Inflation is going in the wrong direction again… and that is BAD news for stocks. If you’ll recall, the primary driver of the recent rally in stocks was the Fed…
By Graham Summers, MBA Governments around the world are issuing staggering amounts of debt to “paper over” any weakness in the private sector with public spending. As Bloomberg notes, collectively,…
By Graham Summers, MBA Since early 2023, numerous pundits and gurus have been calling for a recession. And despite numerous indicators flashing that one is coming… the recession has yet…
By Graham Summers, MBA Both stocks and bonds caught a bid mid-week on announcements that the Treasury has decided to issue less long duration bonds that previously expected. This is…
By Graham Summers, MBA Inflation is back. While mainstream economists prance around on television claiming that inflation has been defeated, the real data suggests otherwise. It’s a well known “secret”…
By Graham Summers, MBA As I noted a few weeks ago, inflation likely bottomed in July. By quick way of review, the official inflation metric, the Consumer Price Index or…
By Graham Summers, MBA The Fed has raised interest rates from 0.25% to 5.25% in the span of 16 months. And yet…inflation has yet to disappear in any significant fashion.…
By Graham Summers, MBA Yesterday, I noted that inflation has very likely bottomed for 2023. No one in the media is discussing this, but the only parts of the inflation…
By Graham Summers, MBA Inflation has very likely bottomed for 2023. The inflation data published in the U.S. is based on year over year comparisons. When the Consumer Price Index…
By Graham Summers, MBA The $USD is breaking down… in a big way. The greenback peaked in October 2022. After plunging some 11% from October 2022 to January 2023, the…
By Graham Summers, MBA As I’ve noted in our last two articles, the $USD has begun a significant decline against most major currencies (the Euro, the Pound and the Franc).…
By Graham Summers, MBA As I’ve noted in our last two articles, the $USD has begun a significant decline against most major currencies (the Euro, the Pound and the Franc).…
By Graham Summers, MBA Last week I outlined a major development in the currency markets. That development? That the U.S. dollar has begun to decline against nearly every major currency…
By Graham Summers, MBA Something major is brewing in the currency markets. Throughout much of 2021 and 2022, the $USD rallied aggressively, rising from 90 to 112. The driving force…
By Graham Summers, MBA There are two primary reasons why inflation has remained so persistent despite the Fed raising rates from 0.25% to 5.25% in the span of 14 months.…
By Graham Summers, MBA There are two primary reasons why inflation has remained so persistent despite the Fed raising rates from 0.25% to 5.25% in the span of 14 months.…
By Graham Summers, MBA There are two primary reasons why inflation has remained so persistent despite the Fed raising rates from 0.25% to 5.25% in the span of 14 months.…
By Graham Summers, MBA One of the biggest questions we hear from clients is “why aren’t stocks breaking down?” The answer is simple: the government. The Fed is fighting inflation.…
It’s worse than I imagined. I had initially thought that the current debt ceiling deal would feature a small amount of spending cuts in 2024. In reality, it will feature…
By Graham Summers, MBA As I first noted in my best-selling book The Everything Bubble: The Endgame For Central Bank Policy, “politicians make promises, but bond markets deliver.” What I meant…
