Ten-year Treasury yields fell 16 bps this week, reversing about a third of last week’s spike. MBS yields dropped 19 bps after last week’s 56 bps [...]

Please join Doug Noland and David McAlvany this coming Thursday, April 17th, at 4:00 pm Eastern/2:00 pm Mountain Time for the McAlvany Wealth [...]

“Worse than the worst-case scenario.” “Liberation day,” a day that will live in infamy. Financial Times Editorial Board: “America’s [...]

A disconcerting environment turned notably more so this week, with market instability becoming more serious. If risk aversion gathers momentum from [...]

Somehow, it staged a remarkable comeback. “Transitory” was spoken five times during the post-meeting press conference, twice by Chair Powell: [...]

The thesis holds that a multi-decade super cycle Credit Bubble – over recent years succumbing to “terminal phase excess” – has turned [...]

Wikipedia’s definition will suffice: “The term exorbitant privilege refers to the benefits the United States has due to its own currency (the US [...]

A challenge to focus on market analysis after viewing the most disturbing Oval Office spectacle of our lifetimes. I was more than ready to disregard [...]

“Bubbles are mechanisms of wealth redistribution and destruction – with detrimental consequences for social and geopolitical stability. Boom [...]

February 13, 2025: For the record, the S&P500 gained 1.04% for the session, and the Nasdaq100 jumped 1.43%. The Semiconductors rose 1.29% and the [...]

Treasury Secretary Scott Bessent’s Thursday comment is credible: “The President wants lower rates. He and I are focused on the 10-year Treasury [...]

Prioritize, or just go chronologically. The beginning, middle, or end of the week? DeepSeek, the Fed or Trump tariffs? Never a dull moment. We live [...]