by pentoport | Apr 14, 2022 | Commentary
April 14, 2022 The economy is faltering, and markets are becoming chaotic. In spite of this, the mainstream financial media is busy convincing investors that the bull market is solidly intact. The 10-2 Treasury yield curve inverted on Tuesday, March 29, 2022. This...
by pentoport | Mar 24, 2022 | Commentary
March 24, 2022 The recent stock market rally is a trap. This is because Wall Street is vastly underestimating how hawkish the Federal Reserve will have to get in order to fight inflation. And how much weaker earnings and GDP growth will become as a result. The fact is...
by pentoport | Mar 7, 2022 | Commentary
March 7th, 2022 The U.S. economy is already deteriorating due to the humongous fiscal and monetary cliffs. These cliffs are now being compounded by the war in Eastern Europe and near record-high inflation. And, the Fed’s “PUT” is much lower and...
by pentoport | Feb 7, 2022 | Commentary
February 7, 2022 The current Fed Chair is perhaps best known for his quick pivots from hawkish back to dovish and vice versa. Maybe he is just too dependent on the prevailing winds of the current economic data. Or, perhaps more accurately, he is most swayed by the...
by pentoport | Jan 10, 2022 | Commentary
January 10th 2022 According to Doug Ramsey of the Leuthold Group, 334 companies trading on the New York Stock Exchange recently hit a 52-week low, more than double the amount that marked new one-year highs. That’s happened only three other times in history —...
by pentoport | Dec 20, 2021 | Commentary
December 20th, 2021 The coming new year will be fraught with risk due to the removal of central bank and government supports. This could very likely lead to the collapse of the most overvalued stock market in history. According to the Conference Board, US economic...
by pentoport | Nov 8, 2021 | Commentary
November 8, 2021 Stagflation is undermining the U.S. economy, and that poses a huge problem for Mr. Powell and his merry band of money printers. Inflation is running at a pace that is just about 3x faster than real GDP growth–a figure the Fed can no longer...
by pentoport | Oct 11, 2021 | Commentary
October 11, 2021 Investors are growing cautious as we approach the fourth quarter, and their trepidation is justified. Here’s a brief summary of the situation: there is a potential global financial crisis stemming from the Chinese property market meltdown, supply...
by pentoport | Aug 30, 2021 | Commentary
August 30, 2021 It is not very surprising to me that nearly every talking head on Wall Street is convinced inflation has now become entrenched as a permanent feature in the U.S. economy. This is because most mainstream economists have no clue what is the progenitor...
by pentoport | Aug 23, 2021 | Commentary
Happy 50th Anniversary Gold August 23rd 2021 Friday the 13th of August 1971 was a very important date in U.S. history. It was the date that set the table for the beginning of the end of the USD’s world reserve currency status. And, greatly expedited the road...
