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Corporate Bonds: “The Next Shoe to Drop” “The neckline has been broken over the last few days” A “calamity” is likely ahead for corporate bonds, says our head of global research, Murray Gunn. Some of Murray’s analysis involves the head and shoulders, a classic technical chart pattern. In case you’re unfamiliar with it, here’s an… Read more Next Shoe to Drop: Corporate Bonds |
Author: admin
Credit Default Swaps Provide Warning
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Credit Suisse: How the Price of Credit-Default Swaps Provided a Warning “… exceeded every high-water mark … of the past 15 years” Credit-default swaps were invented in the mid-1990s but a lot of people did not become aware of them until around 2000, and that awareness increased dramatically during the 2008 financial crisis. As you… Read more Credit Default Swaps Provide Warning |
M2 Money Supply Deflates
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U.S. Money Supply Deflates 2% Annually (What That Means) The debt bomb implodes: Expect recession and deflation Many pundits have expressed worry about the ramifications of global debt — and rightly so. As the Wall Street Journal noted toward the end of 2022: The world has amassed $290 trillion of debt and it’s getting more… Read more M2 Money Supply Deflates |
Rise in Stock Market Volatility Ahead
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Explosive Rise in Stock Market Volatility! Why It May Be Ahead There are now S&P options that expire each day of the week. What that may mean. Here’s a Wall Street Journal headline from a couple of months ago that some people may have scanned without much contemplation (Jan. 11): VIX, Wall Street’s Fear Gauge,… Read more Rise in Stock Market Volatility Ahead |
Housing Market Top
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How This Pattern from the Prior Housing Bust is Repeating Here’s when homes will likely sell for once-in-a-lifetime bargains Just like the gold “in them thar hills” motivated people from all walks of life to become miners way back when, real estate booms have motivated people from far and wide to become agents. In both… Read more Housing Market Top |
Retail Investors Jump In
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U.S. Stocks: Why Acting Independently Has Never Been More Important “Individual investors have been snapping up stocks at the fastest pace on record” More than 20 years ago, when I was working for another company, I remember hearing a colleague say that he doesn’t look at his monthly 401k statements. The implication was clear: He… Read more Retail Investors Jump In |
Recession Consensus Might Be Too Optimistic
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Why the Recession Consensus Might Be Too Optimistic “Major stock market declines lead directly to…” The verdict seems to be in: The economy is headed for a recession. These headlines from the past few months show what I’m talking about: A 2023 recession would mean job losses for most industries … (USA Today, Feb. 3)… Read more Recession Consensus Might Be Too Optimistic |
Gold Price and Inflation
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Gold and Inflation: Here’s a Market Myth “If you believe in Gold as a consumer price inflation hedge then…” Back in the days of the Roman Empire, an ounce of gold could buy a Roman a well-made toga, belt and finely crafted sandals. In modern day Rome, lo and behold, a businessman can become sharply… Read more Gold Price and Inflation |
Why Oil Prices Fell Despite Supply Shock
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Why Oil Prices Fell in the Face of “Supply Shock” “Crude should be at the forefront of a…” Looking back on 2022, one of the biggest fears about oil was that prices would skyrocket even more than they did due to a disruption in supply from Russia. Of course, Russia has been a major world… Read more Why Oil Prices Fell Despite Supply Shock |
Deflation Threat
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Why the Threat of Deflation is Real “The Federal Reserve is forging ahead with its balance sheet reduction” I know — inflation has been grabbing all the headlines for a good while now — so you may wonder why the subject of deflation is relevant. First, the definitions of inflation and deflation go beyond commonly… Read more Deflation Threat |