the 10-Year Japanese Government Bond. Despite this, the yield on the 10-Year Japanese Government Bond has remained above this level for the better part of the last year.

Japan is not alone here. Globally bond yields are rising in most of the major debt markets including Germany, the UK, and the US.

Put another way, despite spending over $14 TRILLION trying to corner the bond markets, Central Banks are STILL beginning to lose control. The Everything Bubble is beginning to burst.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike 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 insanity of Central Bankers knows no bounds.

The latest indication of just how far “down the rabbit hole” the financial world has gone comes from Japan where it was announced that the Bank of Japan bought 75% of Japanese Government Debt issuance in FY17.

That is not a typo. Japan’s Central Bank bought $3 out of every $4 in debt Japan issued in fiscal year 2017. And it now owns 40% of Japan’s total debt outstanding.

Things have gotten so out of control that on Tuesday this week not a single 10-Year Japanese Government Bond was traded. Put another way, the daily volume on the 10-Year Japanese Government Bond was ZERO for an entire day.

There’s an expression for this kind of investment behavior: it’s called “cornering the market.”

Astonishingly, the BoJ is STILL beginning to lose control of its bond market. Currently the BoJ is targeting a 0% yield on the 10-Year Japanese Government Bond. Despite this, the yield on the 10-Year Japanese Government Bond has remained above this level for the better part of the last year.

Japan is not alone here. Globally bond yields are rising in most of the major debt markets including Germany, the UK, and the US.

Put another way, despite spending over $14 TRILLION trying to corner the bond markets, Central Banks are STILL beginning to lose control. The Everything Bubble is beginning to burst.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike 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 attempts to mask inflation are reaching truly ludicrous proportions.

Bloomberg reports that the “guts of the US CPI show key inflation weakest in years.”

What are the “guts?”

Housing rents… which the CPI claims are falling.

That’s interesting, because:

1)   Apartment rents rose in 89% of US cities in January.

2)   Rents as a percentage of income are at their highest levels ever.

3)   The supposed “drop” in rents actually consisted of rents rising 2.7% Year over Year. The fact that it was the slowest rise in years is somehow supposed to mean rents fell.

At some point, someone needs to point out the obvious: that the entire reason the Fed uses CPI as an inflation measure is to HIDE, not accurately portray inflation.

Here’s a chart of Rents for all Urban Markets in the US. If you believe that the trend is DOWN here I have a bridge to sell you.

The fact is that the Fed is desperately “massaging” the data to hide the reality that the inflation genie is out of the bottle.

The $USD has already figured this out, which is why it has been dropping like a brick, falling nearly 14% over the last 15 months.

Who are you going to believe? The $USD or Fed economic forecasts?

Unfortunately, this trend also spells DOOM for the Bond Bubble.

Why?

Bond yields trade based on inflation. So if inflation is rising, bond yields will do the same.

When bond yields rise, bond prices fall.

When bond price fall, the Bond Bubble begins to burst.

On that note, bond yields are spiking around to globe to accommodate higher inflation. Already we are seeing yields on US Treasuries, German Bunds, and even Japanese Government Bonds spike higher to test if not BREAK their long-term downward trendlines.

This is a truly global problem for global Central Banks which are all WAY behind the curve. And this is going to present investors with one of the great money-making opportunities of 2018 if they’re positioned correctly.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike 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 attempts to mask inflation are reaching truly ludicrous proportions.

Bloomberg reports that the “guts of the US CPI show key inflation weakest in years.”

What are the “guts?”

Housing rents… which the CPI claims are falling.

That’s interesting, because:

1)   Apartment rents rose in 89% of US cities in January.

2)   Rents as a percentage of income are at their highest levels ever.

3)   The supposed “drop” in rents actually consisted of rents rising 2.7% Year over Year. The fact that it was the slowest rise in years is somehow supposed to mean rents fell.

At some point, someone needs to point out the obvious: that the entire reason the Fed uses CPI as an inflation measure is to HIDE, not accurately portray inflation.

Here’s a chart of Rents for all Urban Markets in the US. If you believe that the trend is DOWN here I have a bridge to sell you.

The fact is that the Fed is desperately “massaging” the data to hide the reality that the inflation genie is out of the bottle.

The $USD has already figured this out, which is why it has been dropping like a brick, falling nearly 14% over the last 15 months.

Who are you going to believe? The $USD or Fed economic forecasts?

Unfortunately, this trend also spells DOOM for the Bond Bubble.

