by pentoport | Jul 28, 2023 | Commentary
July 28, 2023 Bond Market’s Mirror Image According to the Congressional Budget Office, the U.S. government posted a $225 billion budget deficit for June, up 156% from a year earlier. This means, the first nine months of fiscal 2023 showed a deficit of $1.4...
by pentoport | Jun 15, 2023 | Commentary
June 15, 2023 The Bank of Canada paused its rate hiking cycle in January but then hiked rates at its last meeting. The Royal Bank of Australia paused in April but then had to start hiking again in June. The Fed also paused at its June meeting or at least skipped a...
by pentoport | May 4, 2023 | Commentary
May 4, 2023 At his May FOMC press conference, Mr. Powell tried his hand at stand-up comedy by saying “banking conditions have broadly improved since March.” Could it really be possible that he can be so blind to what is actually happening within the...
by pentoport | Apr 28, 2023 | Commentary
April 26, 2023 First Quarter GDP increased at only a 1.1% seasonally adjusted annual rate. That was down from 2.6% in Q4 of last year, which was down from 3.2% during Q3. Despite the clear slowdown in economic growth, there still exists a battle between Wall...
by pentoport | Apr 17, 2023 | Commentary
April 17, 2023 The debt-disabled U.S. economy cannot withstand the surge in borrowing costs, and the reduction in money supply growth necessary to combat the record-high inflation suffered over the past few years. Our beloved U.S. Treasury Secretary Janet Yellen said...
by pentoport | Mar 27, 2023 | Commentary
March 27th 2023 Christian Laggard raised interest rates by 50 bps last week, and Mr. Powell decided to raise the Fed Funds Rate by 25bps today and to keep the Quantitative Tightening Program at its current pace. It is hysterically funny that the Fed and ECB both...
by pentoport | Feb 24, 2023 | Commentary
February 24th, 2023 The Deep State of Wall Street has changed the narrative from an economy that will probably undergo just a soft landing, to one that will now experience no landing at all. This specious propaganda is derived from the situation where we find CPI...
by pentoport | Feb 9, 2023 | Commentary
February 9, 2023 Inflation is supposedly on its way to falling gently back to 2% like a fluffy snowflake while the US economy roars ahead. Or at least that is what the deep state of Wall Street needs you to think. However, the US economy is in the eye of the hurricane...
by pentoport | Jan 17, 2023 | Commentary
January 17th 2023 Those investors who are hanging on to the hopes of an imminent Powell Pivot back to ZIRP and QE received some disappointing news from the latest Non-farm Payroll Report. During the month of December, 223k net new jobs were created, and the...
