Why Can’t We All Just Get Along?

by

by Martin Armstrong COMMENT: Dear Martin, I am a frequent follower of your blog. I read your article tonight “ Putin puts Bidens King check mate” Being an economist myself with 30 years of experience I completely agree with your proposals of a two tier Ruble. I would fine tune it even further by backing the … Read more

OCC Quarterly Bank Derivatives Report: There is $177T notional value of derivatives in the US banks alone, with assets only $14T. Notional amounts for Holding companies is $234T, while assets at $19T. $140T are set in OTC swaps. OTC contracts account for ~96% of all derivative trades.

by

by laflammaster https://occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr4-2021.pdf   https://occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr4-2021.pdf

No-one ever tells you to sell…

by

It is always interesting when the #bullish media says:"Buy stocks because #rates are low (equity #risk premium high) which justifies overpaying for value."1) Rate spikes have fast which destroys that premise.2) No-one ever tells you to sell.h/t @thedailyshot pic.twitter.com/iHlHRYhlVv — Lance Roberts (@LanceRoberts) March 25, 2022 Surge In Bond Yields Says It's Time To Buy … Read more

Another actor collapses on stage

by

'Rocketman' star Taron Egerton tests positive for COVID weeks after collapsing on stage https://t.co/RNrlOZwwBT pic.twitter.com/xVFaOkI1nb — New York Post (@nypost) March 25, 2022 Bob Saget's family attorney shuts down speculation about actor's death https://t.co/Ght8ZOj37u pic.twitter.com/k1yl5tSbZo — Yahoo Entertainment (@YahooEnt) March 25, 2022 Any predictions on what caused Comedian Heather McDonald to collapse? My bet is … Read more

‘The Americans are no longer the masters of planet Earth’ – ex-Russian president

by

Dmitry Medvedev discussed fundamental geopolitical changes with RT and Sputnik (RT) The Deputy Chairman of the Russian Security Council Dmitry Medvedev has explained why he believes “the unipolar world has come to an end” and weighed the odds of the European Union abandoning Russian gas. In a wide-ranging interview with Sputnik and RT, the former … Read more

Make the most of the final rally before the Summer crash…

by

https://twitter.com/David_Tracey/status/1507109326221193226 pic.twitter.com/Er7gPlNxFE — Hedgeye (@Hedgeye) March 25, 2022 BofA now sees *two* 50 bps Fed hikes this summer, raises terminal rate forecast to 3-3.25% by May next year.Also raises 2-yr yield forecast to 3.00%, resulting in "a deeply inverted 2s10s curve" as growth slows and recession risks rise. Doesn't see recession though. — Jamie McGeever … Read more

US, EU announce ‘task force’ to wean Europe off Russian gas: statement

by

#BREAKING Germany to halve Russian oil imports by June: ministry pic.twitter.com/SYtHciy1kB — AFP News Agency (@AFP) March 25, 2022 #UPDATE Germany said Friday it was drastically slashing its energy purchases from Russia amid Moscow's invasion of Ukraine, with oil imports to be halved by June and coal deliveries to end by the autumn pic.twitter.com/2GwAyfSXW0 — … Read more

Warning signs about the loss of economic momentum — not just in Germany but also in much of Europe…

by

.@markets on current and expected business conditions in #Germany according to the latest #IFO:The record drop is consistent with other indicators flashing warning signs about the loss of economic momentum — not just in Germany but also in much of #Europe #economy #EconTwitter pic.twitter.com/y6Qx6o4yeR — Mohamed A. El-Erian (@elerianm) March 25, 2022 The Ifo Business … Read more

Spanish hyperinflation near: PPI +40.7%!

by

pic.twitter.com/HX5pcCTYVc — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) March 25, 2022 A bounce is not growth. Spain GPD in 2021 recovers 5.1% vs -10.8% in 2020 and with an increase of debt of 6% pic.twitter.com/GUN6TuTcft — Daniel Lacalle (@dlacalle_IA) March 25, 2022 Spain’s producer price inflation climbed to a fresh record high of 40.7 … Read more

72 Percent Of Americans Believe “The Nation’s Moral Compass Is Pointed In The Wrong Direction”

by

by Michael A new survey has found that the vast majority of Americans believe that the country is on the wrong track morally, but meanwhile the nation continues to move away from organized religion at an unprecedented rate.  Needless to say, America’s moral decline has been a focus of mine for a very long time.  Our … Read more

Breakeven 10Y Rate Above 3%, Highest In History!

by

by confoundedinterest17 The U.S. breakeven 10 year (USGGBE10 Index) went above 3% for the first time EVER. Breakeven inflation is the difference between the nominal yield on a fixed-rate investment and the real yield (fixed spread) on an inflation-linked investment of similar maturity and credit quality. But look at 30-year mortgage rates! Way to go, Joe! … Read more