Category Archives: Uncategorized

Don’t bank it.  Avoiding a recession is not part of the Fed’s explicit dual mandate.  The Federal Reserve System has been given a dual mandate—pursuing the economic goals of maximum employment and price stability. – St Louis Fed Even after … Continue reading →

We don’t think copper has a Ph.D. in economics but possibly is an ABD.  If you are not buying copper hand-over-fist here, at $3.54 per lbs., you should be. We doubt there is enough copper in the world to electrify … Continue reading →

Don’t be fooled; the 10-year yield is the chart and market indicator to monitor.  The Fed is no longer around to support notes and bonds, the ex-post real yield on the 10-year is still below -3.0 percent, and the spike … Continue reading →

You decide.  The ratio of total US stock market valuation to GDP has been named “The Buffett Indicator” because Warren Buffett – the legendary CEO of Berkshire Hathaway (BRK.A)(BRK.B) – once called it “the best single measure of where valuations stand … Continue reading →

Break out the Tie Dy.

In the past six months, inflation has far exceeded December 2021 expectations. In many countries, actual rates have doubled projections. European countries are particularly affected. For example, inflation in Lithuania is running at 15.5 percent annually, nearly five times the … Continue reading →

Don’t Bank Peak Inflation Korean Chip Exports Cry For Argentina Japan Running Trade Deficits, WTF? China Growth Turning Up Sterling Getting Pounded Working Age Men Lag Return To Labor Market World Economy Back To Pre-COVID Levels Is There Enough Copper … Continue reading →

A bankable technology of the future.  All things must change in the coming hard reset.

The economy is still in a Gimme Shelter feedback loop, which we warned about last May in the following repost of that post.   The monthly payment increases as mortgage rates rise faster than housing prices fall, which, in our opinion, … Continue reading →