Why?

Bond yields trade based on inflation. So if inflation is rising, bond yields will do the same.

When bond yields rise, bond prices fall.

When bond price fall, the Bond Bubble begins to burst.

On that note, bond yields are spiking around to globe to accommodate higher inflation. Already we are seeing yields on US Treasuries, German Bunds, and even Japanese Government Bonds spike higher to test if not BREAK their long-term downward trendlines.

This is a truly global problem for global Central Banks which are all WAY behind the curve. And this is going to present investors with one of the great money-making opportunities of 2018 if they’re positioned correctly.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike 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 attempts to mask inflation are reaching truly ludicrous proportions.

Bloomberg reports that the “guts of the US CPI show key inflation weakest in years.”

What are the “guts?”

Housing rents… which the CPI claims are falling.

That’s interesting, because:

1)   Apartment rents rose in 89% of US cities in January.

2)   Rents as a percentage of income are at their highest levels ever.

3)   The supposed “drop” in rents actually consisted of rents rising 2.7% Year over Year. The fact that it was the slowest rise in years is somehow supposed to mean rents fell.

At some point, someone needs to point out the obvious: that the entire reason the Fed uses CPI as an inflation measure is to HIDE, not accurately portray inflation.

Here’s a chart of Rents for all Urban Markets in the US. If you believe that the trend is DOWN here I have a bridge to sell you.

The fact is that the Fed is desperately “massaging” the data to hide the reality that the inflation genie is out of the bottle.

The $USD has already figured this out, which is why it has been dropping like a brick, falling nearly 14% over the last 15 months.

Who are you going to believe? The $USD or Fed economic forecasts?

Unfortunately, this trend also spells DOOM for the Bond Bubble.

Why?

Bond yields trade based on inflation. So if inflation is rising, bond yields will do the same.

When bond yields rise, bond prices fall.

When bond price fall, the Bond Bubble begins to burst.

On that note, bond yields are spiking around to globe to accommodate higher inflation. Already we are seeing yields on US Treasuries, German Bunds, and even Japanese Government Bonds spike higher to test if not BREAK their long-term downward trendlines.

This is a truly global problem for global Central Banks which are all WAY behind the curve. And this is going to present investors with one of the great money-making opportunities of 2018 if they’re positioned correctly.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike 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 economic data is now beginning to reveal what the bond market has been screaming for weeks: namely that INFLATION. HAS. ARRIVED.

In the last 24 hours we’ve seen:

• Core inflation rose 2.2% year over year for the month of February.

• Media one-year inflation expectations rose to 2.83% from 2.71%

• Wage data rose at an annualized pace of 3% over the last three months.

The markets have already taken note, with inflationary assets exploding out of downtrends and entering raging bull markets.

Copper is roaring higher.

Steel is doing the same.

Even Coal, which everyone thought was dead, is up 300% from its lows.

Unfortunately, this trend also spells DOOM for the Bond Bubble.

Why?

Bond yields trade based on inflation. So if inflation is rising, bond yields will do the same.

When bond yields rise, bond prices fall.

When bond price fall, the Bond Bubble begins to burst.

On that note, bond yields are spiking around to globe to accommodate higher inflation. Already we are seeing yields on US Treasuries, German Bunds, and even Japanese Government Bonds spike higher to test if not BREAK their long-term downward trendlines.

This is a truly global problem for global Central Banks which are all WAY behind the curve. And this is going to present investors with one of the great money-making opportunities of 2018 if they’re positioned correctly.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike 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 economic data is now beginning to reveal what the bond market has been screaming for weeks: namely that INFLATION. HAS. ARRIVED.

In the last 24 hours we’ve seen:

• Core inflation rose 2.2% year over year for the month of February.

• Media one-year inflation expectations rose to 2.83% from 2.71%

• Wage data rose at an annualized pace of 3% over the last three months.

The markets have already taken note, with inflationary assets exploding out of downtrends and entering raging bull markets.

Copper is roaring higher.

Steel is doing the same.

Even Coal, which everyone thought was dead, is up 300% from its lows.

Unfortunately, this trend also spells DOOM for the Bond Bubble.

Why?

Bond yields trade based on inflation. So if inflation is rising, bond yields will do the same.

When bond yields rise, bond prices fall.

When bond price fall, the Bond Bubble begins to burst.

On that note, bond yields are spiking around to globe to accommodate higher inflation. Already we are seeing yields on US Treasuries, German Bunds, and even Japanese Government Bonds spike higher to test if not BREAK their long-term downward trendlines.

