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Credit Card Debt In The United States Is Approaching A Trillion Dollars

Credit Card Debt In The United States Is Approaching A Trillion Dollars

For the first time ever, total credit card debt in the United States is approaching a trillion dollars. Instead of learning painful lessons from the last recession, Americans continue to make the same horrendous financial mistakes over and over again. In fact, U.S. consumers accumulated more new credit card debt during the 4th quarter of […]
Risk Is Low You Say?

Risk Is Low You Say?

I am seeing more and more analysis reporting things like ‘my proprietary indicators have gone positive’ or ‘market risk has now cleared according to my indicators’ and so on and so forth. You’re about a month too late there guys. A market bounce was almost pre-coded due to sentiment that got way over bearish in January and February. Indeed, […]
Welcome To The Currency War: China Devaluation Watch

Welcome To The Currency War: China Devaluation Watch

Not so long ago, a big Chinese currency devaluation seemed both inevitable and imminent. The story went like this: China had borrowed tens of trillions of dollars in response to the Great Recession and squandered much of it on uncompetitive factories and ghost cities. The companies and governments that own these worthless assets were about […]
Could A Significant Hedge Fund Performance Shift Be On The Way?

Could A Significant Hedge Fund Performance Shift Be On The Way?

Is hedge fund performance about to change? While it is too early to categorize this as a trend, there is a subtle shift taking place on the HSBC Hedge Weekly performance list that we’ve been noting. Last week, with nearly ¾ of the top 20 hedge funds being of the managed futures CTA variety, public discussions […]
4 Inverse ETFs To Short Oil As Crude Prices Tumble

4 Inverse ETFs To Short Oil As Crude Prices Tumble

While a strong dollar and global growth concerns—slowdown worries in China, sluggish growth in Japan, and recessionary fears in Europe—are some of the factors behind the slump in demand, the U.S. shale gas boom has boosted U.S. oil output to the highest level in 30 years. As a consequence to this increase in demand, oil from […]
Precious Metals Report – March 11, 2016

Precious Metals Report – March 11, 2016

Ira Epstein leads us through the day’s precious metal highlights. Video Length: 00:06:34
SP 500 And NDX Futures Daily Charts – ‘Reconsidering’ The ECB’s Recent Action

SP 500 And NDX Futures Daily Charts – ‘Reconsidering’ The ECB’s Recent Action

According to the official spin, traders ‘reconsidered’ what the ECB did this week, and what Draghi had subsequently said, and gleefully cast off all doubts and concerns about risks and started buying equities. Yes, I am sure that this is what happened.  Just as I am sure that all the lying, manipulating, and looting will […]
What Does Nasdaq Know?

What Does Nasdaq Know?

Nasdaq risk is dramatically higher than S&P risk at current levels. Despite the exuberant ramp of the last few weeks, the ratio of Nasdaq VIX to S&P VIX is at its highest in over 6 months. This is worrisome since the last time Nasdaq traders were this much more concerned about future risk than S&P traders, […]
What The World’s Leading Energy Insiders Fear Most

What The World’s Leading Energy Insiders Fear Most

On Wednesday, you saw what the annual Windsor gathering of energy executives, ministers, and ambassadors agreed on were the most important “shifts” in the energy sector today. But one topic got more attention during my briefing than any other. And I wasn’t the only one talking about it, either. You see, there’s a crisis brewing… It’s already […]
Anti-Gold Bug Says “Buy Gold!”

Anti-Gold Bug Says “Buy Gold!”

Veteran trader Dennis Gartman appeared on CNBC Futures Now yesterday and he made it clear right up front that he is not a “gold bug.” I’m not a gold bug. I don’t like the gold bugs. I’m not a believer that the world is coming to an end.” After that disclaimer Gartman, the anti-gold bug said, “Buy gold!” Video […]