Last week former Fed Chairman Alan Greenspan warned that the bond market was a gigantic bubble waiting to burst. This week, another financial elite, Jamie Dimon, CEO of JP Morgan, has said the same thing.
As you know, we’ve been tracking the sub-prime auto-loan industry closely. Our view is that this industry represents the worst of the worst excesses of our current credit bubble, much as the subprime mortgage industry represented the worst...
A truly massive scandal is brewing in Big Tech. This scandal concerns the fact that 60% of advertising “clicks” are in fact, NOT human; they are bots or automated algorithms that don’t buy anything. EVER.
Many commentators are baffled as to why the Fed has suddenly reversed course. Throughout 2017 the Fed has talked repeatedly about raising rates several times as well as shrinking its balance sheet.
Janet Yellen has confirmed that the US Dollar is going to collapse. I don’t mean a systemic, going to zero, collapse (though one day the $USD, like all fiat currencies will fail). I mean that the $USD is going to drop hard in the coming 18...
Central Bankers are absolutely terrified. In the last month, both Fed President Janet Yellen and ECB President Mario Draghi have issued somewhat hawkish statements, only to turn around within 48 hours and walk back their comments. Again,...
Very few investors caught on to it, but a few weeks ago the Fed made its single largest announcement in eight years. First let me provide some context. For eight years now, the Fed has propped up the stock market. In terms of formal...
The credit cycle is turning for the worse. Delinquency rates are creeping up in the consumer loan and commercial/industrial loan space. This is a clear signal that both the consumer and the corporate sectors of the economy are beginning to...
Fed Chair Janet Yellen just announced that the Fed will be kicking the $USD off a cliff. She didn’t use those words, but the words she did use weren’t all that different. But first a little context…
Since 2007, the world has packed on a truly staggering amount of Debt. That year (2007) is now commonly referred to as a debt bubble. At that time, global debt was $149 trillion. Today, 10 years later, it stands at $217 trillion.