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July 12, 2024: Houston, We Have a Bubble Problem

Aged. Unhealthy and deeply unsound. Worryingly unstable. Many voice serious concerns in private, with only a few willing to publicly broach the subject. But it’s way past time to have an open and candid debate on such critical subject matter and how to move forward. And I’m not referring to Nancy Pelosi and Barack Obama […]

Friday, July 12, 2024

[Yahoo/Bloomberg] Stocks Stable as Banks Set to Steal Tech Limelight: Markets Wrap [Yahoo/Bloomberg] Oil Rises for Third Day on Improving Demand and Weaker Dollar [Reuters] Volatile yen keeps currency market on edge [CNBC] Wholesale prices rose 0.2% in June, slightly hotter than expected [Reuters] Morning Bid: Disinflation, rotation and a bruised dollar [CNN] Houston area […]

Keeping a Balanced Portfolio

Here’s our weekly recap of the precious metals markets for July 10. As of this recording, here is where precious metals stand: Gold is at $2,370, up 1.7% or $40 this week, compared with $2,330 last week. Just before this recording, gold was up over 2% to $2,390.   Silver rose up to $30.82 or […]

Thursday, July 11, 2024

[CNBC] Stock futures hover near record after CPI report shows easing June inflation: Live updates [Yahoo/Bloomberg] Treasury Yields Tumble After June CPI Slows More Than Estimated [Bloomberg] Yen Strengthens 2% Against Dollar in Aftermath of US Inflation [Yahoo/Bloomberg] Oil Climbs as Shrinking US Stocks Counter Downbeat IEA View [Yahoo/Bloomberg] Japan’s 40-Year Government Bond Yields Hit […]

Wednesday, July 10, 2024

[Yahoo/Bloomberg] Futures Signal Endurance to Rate-Fueled Rally: Markets Wrap [Yahoo/Bloomberg] Oil Erases Drop as China Concerns Vie With US Inventory Data [Reuters] Morning Bid: Calm markets as China skirts deflation, NZ doves coo [AP] Houston residents stew and swelter after storm Beryl leaves millions without power [CNBC] It suddenly looks like there are too many […]

An Interview With Charles Goodhart

Inflation & Interest Rates Higher For Much Longer Aging Population Is A Paradigm Shift Your Best Investment Is In Skills For Your Children “Now, I don’t see how the fiscal problems that we face can be met without a significant shift of taxation onto property. If that is so, then the valuation of housing will […]

Tuesday, July 9, 2024

[Yahoo/Bloomberg] Stocks Set to Test Another High Before Powell: Markets Wrap [Yahoo/Bloomberg] Oil Edges Lower as Focus Turns From Hurricane to Federal Reserve [Reuters] Morning Bid: Eyes switch to inflation vs elections, Powell up [Reuters] Fed’s Powell before Congress could show developing case for rate cut [Reuters] US small business sentiment rises to six-month high […]

Quarterly Recap

Here’s our weekly recap of the precious metals markets for July 3. As of this recording, here is where precious metals stand: The price of gold is up 2.7% since our last recording, and it was up 4.7% over the quarter. Year to date, with today’s move, gold is up over 15% so far this […]

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