Mark J Lundeen
Below is the balance sheet for the Federal Reserve. Here we see the vast increase in the supply of US dollars flowing through the world's economy since 1953. This is the reason for bubbles and crashes in financial assets, and our current...
For what seems like a few months, I've been saying that there is no chance for the Dow Jones would ever close above 13000; okay I was wrong! But I wasn't wrong about what drives the stock market up and down; the "policy makers."
"7/27/2012...
Well the dog and pony show Wall Street calls "the stock market" ended up for the week. However, once again, it developed a bout of acrophobia just as it was a few points shy of 13,000 (or a BEV -8.22% in the blue plot below). It would only...
Here is a chart I've never before published. It's a Step-Sum Symmetry Chart with a gold bias. What in the heck is that? Well, as we all know, during bull or bear markets there are about as many up days as there are down days. BUT, over the...
What is a derivative? A financial instrument whose value is derived from an underlying asset. For example, the US paper dollar is a derivative. Its value was once derived from the gold, or silver (then lawful money) held at the US Treasury...
This week I intended to focus on the derivative positions of the US banking system, but I need another week to do the subject justice. But the numbers involved in this market are simply incomprehensible. To reduce these numbers into...
Governments and their central banks have inflated the global-bond markets into a bubble that will long be remembered, and written about by market historians. Look at the US Treasury bond chart below; since this bond series was issued in...
