"The reality nobody dares acknowledge is that a "recovery" based not on improving productivity and innovation but on cheap credit and an artificially stimulated "wealth effect" was inherently weak."
"QE Unwind has a big job ahead to reverse part of what QE has done, which is what 'balance sheet normalization' ultimately means."
"Right now, foreign investors hold roughly 40% of U.S. government debt – the lowest since November 2016."
Eurozone GDP growth in Q1 arrived in line with a GDP tracker at +0.4% on a quarterly basis estimated by AXA IM strategists (versus a consensus of 0.6%) and reflected "the weakness in industrial production in several member states during January and February.
Dr. Ron Paul and Chris Rossini discuss on how America’s monetary system was hijacked in 1913.
David Rosenberg see's a recession not in two years but in one year.
"We have soft data that’s weak. We have hard data that’s weak. Logic says Flyover America is having a tough time. So, those all would argue for..."
"Central banks are walking the tightrope between altering their policies and doing nothing to alter them, thereby continuing them by default, with no exit plan."
The Chinese yuan is near its weakest level against the U.S. dollar in two months as the Trump administration’s top economic officials visit Beijing following weeks of rising trade tensions.
"If Goldman is correct that we are in Phase 3 on the way to Phase 4, AND if historical performance patterns hold, then a long commodities/short equities investment strategy might be rewarding."
And not even a trade war will stop it. China's ambitious 2030 plan envisions a $1 trillion artificial intelligence industry. But the trade war with the US is tilting more toward a fight over technology supremacy, including A.I.
Since hitting a post-Obamacare low in 2016, the ranks of uninsured are climbing again -- by 4 million as of March
Is the US labor market overheating? Is this a labor market inferno? The US U-3 unemployment rate just fell to 3.9%, the lowest rate in 18 years. And overtime hours worked has skyrocketed since January 2017. Let's see how The Fed interprets this data. Or will they ignore the data like Yellen did.
Yes, the Central Bank of Argentina is really putting its foot on the monetary accelerator as the Peso crashes.
"This is a confusing experience for the real estate industry, sellers, and buyers, since prices have ballooned for 18 years."
"When stocks fall below their 200-day trend, the market is generally considered to have made a change in trend."
Greenspan: "We have been in a state of stagnation since 2008"
"At 5.2%, the average mortgage rate will hit the highest level since 2010; 5.5% would take it to the highest level since 2008."
After initially rising on the news, gold & silver are now lower than yesterday's close. Here's an update on the post-jobs report market action...
President Mauricio Macri of Argentina, is starting to try the patience of global investors.