Just recently Anna-Louise Jackson published an interesting article asking if “The Financial Crisis” still haunted your investing. To wit:
“This month marks the 10-year anniversary of the current bull market’s beginnings. Yet, many Americans remain reluctant to invest in the stock market, a scary hangover from the 2007-09 recession. Read More.
Another month, another frightening jump in the US budget deficit. And this time it was a record. According to the latest Treasury data, the US budget surplus in February – traditionally the worst month of the year due to tax refunds – was a whopping $234 billion, missing the $227 billion deficit expected, and well worse than the $214 billion deficit recorded last February. Read More.
Yesterday, when he called the Fed’s dovish reversal “unprecedented”, DoubleLine’s Jeff Gundlach pulled no punches when he said that not only is this still a bear market rally, but that the market – which feels eerily like 2007 – will again post a negative return for 2019: Read More.
Federal Reserve Chairman Jerome Powell’s assertion this week that the U.S. economy remains strong is facing a stern test from the bond market, which showed a classic recession sign Friday morning. Read More.
London (Reuters) – German 10-year bond yields dived below zero while European shares and the euro fell on Friday after grim data from the continent fuelled fears of a global economic slowdown following this week’s dovish turn by the U.S. Federal Reserve. Read More.
Not too long ago, Peter Schiff said, “The rate hikes of the past have already guaranteed that the economy is headed for recession. It doesn’t matter whether they continue to raise rates in the future. The recession is a done deal.” Read More.
Jim Grant recently appeared on the Santelli Exchange on CNBC and the conversation quickly turned to this notion that “intellectuals” have the wherewithal to run the economy. Watch the Video.
(Bloomberg Opinion) — I first suggested the U.S. economy was headed toward a recession more than a year ago, and now others are forecasting the same. I give a business downturn starting this year a two-thirds probability. Read More.
The SkyNet SellBots had the upper hand in the overnight futures, sending US stocks sharply lower at the open of trading on Wall Street. From there, the BuyBots stepped right up and mounted a respectable rally into the close, significantly cutting the day’s losses.
The DJIA closed down 23 points (0.1%), and the NASDAQ dropped 19 points (0.2%).
Stay tuned as the battle of the SkyNet StockBots continues!
Several years ago, we first described Horseman Capital’s Global Fund, as “the world’s most bearish hedge fund” for a simple reason: of all existing asset managers, Horseman may be the one with the biggest and longest net short in history (during the longest bull market in history). Indeed, as shown in the chart below, after last going net short in 2011, Horseman has gone over 7 years being net bearish the market, with its latest net exposure a whopping -88.14%, and a gross short position an unprecedented 160%. Read More.
For a few years now, since at least 2014, the phrase “global economic reset” has been circulating in the financial world. This phrase is used primarily by globalist institutions like the International Monetary Fund (IMF) to describe an event in which the current system as we know it will either die out or evolve into a new system where “multilateralism” will become the norm. The reset is often described in an ambiguous way. IMF banking elites will usually mention the end results of the shift, but they say little about the process to get there. Read More.
The question whether Beijing will tolerate another stock market bubble – one which it appeared to carefully cultivate until now – got an answer on Friday when Chinese stocks crashed, tumbling the most in five months. And it all started with a single sell rating.
The Shanghai Composite tumbled 4.4% to close below the key 3,000 point level, ending an 8 week rally, with the Shenzhen Composite and Chinext all following. Read More.
Just days after Goldman warned that the Goldilocks rally is over, a selloff swept across world markets with global stocks set for their biggest weekly drop since December, after a plunge in Chinese stocks set the tone for global markets on Friday, with equities in Europe sliding alongside U.S. futures amid growing concerns about the state of US-China trade negotiations and global growth following yesterday’s ECB shocking GDP downgrade. The yen climbed with gold as investors once again scrambled to buy safe Read More.
Love it or hate it, the potency of the Trump Administration is on the wane, soon to be stuck in the mire of the Swamp it has deepened instead of drained, while the economy falls into one hell of a recession — so claims former Regan-era Cabinet member and Congressman David Stockman. Read More.
The OECD recently published a paper called “Corporate Bond Markets in a Time of Unconventional Monetary Policy,” which showed that outstanding global corporate debt has surged over the past decade in both advanced and emerging economies alike. Total outstanding corporate debt increased by 70% from $5.97 trillion in 2008 to $10.17 trillion in 2018 in advanced economies, and has soared 395% to $2.78 trillion in emerging economies.Read More.
Confirming last week’s advance goods data which saw the biggest trade deficit on record in December, moments ago the BEA reported that the U.S. trade deficit soared to a 10-year high of $621 billion in 2018, jumping by $68.8 billion, or 12.5 percent in the year, and crushing Trump’s pledges to reduce it, as tax cuts boosted domestic demand for imports while the strong dollar and retaliatory tariffs weighed on exports. Read More.
WASHINGTON (AP) — The U.S. economy slowed in the final three months of last year to an annual growth rate of 2.6 percent, the slowest pace since the beginning of 2018, as the government shutdown and other factors took a toll on growth. Economists believe growth has slowed even more in the current quarter. Read More.
One week after PIMCO’s chief investment officer of global credit, Mark Kiesel, told Bloomberg that now is the time to start selling risk as “the market has priced in a lot of good news right now” and with all major asset classes overbought, the Pimco CIO “would be tilting the portfolio towards high quality Treasuries, agencies, investment-grade corporate bonds, owning less high-yield and owning less levered companies” adding that “this has been a situation where the rising tide has lifted all boats”, another financial icon has echoed this call. In its latest Global Perspectives note, private equity giant KKR, has issued a similar warning on publicly traded stocks: It’s time to sell the rally. Read More.
Investors are waking up to a rumble on the geopolitical front, as tensions heat up between two big nuclear powers, India and Pakistan. Read More.