Earlier this year I wrote two articles about the Fed’s ability to hike interest rates this year. (see “Fed At Risk Of Missing Window To Hike Rates” and “The Window Continues To Close.”) In both articles, I discussed the biggest worry of the Federal Reserve, and frankly every Central Banker on the planet, was deflation. The problem…
Note: GDP data will be available later this week, therefore new quarterly asset class expectations and recommended allocations will be included in next week’s edition. Economic Summary Employment – just 142k non-farm jobs were added, 60k below estimates and much lower revisions, year over year trend: flat Housing – for the 5th month in a row, home…
The sequence of events leading up the French Revolution are likely unfamiliar to most. Yet money printing and a debauched French currency played no small part in those events. As a sequel to “Shorting the Federal Reserve”, 720 Global aims to provide an historical example of excessive money printing which lead to financial crisis, and…
In the last trading session, the U.S. stocks managed to hold onto gains in what was overall a rocky session. Notably, Dow Jones and the S&P 500 recorded their biggest intraday reversals in four years. Among the top ETFs, investors saw (SPY – ETF report) gain 1.5%, (DIA – ETF report) rise 1.3% and (QQQ – ETF report) move higher by…
Approximately one year ago, I began publishing a series of articles on this site tracking oil inventories in an effort to aid understanding of why prices began to decline around that time. At the time, the media was consistently stating that there was an oversupply of oil in the United States but the actual numbers…
The richest people I know or meet always tell me the same thing: prime cities in the developed world simply can’t go down! New York, London, Paris, San Francisco, Vancouver, Singapore, Sydney – they’re all invincible! Or so these guys would have you believe. If there’s any two things history doesn’t support, it’s that the biggest cities…
I have had a target on the gold-silver ratio of low 80’s to 90. Then on Friday the GSR did this, putting that target in question (it hit 81, but I was thinking higher). Here it is today, converted to GLD-SLV… The weekly view is not broken down, however… Here’s the view of silver vs….
Miners have had a terrific lift since September 30, a 12% ascent in just four sessions. I would respectfully point you to the DUST graph, however (the triple-bearish-on-miners ETF) which is looking like it might be ready for a bounce. Adjunct to this, GLD is looking like it’s losing steam.
Bonds are a very popular investment, but before you buy any, let me tell you what I share with my clients about them. Think of a bond as a loan between you and a company or government. Assuming all goes normally, here’s how it looks: 1. You lend them a sum of money 2. They…
Today’s updates on sentiment in the US services sector and the Federal Reserve’s Labor Market Conditions Index (LMCI) offer more evidence for arguing that economic growth is slowing in the third quarter. There’s still a solid pace of output in services, but LMCI confirms the weakening trend that’s conspicuous in Friday’s disappointing release on payrolls for September….
