I apologize for the cliché, but this is simply the best way to describe the current condition of markets and the economy. Here’s what I mean. Markets look good right now Volatility in both the stock and bond markets has fallen near the lows of their three-year ranges. In other words, investors are seeing little […]
Storm Clouds on the Horizon Read More »
Remember February 2022? Russia invaded Ukraine, the United States government and its partners in the G7 froze $300 billion of the Russian Central Bank’s assets. Commodity prices soared. Many analysts – like Zoltan Poszar at the now defunct bank Credit Suisse – predicted that this would trigger the end of the “dollar system”. That is,
The commodity bull market increases demand for dollars Read More »
I’m answering followers’ questions I didn’t get to in my last interview on the Monica Perez Show. Question: In another econ/finance podcast (yes they are a dime a dozen), Jacob Dreizin says: “let me just tell you, there’s not gonna be any financial crash… The people who were listening to Peter Schiff in 2008/2009, where
Follower Q&A: Is there an imminent debt crisis? Read More »
Earlier this week, a prominent finance and macroeconomics educator – George Gammon – posted a video in which he suggested a different way of defining whether or not the economy is in recession. Here's The Real Recession Indicator They Don't Want You To See https://t.co/SNqoJsRH64 — George Gammon (@GeorgeGammon) April 29, 2024 It can be
The Gammon Indicator of the Business Cycle Read More »
In 2021 the cracks in China’s real estate sector were exposed when its biggest developer – Evergrande Group – started having trouble making interest payments on its debt. The company’s bonds were never in amazing shape. Junk debt, to be sure. They traded around 83 cents on the dollar in May of 2021, but by
Why China’s Crisis is like the panic of 1907 Read More »
Summary: The Federal Open Market Committee (FOMC) is responsible for setting the key overnight rates in the economy. You and I don’t borrow or lend at these rates, the banks do. Its main policy interest rate, Fed Funds, is the rate banks pay to borrow from one another. In the 16 months up to July
Meltdown in China caused the Fed to hit the Brakes Read More »
The Lake Street Review Podcast
De-Dollarization: History, Probability, How to Prepare Read More »
