In lieu of my weekly technical update this opinion piece instead: The free money whores are back again. Harsh? Perhaps. Untrue? Not really. As I’ve stated before our market system is broken, […]
Free Money Socialism
Monetary Wars
It’s all in the open now. Front and center. The new global easing cycle has begun before the last one ended. Jay Powell’s ready to act speech on June 4th. On June […]
Curveball
If you went panic chasing into stocks following Jay Powell’s ‘ready to act’ speech on June 4 on the expectation for imminent rate cuts you just got thrown a curveball: Economic data […]
Global Fail
I can’t emphasize this point enough: The fact that central banks are about to embark on a new easing cycle, here and now, represents a global fail of epic proportions the magnitude […]
Game Over
Game over. The grand central bank experiment of the last 10 years has ended in utter and complete failure. The games of cheap money and constant intervention that have brought you record […]
The Fed is IT
Please don’t anybody act surprised by today’s rally. We were oversold, we hit key technical pivots and a bounce was due, but the trigger was well advertised in advance. 13 Fed speakers […]
Not Gonna Happen
Mr. Trump just opened a new tariff front with a 5% tariff threat on Mexico by June 10th with a threat to escalate it to 25% by October 1: “Tariffs will be […]
The Slow Down
Remember all that talk of optimism in Q1 and into April? It came easy after markets rallied hard following the Fed caving. The Q1 slowdown was just temporary, it’s going to be […]
The Lost War
Did the US just lose the trade war? It seems like a ludicrous question to ask at this time as the US just raised tariffs on China to increase pressure on the […]
Trade Deal Games
With 2 tweets China’s tech indices were sent down 8% in overnight. The tweets I’m of course talking about are Donald Trump’s tweets threatening to raise tariffs on China this coming Friday. […]
The Fed Is the Bubble
Occam’s Razor: The simplest explanation is often the best explanation. In this case: The Fed panicked in December and by caving to markets reignited the bubble in a major way and now […]
Fragmented
Are societies becoming hopelessly fragmented to the point that democracies are no longer functional as compromise solutions become impossible? Is technology tearing us apart? What are the consequences? Big questions and probably […]
