2015 ROADMAP TO CRISIS A Fiduciary Failure Previous Annual Thesis Reports: 2000 – Extend & Pretend 2011 – Currency Wars – ‘Beggar-thy-Neighbor’ 2012 – Financial Repression 2013 – Statism 2014 – Globalization Trap 2015 – Fiduciary Failure(see free sign-up below) ABSTRACTION SPRING BOARDING FROM LAST YEARS ‘GLOBALIZATION TRAP’ EXPANSIVE CREDIT CREATES EXCESS SUPPLY & DEMAND […]
“Macro is back, and 2015 is shaping up to be an epic year for the guys who trade these fundamental shifts. To a man, after several years of little action in the macro world, they are positively licking their lips at the potential opportunities that are headed their way next year.” – Grant Williams 1- […]
Dollar surge endangers global debt edifice, warns BIS 12-07-14 Ambrose Evans-Pritchard, FT Bank for International Settlements concerned about underlying health of world economy as dollar loans to emerging markets increase rapidly BIS warned that dollar loans to Chinese banks and companies are rising at annual rate of 47pc and now stand at $1.1 trillion Photo: Oliver Yao […]
The Monetary malpractice of the central banks, within the developed economies, has distorted the pricing of risk and therefore the process of price discovery. Let’s review the evidence MOUNTING DISTORTIONS The following chart illustrates how the Federal Reserve’s policy of Quantitative Easing (QE) has produced such a distorting market effect that stock prices no longer […]
FINANCIAL REPRESSION 50% of all US pension fund assets are invested in stocks BEFORE Financial Repression BONDS were “for Widows, Orphans and Pensioners” For those who couldn’t and SHOULDN’T take risk Now the government is forcing Public Pensions into Stocks Why The Fed Can’t, And Won’t, Let The Stock Market Crash 08/16/2014 Zero Hedge When […]
FEATURE ARTICLE HIGHLY UNUSUAL CHART PATTERNS It is time to step back and look at the ‘big picture’ long term charts of Silver and Gold. This is because we appear to be reaching the end of an extended consolidation period and both look ready to launch to new highs. SILVER – Monthly Chart The monthly […]
SUMMER SHOCK? A Surprise May Be Coming During the Lazy Hazy Days of Summer! Q1 GDP was revised to NEGATIVE at the end of May. If Q2 Earnings are poor (as we expect) then fear of NEGATIVE Q2 GDP will ignite a Recession Scare REMEMBER: Recession is two consecutive quarters of negative Growth EXPECT […]
The Central Banks’ “Desperate” Stage is Still Ahead! Carry Trade Reacting to Accelerating JGB Selling USDJPY Taking Aim at 200 DMA and Below US$ ‘Basing View’ At Risk US Treasury 10 Year Yield Breaking Down S&P 500 Rate of Change Tracks Fed Total Asset ROC It’s About Flows and […]
Yield, Spread & Credit This Bond YIELD chart shows what we presently anticipate. We are at a MAJOR INFLECTION POINT. A FURTHER INTERMEDIATE INTEREST RATE “SCARE” IS LOOMING! Expect a correction and consolidation. REMEMBER: Financial Repression is at work here and US Bond Yields and Interest Rates MUST be further reduced. We presently expect the […]
