The commercial real estate (CRE) implosion has exposed endemic risk among regional banks and foreign financial institutions that adds fuel to a banking crisis bonfire that surfaced last spring after Silicon Valley Bank, Signature Bank, and First Republic collapsed. A...
Two business days after publishing a bearish late fall analysis on Oct. 29 and one day following “The Federal Reserve at War” penned by Judy Shelton for the Wall Street Journal, an FOMC monetary policy announcement on Nov. 1 was dovish enough to launch a wicked rally...
The #TaperCaper manifested with vigor on a Fed pivot during its FOMC monetary policy announcement last Wednesday which included a new dot plot graph (page 4) that forecasts the slashing of interest rates next year. Any reference to it just being “dovish” is an...
The unsustainable U.S. national debt and deficit burden (view the real-time National Debt Clock) is a theme within my series on an impending bond storm ouroboros, the housing bubble’s entry into a capitulation phase, an imminent hard-landing recession vs. a Goldilocks...
Lurking behind a surge in United States government bond yields since the spring of this year are the two largest players in the market that have stopped buying U.S. Treasury debt. The Federal Reserve launched a quantitative tightening (QT) monetary policy program in...