by confoundedinterest17 How bad did the Covid epidemic hit the USA? Bad enough that like humpty dumpty, all the king’s soldiers and all the king’s men couldn’t put the US economy back together again. According to a research effort to track …
Blow baby blow!! Biblical bubbles don’t keep inflating themselves Jay!! Junk-rated borrowers of all stripes sold a record amount of notes in May, and even first-time issuers have met highly receptive buyers. This has pushed junk bond yields to a …
by confoundedinterest17 There is no doubt that the US Federal Reserve has strayed from its original mission (a safer, more flexible, and more stable monetary and financial system) to an asset bubble creator and preserver. The Fed has a dual mandate (thanks to Congress …
Authored by Michael Lebowitz via RealInvestmentAdvice.com, “Powell Says Fed Policies “Absolutely” Don’t Add To Inequality” – Bloomberg May 2020 The headline above is but one of countless times Fed Chairman Powell and his colleagues confidently said their policies do not …
by confoundedinterest17 Robert Shiller had an interesting interview with CNBC entitled ‘Wild west’ mentality is gripping housing, stocks and crypto” Nobel prize-winning economist Robert Shiller is worried a bubble is forming in some of the market’s hottest trades. He’s notably concerned about …
by DontMicrowaveCats The market today is deja-vous to 2017. Everybody and their mothers pumping 30 different shitcoins to the moon. Scamcoins left and right. Graphics cards impossible to obtain People defending coins like a cult, calling anybody who even questions …
#Bitcoin Let's see! Bubbles burst! Bitcoin has zero intrinsic value (apart from being a Collector's item). Deflationary bust and pop of equity bubble will take #Cryptos much much lower! pic.twitter.com/SSqDxQlAzi — Henrik Zeberg (@HenrikZeberg) May 15, 2021 Crypto is currently …
by Charles Hugh-Smith But weirdly, and irrationally, bubbles pop anyway. At long last, the moment you’ve been hoping for has arrived: you’re pitching your screenplay to a producer. Your agent is cautious but you’re confident nobody else has concocted a story …
by John Mauldin Recently I searched the Thoughts from the Frontline archives to see how often I used the word “bubble.” It was more than I thought, and I wasn’t quoting Don Ho. The bubbles I talked about were anything but tiny. Most …
Lyn Alden with Jason Burack on Wall St for Main St Jason Burack of Wall St for Main St interviewed returning guest, top young analyst and global macro all star, Lyn Alden. https://www.lynalden.com/ Follow Lyn on Twitter here: https://twitter.com/LynAldenContact Lyn has a free email …
Authored by David Stockman via Contra Corner blog, If you want to understand why we are heading for a financial Gotterdammerung, just consider the specious nonsense and mendacious cant that issued from JayPo’s post-meeting presser last week. It’s all the …
by Charles Hugh-Smith Given that the economy is now totally and completely dependent on inflating asset bubbles, it makes no sense to invest for the long-term. Beneath the endlessly hyped expansion in gross domestic product (GDP) of the past two …
BY JOHN RUBINO After raising interest rates and getting slapped around by the markets last year, the Fed now appears to accept that future monetary policy can only be easy, even at the cost of ever larger and more destabilizing financial …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter In Greater Vancouver, BC, Canada, house prices fell 0.5% in March from February, the eighth month in a row of declines, according to the Teranet-National Bank House Price Index released this morning. It was the sharpest eight-month decline …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The Wave of Mega-IPOs is already baked into the cake.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter House prices in Miami eke out post-collapse record but fizzle in Las Vegas, Phoenix, Washington, DC; fall in Chicago. Cincinnati & Detroit tick down further. There is a counterpart to “The Most Splendid Housing Bubbles in America,” as …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter San Francisco Bay Area House prices -4.3%, condos -5.7% since July, Seattle house prices -5.9%, most since Housing Bust 1; Los Angeles, San Diego, Denver, Portland, New York condos, even Boston decline. Dallas ticks up. The most obvious …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter How do they stack up against the most splendid housing bubble in America? Holy cow! Canadian housing markets are in a category of their own. No housing market in the US – no matter how crazy …
Josh Sigurdson talks with author and economic analyst John Sneisen about the continuing decline of the Canadian housing markets as banks like BMO warn that this type of decline normally leads to a recession and that this recession will be …
by: Stefan Gleason The $22 trillion official national debt is a much discussed problem, even as politicians exhibit zero motivation to do anything about it. But as big an economic overhang as it is, government debt isn’t likely to trigger the …
Authored by Tom Luongo, As the center of the U.S. freezes this weekend, Elon Musk is trying to figure out how to save Tesla from going the way of Enron. Religions die hard. It takes an orgy of evidence to change …
by Charles Hugh-Smith Even if the Fed hadn’t institutionalized perverse incentives to borrow and speculate in asset bubbles, the economy would still be generating far fewer winners than losers. If we scrape away the shuck and jive (a difficult task when …
Authored by Charles Hugh Smith via OfTwoMinds blog, It was always folly to believe that inflating asset bubbles could solve the structural problems of a post-industrial economy. The Doomsday Scenario for the stock and housing bubbles is simple: the Fed’s …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter San Francisco Bay Area & Seattle lead with biggest multi-month drops since 2012; San Diego, Denver, Portland, Los Angeles decline. Others have stalled. A few eke out records. San Francisco and San Diego are catching the Seattle cold, and others …
by John Rubino Doug Noland’s weekly Credit Bubble Bulletin is always required reading. The latest – befitting the amazing things that have happened lately – is more necessary than usual. But at 10,000 words it’s also a lot longer than usual. So while everyone …
by Charles Hugh-Smith The economy is far more precarious than the surface boom/bubble suggests. A great many households, enterprises and municipalities are in overloaded boats whose gunwales are just a few inches above the water; the slightest wave will swamp and …
by Martin Armstrong QUESTION: I work in the construction industry in Phoenix Arizona and there has been a boom in new construction for apartments, condos massive housing tracts and all of the retail that follows this. When I read about your …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Seattle prices drop 5.1% in five months, most since Housing Bust 1; San Francisco Bay Area, Los Angeles, San Diego, Denver, Portland all decline. This is the most obvious one: Seattle. House prices in the Seattle …
by Jesse Colombo The global elite are meeting in Davos, Switzerland this week and are richer than ever. Bloomberg reports – A decade after the financial crisis poured flat champagne on the World Economic Forum, gold-collar executives set to gather there this …
The Fed FOMC meetings are behind closed doors. But after 5 years, the meeting minutes become public. We can get a glimpse of what is said behind the curtain and use it to our advantage. To get the depth of …