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The Corporate And Treasury Bond Bubbles Are Bursting

The Corporate And Treasury Bond Bubbles Are Bursting

Image Source: Pixabay Over the past 2 years the financial markets have watched the Federal Reserve raise interest rates over 5%, while at the same time the Treasury is pumping out debt faster than ever.We’ve all known for a long time that it can’t go on forever, and in today’s show, Jim Willie of The Hat […]
The Really Big Lie: No One Supported A Free Market Policy On Trade

The Really Big Lie: No One Supported A Free Market Policy On Trade

Image Source: Pexels I have a lot of respect for Ro Khanna. He is an articulate and energetic progressive from the belly of the beast, Silicon Valley. I also appreciate the sentiments behind his latest op-ed in the NYT on how we should seek to ensure that the benefits from AI are broadly shared. However, he badly errors […]
Expect Lower Oil Prices In The New Era Of Abundant Supply

Expect Lower Oil Prices In The New Era Of Abundant Supply

Image Source: Pixabay Nothing happens in an economy without energy. And despite the current efforts & hopes to de-carbonize our energy systems, the world remains heavily dependent on oil — especially as the dominant transport fuel in moving goods from point A to point B.Oil has had a rocky ride the past several years, with its price […]
The Free Money Has Run Out And It Shows In The Polls

The Free Money Has Run Out And It Shows In The Polls

Base image from 588 Biden Approval Ratings. Why Biden’s Approval Rating Is MiserableIncome is rising and so are wages. Even real income is up. But real wages are another matter.Personal income data from the BEA, hourly wages from the BLS, real hourly earnings and chart by Mish.Personal Income vs Hourly Wages Notes DPI means Disposable Personal […]
U.S. Stock Treats For The New Year

U.S. Stock Treats For The New Year

Image Source: Pexels Here are U.S. stock treats to consider this new year. a growing consumer discretionary, a resilient consumer staple, and a dividend-growing healthcare stock. Have a peek. McDonald’s (MCD) I’m adding McDonald’s to my list for 2024. We increased MCD’s ratings on DSR in 2023 because its dividend triangle continues to strengthen; revenue and […]
Hidden 2024 Market Traps: Investment Warnings

Hidden 2024 Market Traps: Investment Warnings

Image Source: Pixabay Will 2024 be a financial disaster? Jonathan Wellum, CEO of RockLinc Investment Partners joins Wealthion host Eric Chemi to discuss what to expect in the financial landscape of 2024, Wellum’s startling predictions on how the Fed could impact your money, how the upcoming 2024 presidential election could reshape the investment landscape and more!Video […]
Charted: How Major Currencies Did In 2023

Charted: How Major Currencies Did In 2023

The U.S. Dollar Index peaked in fall 2022, the highest it had been in nearly two decades, rising in response to aggressive interest rate hikes.The index measures the value of the U.S. dollar against a basket of major currencies from six countries. A gain indicates the dollar is appreciating against the basket and vice-versa. The euro is […]
ProShares Short QQQ (SQQQ) ETF: An Expensive Way To Go Broke

ProShares Short QQQ (SQQQ) ETF: An Expensive Way To Go Broke

Image Source: Pixabay The ProShares UltraPro Short QQQ ETF (SQQQ) stock price has been in a freefall for a long time. The fund has crashed by over 99% in the past five years. It has also dropped by over 73% in the past 12 months. In this period, it has underperformed the TQQQ ETF, which is […]
Is Velocity Stable? Part MXXVI

Is Velocity Stable? Part MXXVI

Courtesy of CFS, here is M4 Divisia velocity (rescaled to 1967Q1=1): Figure 1: M4 Divisia velocity (blue), M2 velocity (tan), both 1967Q1=1. NBER defined peak-to-trough recession dates shaded gray. Source: CFS, Federal Reserve, BEA, NBER, and author’s calculations. If by stability, one means (deterministic) trend stationarity, then the answer is no.M4 divisia velocity fails to reject unit root […]
Stocks Edge Higher, Nasdaq Looks To Snap Skid

Stocks Edge Higher, Nasdaq Looks To Snap Skid

Stocks are attempting to regain their 2023 form today. Both the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are comfortably back to gains this afternoon, while the Nasdaq Composite (IXIC) furiously pares earlier losses. The tech-heavy index — looking to snap a four-day skid — broke into the black midday, as the […]