Lance Roberts: The Biggest Support for Asset Prices Disappears
"Be careful. The bear market isn’t over yet…not by a long shot."
8 April 2020 - 10:52
Worse Than 2008: We Are Being Warned That the Coronavirus Shutdown “Could Collapse the Mortgage Market”
"...the CARES Act ... requires all financial institutions to allow borrowers with government-backed mortgages to defer payments for an extended period of time. ... industry insiders are warning that we are literally on the verge of a “collapse” of the mortgage market."
8 April 2020 - 04:48
What’s Going on with the VIX?
"Typically, the VIX rallies when stocks breakdown… which is why it’s odd that the VIX FELL on Friday despite stocks dropping."
7 April 2020 - 13:48
Bill Blain: This Is Not Even the End of the Beginning
"There are even calls for the central banks to extend their programmes into the $1.6 trillion junk debt market..."
7 April 2020 - 10:55
A Post-Brexit Economy Needs a Lower Sterling Exchange Rate
"Not so long ago, I had to get a taxi from the centre of Guangzhou, a large city in southern China, to its local airport. The cost in Chinese money was £10. When I got back to Heathrow, I had to get a taxi to central London – about the same distance as the taxi ride in Guangzhou. The cost was £70."
7 April 2020 - 01:48
Lance Roberts: Major Technical Failures Confirms Bear Market Risk
"Bear markets have a way of “suckering” investors back into the market to inflict the most pain possible."
6 April 2020 - 04:48
Derailed Corporate Buyback “Gravy Train” May Sink Markets Further
"Similar questionable “fundamentals” that those dot-com companies used to inflate their share prices have us potentially headed right into an even worse recession than originally thought."
4 April 2020 - 07:48
Charles Hugh Smith: When Bulls Are Overanxious to Catch the Rocketship Higher, This Isn’t the Bottom
"Case in point, every institution's favorite stock of the past decade: Apple. Interestingly, Apple's operating earnings have been flat for years--never mind what the global lockdown will do to aspirational longings for $1,000 smartphones."
3 April 2020 - 19:48
Did the Fed Really Just Save Mutual Funds from Disaster?
"The return to “infinite” QE could potentially inflate the dollar, burst asset bubbles, and threaten the long-term safety of the economy."
3 April 2020 - 13:48
This is the Single Most Important Chart in the World Right Now
"...if you want to get an idea of where the markets are heading you need to watch credit."
2 April 2020 - 16:48
Michael Lebowitz and Jack Scott: The COVID-19 Tripwire
"Doing “what works” in the short term often times conflicts with doing what is best for the most people over the long term."
1 April 2020 - 13:48
Egon von Greyerz: Don’t Wait for the Storm to Pass – Learn to Dance in the Rain!
"What the world is now encountering is the perfect storm."
1 April 2020 - 13:01
Panic Is Subsiding… but What Will Be the Secondary Effects?
"The Fed managed to stop this massacre by announcing it would backstop everything."
31 March 2020 - 04:48
Lance Roberts: The Fed Can’t Fix What’s Broken
"Bear markets END when things simply can’t “get any worse.”"
30 March 2020 - 04:48
The Fed’s Monetary “Moon Shot” Puts Inflation on a Powder Keg
"Hyperinflation also remains a possibility. Rapidly rising inflation and a falling dollar may trigger the Fed to raise rates, just like they did in the 1980s."
28 March 2020 - 19:48
Tom Luongo: Putin Front Runs Quantitative Easing, Proposes Taxing Investment Outflows
"With oil at or below $30 per barrel there is now a much bigger hole in Russia’s budget as tariffs from domestic oil and gas producers will likely drop to near zero."
27 March 2020 - 07:40
Lance Roberts: The Fed Is Trying to Inflate a Fourth Bubble to Fix the Third
"Welcome to United States of Japan."
26 March 2020 - 16:13
Egon von Greyerz: Swiss Gold Refiners Cease Production – End of the Paper Market
"Gold in bigger quantities is now very difficult to obtain but not impossible. There is a major silver shortage and virtually impossible to find. Smaller quantities of silver fetch a 100% markup on spot."
25 March 2020 - 13:48
‘Helicopter Money’: This Is the Game-Changer Geopolitically
"Confidence in the dollar will decline, as more and more dollar helicopter ‘drops’ are made. Interest rates will rise, and western junk debt will become toxic, and untenable at higher rates."
24 March 2020 - 07:48
The Fed Had a Choice… and It Is Choosing Weimar-Lite. What’s Next?
"...the Fed officially crossed the Rubicon over the weekend."
24 March 2020 - 04:48
Brandon Smith: The Crash of the Everything Bubble Is Here, and It’s Not Going Away Anytime Soon
"Understand that this is not a short-term crisis that will correct itself. This is a long-term disaster."
23 March 2020 - 00:05
Lance Roberts: Everyone Wanting to Buy Suggests the Bear Still Prowls
"As noted above, bear markets do not end with investors wanting to “buy” the market. They end when “everyone wants to sell.”"
21 March 2020 - 22:48
Lance Roberts: Mnuchin and Kudlow Say No Recession?
"Fade rallies, and reduce risk accordingly."
21 March 2020 - 10:48
The Third Bull Run for Precious Metals
"Historically, since the gold standard was removed in 1971, gold’s price has had two major “bull market” fluctuations, from 1971 to 1980 and from 1999 to 2011."
21 March 2020 - 01:48