by pentoport | Dec 14, 2023 | Commentary
December 14, 2023 I often talk about the bubbles that exist in bonds and stocks and the extreme valuation levels found there. But I want to emphasize that the real estate market is dysfunctional and sits on the edge of a cliff as well. While I do often mention that...
by pentoport | Nov 9, 2023 | Commentary
November 9,2023 So far this year, companies have planned 604,514 job cuts, a 198% increase from the 209,495 cuts announced through September 2022. It is the highest January-September total since 2020 when 2,082,262 cuts were recorded. Apart from that COVID year it is...
by pentoport | Oct 13, 2023 | Commentary
October 12, 2023 The major issue with the bond market right now is the overwhelming amount of bond issuance combined with the notable absence of the usual buyers. In other words, the illiquidity is already causing U.S. sovereign debt to trade like a microcap penny...
by pentoport | Sep 15, 2023 | Commentary
September 15, 2023 The US recession is merely delayed, not canceled. The soft-landing narrative is a myth. The government’s fiscal stimulus in 2023 has temporarily lifted the GDP growth rate. However, fiscal stimulus is not a reliable source of economic growth....
by pentoport | Aug 31, 2023 | Commentary
August 31, 2023 The average interest rate for a 30-year fixed-rate conforming mortgage loan has soared to 7.31%. That means borrowing costs are now at the highest level in 23 years, which has caused the demand for purchases to plunge to the lowest level in 28 years....
