Bond Market Wild Card

October 1st 2024  So, the Fed has pivoted once again. Jerome Powell has done so many twists that Chubby Checker would be envious. Or better said, the Fed has panicked and now realized it is again offside on its inflation target. Hence, Powell feels compelled to move...

Recession Now or Stagflation Forever

September 13, 2024 The labor market is clearly weakening. But in reality, this is what needs to happen. Short-term pain is needed to reconcile the great imbalances created by decades of free money. The alternative is intractable inflation that renders the middle class...

Powell’s Rate Cuts Won’t Be a Panacea

August 30, 2024 While the long-anticipated recession still lies ahead of us, the fact remains that the US economy is anemic and getting weaker. Therefore, it is imperative to be aware of the reasons why those predicting any sort of economic rebound should be extremely...

Asset Bubbles Beware

July 1, 2024 Global debt has soared to a record $307 trillion, rising by a staggering $100 trillion over the past decade, and now represents 340% of world GDP. This is why there is no easy escape from the upcoming recession. The salve to bring economies back after a...

When Will the Boom/Bust Rollercoaster End?

June 14, 2024 How can we know for sure the stock market is in a bubble? NVIDIA (NVDA) has been up 155% year to date; its market cap is over $3 trillion. The company has gained the equivalent of Amazon in just six months. And it is responsible for just over half of the...