This is a truly global problem for global Central Banks which are all WAY behind the curve. And this is going to present investors with one of the great money-making opportunities of 2018 if they’re positioned correctly.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike 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 economic data is now beginning to reveal what the bond market has been screaming for weeks: namely that INFLATION. HAS. ARRIVED.

In the last 24 hours we’ve seen:

• Core inflation rose 2.2% year over year for the month of February.

• Media one-year inflation expectations rose to 2.83% from 2.71%

• Wage data rose at an annualized pace of 3% over the last three months.

The markets have already taken note, with inflationary assets exploding out of downtrends and entering raging bull markets.

Copper is roaring higher.

Steel is doing the same.

Even Coal, which everyone thought was dead, is up 300% from its lows.

Unfortunately, this trend also spells DOOM for the Bond Bubble.

Why?

Bond yields trade based on inflation. So if inflation is rising, bond yields will do the same.

When bond yields rise, bond prices fall.

When bond price fall, the Bond Bubble begins to burst.

On that note, bond yields are spiking around to globe to accommodate higher inflation. Already we are seeing yields on US Treasuries, German Bunds, and even Japanese Government Bonds spike higher to test if not BREAK their long-term downward trendlines.

This is a truly global problem for global Central Banks which are all WAY behind the curve. And this is going to present investors with one of the great money-making opportunities of 2018 if they’re positioned correctly.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike 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 is now reaching a crescendo.

The fact is that inflation develops in stages in the economy. The first stage concerns the price of items being bought and sold by wholesalers. We saw this begin to surge starting in the middle of last year. And it was a global phenomenon.

Paying more for something is manageable for a while. However, at some point the increase in prices is passed on into the economy in the form of more expensive goods and services. This is when inflation truly begins to become a problem.

And the tell tale sign that things are beginning to get out of control is when workers begin demanding higher wages to deal with increased cost of living.

We are now officially there.

Last week’s jobs data revealed that average hourly earnings for some 80% of workers rose at an annualized pace of 3% over the last three months. Again, this was over three months so it’s not a single data point, workers are DEMANDING higher wages to deal with higher costs of living/inflation.

We get confirmation of this from the bond market, where bond yields are spiking higher to accommodate higher inflation. Already we are seeing yields on US Treasuries, German Bunds, and even Japanese Government Bonds spike higher to test if not BREAK their long-term downward trendlines.

This is a truly global problem for global Central Banks which are all WAY behind the curve. And this is going to present investors with one of the great money-making opportunities of 2018 if they’re positioned correctly.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike 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 is now reaching a crescendo.

The fact is that inflation develops in stages in the economy. The first stage concerns the price of items being bought and sold by wholesalers. We saw this begin to surge starting in the middle of last year. And it was a global phenomenon.

Paying more for something is manageable for a while. However, at some point the increase in prices is passed on into the economy in the form of more expensive goods and services. This is when inflation truly begins to become a problem.

And the tell tale sign that things are beginning to get out of control is when workers begin demanding higher wages to deal with increased cost of living.

We are now officially there.

Last week’s jobs data revealed that average hourly earnings for some 80% of workers rose at an annualized pace of 3% over the last three months. Again, this was over three months so it’s not a single data point, workers are DEMANDING higher wages to deal with higher costs of living/inflation.

We get confirmation of this from the bond market, where bond yields are spiking higher to accommodate higher inflation. Already we are seeing yields on US Treasuries, German Bunds, and even Japanese Government Bonds spike higher to test if not BREAK their long-term downward trendlines.

This is a truly global problem for global Central Banks which are all WAY behind the curve. And this is going to present investors with one of the great money-making opportunities of 2018 if they’re positioned correctly.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike 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 is now reaching a crescendo.

The fact is that inflation develops in stages in the economy. The first stage concerns the price of items being bought and sold by wholesalers. We saw this begin to surge starting in the middle of last year. And it was a global phenomenon.

Paying more for something is manageable for a while. However, at some point the increase in prices is passed on into the economy in the form of more expensive goods and services. This is when inflation truly begins to become a problem.

And the tell tale sign that things are beginning to get out of control is when workers begin demanding higher wages to deal with increased cost of living.

We are now officially there.

Last week’s jobs data revealed that average hourly earnings for some 80% of workers rose at an annualized pace of 3% over the last three months. Again, this was over three months so it’s not a single data point, workers are DEMANDING higher wages to deal with higher costs of living/inflation.

