The Central Bank Time Machine

by pentoport | Aug 23, 2019 | Commentary

August 23, 2019  We are now witnessing the death throes of the free market. The massive and record-breaking global debt overhang, which is now $250 trillion (330% of GDP), demands a deflationary deleveraging depression to occur; as a wave of defaults eliminates much...

Mid-Week Reality Check – 8/21/19

by pentoport | Aug 21, 2019 | Podcasts

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From Opium Wars to Currency Wars

by pentoport | Aug 19, 2019 | Commentary

August 19, 2019 In 1842 the Qing dynasty surrendered Hong Kong to the British Empire following the First Opium War. Then, in 1898, the British pledged to cede it back to China after 100 years had passed. Excluding the period of Japanese occupation during the Second...

Mid-Week Reality Check – 8/14/19

by pentoport | Aug 14, 2019 | Podcasts

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Mid-Week Reality Check – 8/7/19

by pentoport | Aug 7, 2019 | Podcasts

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An Ounce of Prevention is NOT Worth a Quarter Point of Cure

by pentoport | Aug 5, 2019 | Commentary

August 5, 2019 With Inflation hovering around 2% and the level of unemployment at historic lows, the Fed is fully attaining its prescribed dual mandate of full employment and stable prices (now defined as 2% inflation rate). Given this, one would think Jerome Powell...

Mid-Week Reality Check – 7/31/19

by pentoport | Jul 31, 2019 | Podcasts

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The Fed is Further Fueling the Bond Bubble

by pentoport | Jul 29, 2019 | Commentary

July 29, 2019 Let’s dive right into why lowering interest rates at this point in the cycle will not provide much of a boost to the faltering global economy and may not be much help to the stock market either. The simple truth is that asset prices are far too...

Mid-Week Reality Check – 7/24/19

by pentoport | Jul 24, 2019 | Podcasts

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What the World Doesn’t Need Now is Lower Rates

by pentoport | Jul 22, 2019 | Commentary

July 22, 2019 The Q2 earnings season is upon us and the risks to the rally that started after the worst December on record at the close of last year is in serious jeopardy. We received a glimpse of this with some of the current companies that have reported. For...