Powell's Put: out of money and time
(Kitco commentary) - Despite all the fanfare and cheerleading you hear in the MSFM, the recent bounce in equity prices has just been a rather pedestrian bear market rally.
Recession Question Answered
(Kitco commentary) - President Joe Biden, Treasury Secretary Janet Yellen, the entirety of the money printers who inhabit the Federal Reserve and virtually all of the deep state of Wall Street are still busy trying to convince you that a recession is unlikely.
Powell's crash landing
(Kitco commentary) - Wall Street, we have a margin problem. Shares of Target (TGT) fell by 25% on Wednesday the 18th as their margins shrank by the same amount. TGT margins collapsed due to higher input costs, overstocking and overstaffing.
Fade the post rate hike rally
(Kitco commentary) - The recent stock market rally is a trap. This is because Wall Street is vastly underestimating how hawkish the Federal Reserve will have to get in order to fight inflation. And how much weaker earnings and GDP growth will become as a result.
A recession unlike any other
(Kitco commentary) - The U.S. economy is already deteriorating due to the humongous fiscal and monetary cliffs. These cliffs are now being compounded by the war in Eastern Europe and near record-high inflation. And, the Fed's "PUT" is much lower and smaller in size than Wall Street believes.
Powell the pivoter cannot now pivot back to a dove
(Kitco commentary) - The current Fed Chair is perhaps best known for his quick pivots from hawkish back to dovish and vice versa. Maybe he is just too dependent on the prevailing winds of the current economic data. Or, perhaps more accurately, he is most swayed by the performance of the stock market.
Fiscal and monetary cliffs have arrived
(Kitco commentary) - According to Doug Ramsey of the Leuthold Group, 334 companies trading on the New York Stock Exchange recently hit a 52-week low, more than double the amount that marked new one-year highs. Thatâ??s happened only three other times in history -- all of them occurring in December 1999.
Fed to taper into weakening economy
(Kitco commentary) - Fed Chair Jerome Powell will soon announce the date for tapering its record-setting QE program, despite weakening jobs data.
Happy 50th anniversary gold
(Kitco commentary) - Friday the 13th of August 1971 was a very important date in U.S. history. It was the date that set the table for the beginning of the end of the USD's world reserve currency status. And, greatly expedited the road to perdition for the dollar's purchasing power.
Peak of the fake bull market
(Kitco commentary) - We are probably very close to the peak of this ersatz bull market and economy. Peak vaccination distribution, along with the peak optimism about the vanquished pandemic and the re-opening of the economy. U.S. corporations are experiencing peak profit margins.
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