By now we know that US BLS data are totally unrealistic for anyone who lives in the real world. My goal in this article is to demonstrate how, after 2020, the BLS has been literally making up numbers that go against any law of statistics. First of all, let’s start…
Category:Macro
HOW LOW WILL THE EUR SINK THIS TIME?
Last week, the European Central Bank (#ECB) didn’t make a policy mistake. As we discussed in “AFTER JAPAN, NOW IT’S EUROPE’S TURN TO SACRIFICE ITSELF TO KEEP THE US MARKET BUBBLE ALIVE UNTIL THE ELECTIONS”, they simply acted to serve the US Federal Reserve (#FED) interests. The market now expects…
MEANWHILE STOCKS ENJOY THE HEAVENS, BANKS ARE GOING THROUGH HELL
It’s been some time since I first rang the alarm bell about the crisis unfolding in the Commercial Real Estate sector (#CRE) in the US. Banks’ risk departments were largely ignoring this crisis, an issue I highlighted in my previous post, ”The great paradox of CRE lending: while owners are…
HOW TO TAKE ADVANTAGE OF DUMB (CENTRAL BANKS) AND DUMBER (GOVERNMENTS)
Have you ever watched the movie “Dumb and Dumber”? If you have not, you should. If that’s not your genre, at least do me a favor and watch this 41-second video clip here before reading this article. “That’s as good as money sir, those are IOUs”, isn’t this sentence striking…
AFTER JAPAN, NOW IT’S EUROPE’S TURN TO SACRIFICE ITSELF TO KEEP THE US MARKET BUBBLE ALIVE UNTIL THE ELECTIONS
At the European Central Bank (#ECB), they are so adamant about cutting rates lately that they are barely sparing a single day to remind markets about it (The time is ripe to cut interest rates next week, European Central Bank’s Rehn says). But, why such a rush when, even according…
IS THIS HOW BANKS ARE CONCEALING THEIR LOSSES ON SILVER SHORT POSITIONS?
Silver is garnering attention lately, with its price movements suggesting the onset of a short squeeze. Silver is no stranger to dramatic short squeezes. The most notorious silver short squeeze took place in the late 1970s and early 1980s, executed by Nelson Bunker Hunt and William Herbert Hunt. These sons…
WHO ARE TODAY’S “NINJA” SUBPRIME LENDERS? SHOCKINGLY… PENSION FUNDS
Over the past few weeks, I have been delving into the “buy now pay later” (BNPL) phenomenon to determine the extent to which this sector could pose a risk to the financial system. Firstly, BNPL is not a “new thing” at all, but rather, it is the evolution of what…
WHAT HAPPENS IF JEROME “BURNS” POWELL SUDDENLY RESIGNS?
As you know, there is hardly a day when I don’t fire some shots towards #FED Jerome Burns. However, it is becoming evident that his powers and degree of discretion are equivalent to those of a cloth puppet. I wonder whether Jerome ever imagined being in his current position 10…
BECAUSE FOREIGN INVESTORS CANNOT KEEP PACE WITH THE US BALLOONING DEBT, WHY, WITHOUT #FED QE, JANET YELLEN ONLY ALTERNATIVE IS TO FORCE US PEOPLE TO BUY US TREASURIES.
Yesterday, the news that #China PBOC sold its largest amount of US Treasury reserves ever was not a shock. It was expected to happen sooner or later considering the state of the relationship between the two countries lately. Nevertheless, it was big news. At this point, I started to dig…
U.S. INVESTORS ARE THE DANCING PALLBEARES (AND THE AMERICAN DREAM IS THE ONE IN THE COFFIN)
The past 24 hours have been an absolute display of ridicule that the human mind could not contemplate a few years ago, but the Quantitative Easing fairy dust apparently makes every dream come true. I believe this CNBC article is the best example of incoherence between markets and reality: “CPI…