May 17, 2019 The global economy began an experiment with fiscal and monetary alchemy when it exited the gold standard almost 50 years ago. In 1971 the USD completely separated from the last vestiges of its tether to gold. In effect, it released the worldwide monetary...
April 29, 2019 To put into perspective how overvalued and dangerous the US market has become; I often cite the figure of total market cap to GDP—currently 145% of the economy. How high is 145% of GDP? It is a full 30% higher than it was before the start of the Great...
April 22, 2019 Historically speaking, a normal Fed tightening cycles consist of raising the Fed Funds Rate (FFR) by 350-425bps. It is at that point that the yield curve usually inverts–thus, disincentivizing future lending and closing down the credit conduit. At...