Author Archives: Phoenix Capital Research

The Fed has bet the financial system on academic theories, that upon close inspection defy even basic common sense. One could easily write a multi-volume set of books on the Fed’s mistakes. However, in its simplest rending, the biggest flaw … Continue reading →

In the early 2000s, Alan Greenspan was worried about deflation. So he hired Ben Bernanke, the self-proclaimed expert on the Great Depression from Princeton. The idea was that with Bernanke as his right hand man, Greenspan could put off deflation … Continue reading →

By almost any measure, stocks are sharply overvalued. Warren Buffet’s favorite value metric for stocks is Total Market Cap of the market/ GDP. Today we find this metric showing stocks as sharply overpriced. As Doug Short recently noted, only the … Continue reading →

The global economic implosion continues to worsen. China is growing at 3%… possibly even lower. One of the only remotely accurate Chinese economic data points is rail traffic. Well, Chinese rail freight has fallen at a pace not seen since … Continue reading →

Earnings may very well have peaked. MarketWatch notes that adjusted profits (even after all of the accounting gimmicks), FELL last year. This is the first time this has happened since we entered the alleged “recovery.” For the full year, adjusted … Continue reading →

Stocks are bouncing today because the Fed will wrap up its monthly FOMC meeting and make a public statement this afternoon. Stocks have been rallying into FOMC meetings for the last three years, so traders are now conditioned to buy … Continue reading →

This is a trader’s market. The markets are showing us sharp moves up and down. And while “buy and hold” investors might find this a unpleasant, short-term trades can use moves like this for large gains. Consider the last four … Continue reading →