The Fed confirmed yesterday that stocks are in a bubble. Lost amidst the usual Fed-speak about inflation and other items were the following nuggets. 1) “Equities” (read: stocks) were the…
While everyone is focusing on political issues, the NY Fed published a stunning report on the state of the US consumer. According to the NY Fed, the average US household…
While everyone is focusing on political issues, the NY Fed published a stunning report on the state of the US consumer. According to the NY Fed, the average US household…
The market should bounce this morning, but after that we’re heading down. The technical damage from last week was severe with the bull market trendline that has supported stocks since…
The market should bounce this morning, but after that we’re heading down. The technical damage from last week was severe with the bull market trendline that has supported stocks since…
The market riggers are now pulling the pin. All market rigs end badly. And given the fact that this one has been particularly egregious, the results will be quite ugly.…
The market riggers are now pulling the pin. All market rigs end badly. And given the fact that this one has been particularly egregious, the results will be quite ugly.…
The market riggers are now pulling the pin. All market rigs end badly. And given the fact that this one has been particularly egregious, the results will be quite ugly.…
Last week former Fed Chairman Alan Greenspan warned that the bond market was a gigantic bubble waiting to burst. This week, another financial elite, Jamie Dimon, CEO of JP Morgan,…
Based on the median Price to Sales for an S&P 500 company, the stock market is now officially the single biggest bubble in history. A big hat tip to John…
There’s a strange thing about Central Bankers… When they are working at a Central Bank, they never see financial problems, even if said problems are both MASSIVE and obvious. As…
Whoever is rigging the market is getting increasingly desperate. The daily VIX slams are getting more and more ridiculous. It’s getting to the point that the VIX is getting slammed…
As you know, we’ve been tracking the sub-prime auto-loan industry closely. Our view is that this industry represents the worst of the worst excesses of our current credit bubble, much…
A reader recently wrote in asking why I’m so bearish. I want to be clear; I’m not bearish because of the economy, nor because of stocks trading at bubble-level valuations…
A reader recently wrote in asking why I’m so bearish. I want to be clear; I’m not bearish because of the economy, nor because of stocks trading at bubble-level valuations…
A reader recently wrote in asking why I’m so bearish. I want to be clear; I’m not bearish because of the economy, nor because of stocks trading at bubble-level valuations…
Over 99% of investors continue to live in delusion. That delusion is that stocks are NOT in a bubble. They are. In fact, it’s arguably about to become the biggest…
The following is an excerpt from our weekly investment service, Private Wealth Advisory. A truly massive scandal is brewing in Big Tech. This scandal concerns the fact that 60% of…
Many commentators are baffled as to why the Fed has suddenly reversed course. Throughout 2017 the Fed has talked repeatedly about raising rates several times as well as shrinking its…
Do you know Seth Klarman? Klarman is founder of Baupost Group and is widely considered to be one of the greatest value investors in history. In 30+ years from 1982…
