MacroVoices, Jesse Felder: How Long Can Stock Market Mania Continue?

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 Erik Townsend and Patrick Ceresna welcome Jesse Felder to MacroVoices. Erik and Jesse discuss: New all-time highs in the stock market despite the pandemic – what does this mean? Jesse’s perspectives on Mike Green’s thesis about passive investment strategy Is the retail mania driven by the Fed? Perspectives on stock split and still rising … Read more

Why “Price Stability” Policies Fail

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by Frank Shostak One of the duties that a central bank is expected to fulfill is to keep the general level of prices in the economy stable. The whole idea of price stability originates from the view that volatile changes in the price level prevent individuals from clearly seeing market signals as conveyed by the … Read more

Tesla Market Cap $383 Billion. P/E Ratio Over 1000. Systemic Risk is More Mispriced Than Anytime in History.

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https://twitter.com/RonnieChopra1/status/1296808613663694849 Systemic Risk is More Mispriced Than Anytime in History. We Saw It Proven in March. Now We Are In A Systemic Freefall. All That is Left Is The Collapse. — Paranoid Bull (@paranoidbull) August 21, 2020 Tesla has soared 50% since announcing its stock split — last week New York (CNN Business)Tesla is preparing … Read more

Is The Fed Hawkish Again?

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by UPFINA The Fed Minutes are released 3 weeks after meetings, so they usually don’t have large impacts on markets. However, this July’s Minutes caused stocks to sell off. Stocks declined because the Fed came out moderately against yield capping and didn’t give any details on when it will release targets. We discussed in an article … Read more

Stocks have never been at record highs with fundamentals severely depressed. Fund managers starting to believe this nonsense… Risk On is turning Off?

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Oops. S&P 500 earnings real yield is at its lowest level in a decade! Prior lows were also times that gold outperformed equities. What’s different this time? Stocks have never been at record highs with fundamentals severely depressed. Never. Time to buy gold & sell stocks. pic.twitter.com/Yiw4h4DS6Q — Otavio (Tavi) Costa (@TaviCosta) August 19, 2020 … Read more

Black dude explains why Joe Biden is bad for inner city black folks

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“Donald Trump is the change…” “@realDonaldTrump has been in office for 4 years cleaning up their mess of over 100’s of years!” This guy gets it – Joe Biden has done NOTHING for his community and state! He’s a Wilmington, Delaware local and he’s voting #Trump2020 in November!pic.twitter.com/XknYXT5Mjb — Students For Trump (@TrumpStudents) August 21, … Read more

Housing Boom Or Housing Stock Bubble? Got Gold? Silver?

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by Dave Kranzler of Investment Research Dynamics The DJUSHB (Dow Jones Home Construction Index) hit an all-time high on Thursday. The previous ATH was in July 2005. The current SAAR (seasonally adjusted annualized rate) for existing home sales as of the June report is 4.2 million. It’s the lowest sales rate since July 2010. The last time the … Read more

3 Truths That Will Define This 3-Part Economy

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by John Mauldin The economy recovery, when it comes—and it will—is going to be uneven. In some parts of the economy, it’s already starting. Other parts will be in what can only be described as a depression for quite some time. And still others are going to take off like a rocket ship. This three-part … Read more

Three waterspouts video offshore in Louisiana

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and 2 hurricanes on the way to Gulf of Mexico at same time, Monday/Tuesday Pretty cool, I’ve never seen 3 at a time. More spectacular waterspout video offshore SE Louisiana earlier today. Video courtesy of Raney Frederick. #LAwx pic.twitter.com/7yPkVDAKlk — Rob Perillo (@robperillo) August 21, 2020     AT