We get confirmation of this from the bond market, where bond yields are spiking higher to accommodate higher inflation. Already we are seeing yields on US Treasuries, German Bunds, and even Japanese Government Bonds spike higher to test if not BREAK their long-term downward trendlines.

This is a truly global problem for global Central Banks which are all WAY behind the curve. And this is going to present investors with one of the great money-making opportunities of 2018 if they’re positioned correctly.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike 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

While everyone is “high fiving” over stocks holding up, the bond market is back to imploding. Already Treasury yields have bounced and are soaring higher in one of the nastiest breakouts in over 20 years.

In a world awash in too much debt (global Debt to GDP is over 300%) this is a MAJOR problem.

Most investors believe that the 2008 Crisis was the worst crisis of their lifetimes. They’re mistaken… what’s coming down the pike when the Bond Bubble blows up will be many times worse than 2008.

The reason is that bonds, not stocks, represent the bedrock of the financial system. When a stock bubble bursts, investors lose money. When a sovereign bond bubble bursts, entire countries go bust (a la Greece in 2010).

On that note, I want to point out that bond yields are not just rising in the US… we’re seeing them spike in Germany, Japan, and others.

This is a truly global problem, and if Central Banks don’t move to get it control soon, we’re heading into a MAJOR crisis.

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 financial media is awash with claims that Gary Cohn’s resignation as Chief Economic Advisor is triggering a market collapse.

While it’s true that a market collapse is starting again, it has nothing to do with Gary Cohn.

How do I know?

Because Gary Cohn first wrote a resignation letter back in August 2017 in the wake of the Charlottesville mess… and stocks exploded higher beginning one of their greatest rallies in history.

Put simply: stocks are not diving because of Gary Cohn; they are diving because the issue that first triggered the market meltdown in early February (rising rates) continues!

Remember, as I explained in my best-selling book The Everything Bubble: The Endgame For Central Bank Policy, the ENTIRE market rally following the 2008 Crisis was triggered by the Fed creating a bubble in US Sovereign Bonds, also called Treasuries.

Because our current financial system is based on debt, these bonds represent the bedrock for the entire financial system, with their yields representing the “risk free rate” of return against which EVERY asset class on the planet is priced.

As a result of this, when bond yields begin to rise, EVERY ASSET CLASS in the system (including stocks) adjusts accordingly.

In chart terms, THIS was what triggered the first leg down during this market collapse.

And guess what? Bonds yields bounced off support and are already turning back up again.

Which means… stocks will soon be revisiting the February lows.

On that note, we are already preparing our clients for this with a 21-page investment report titled the Stock Market Crash Survival Guide.

In it, we outline the coming collapse will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.

We’ve extended our offer to download this report FREE by one week. But this week is the last time this report will be available to the general public.

To pick up one of the last remaining copies…

https://www.phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 

The financial media is awash with claims that Gary Cohn’s resignation as Chief Economic Advisor is triggering a market collapse.

While it’s true that a market collapse is starting again, it has nothing to do with Gary Cohn.

How do I know?

Because Gary Cohn first wrote an resignation letter back in August 2017 in the wake of the Charlottesville mess… and stocks exploded higher beginning one of their greatest rallies in history.

Put simply: stocks are not diving because of Gary Cohn; they are diving because the issue that first triggered the market meltdown in early February (rising rates) continues!

Remember, as I explained in my best-selling book The Everything Bubble: The Endgame For Central Bank Policy, the ENTIRE market rally following the 2008 Crisis was triggered by the Fed creating a bubble in US Sovereign Bonds, also called Treasuries.

Because our current financial system is based on debt, these bonds represent the bedrock for the entire financial system, with their yields representing the “risk free rate” of return against which EVERY asset class on the planet is priced.

As a result of this, when bond yields begin to rise, EVERY ASSET CLASS in the system (including stocks) adjusts accordingly.

In chart terms, THIS was what triggered the first leg down during this market collapse.

And guess what? Bonds yields bounced off support and are already turning back up again.

Which means… stocks will soon be revisiting the February lows.

On that note, we are already preparing our clients for this with a 21-page investment report titled the Stock Market Crash Survival Guide.

In it, we outline the coming collapse will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.

We’ve extended our offer to download this report FREE by one week. But this week is the last time this report will be available to the general public.

To pick up one of the last remaining copies…

https://www.phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research