For the Week: The S&P500 rallied 4.3% (down 13.3% y-t-d), and the Dow rose 3.0% (down 9.6%). The Utilities surged 6.4% (up 2.4%). The Banks gained 2.1% [...]
First vacation in a while, so coverage will be spotty for the next week or so. And I’ll try to finish up this week’s CBB news story extracts when I [...]
Please join Doug Noland and David McAlvany this coming Thursday, July 21st, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q2 recap [...]
The late-nineties U.S. “tech” Bubble was financed, at the margin, by high-yield debt (telecom, in particular), speculative hedge fund levered finance, and [...]
“In 1939, a brief proposal auspiciously titled ‘A Program for Monetary Reform’ was circulated among economists in the United States. Written in the wake [...]
Is the market bottom in, or is this more a replay of the fleeting Q1 quarter-end bear market rally? Is the “fix in” for European bonds? Does Kuroda’s [...]
We’re striving for context and perspective. In this incredible environment, feelings of insecurity and apprehension are inescapable. But we can work hard to [...]
No mincing words; no need for sophisticated prose. The week was ugly. Things look bad. There are elements similar to the year 2000 bursting of the [...]
The week arguably offered some clarity on key facets of today’s murky financial, economic and policy backdrops. At this point, the U.S. economy is [...]
A headline this week from National Review: “The Fed’s Half-Hearted War on Inflation – It has the power, but does it have the will?” Is the Fed all [...]
The thesis is one of secular change – an extraordinary multi-decade Bubble period transitioning (in a highly destabilizing manner) to a most uncertain New [...]
Global Bubble deflation gathered additional momentum this week. The U.S./global tech Bubble collapse accelerated. Hit by panic “runs”, the historic [...]
