Bizarro World Junk Bond Market Hits Record Negative Real Yield
Getting back to normal is going to look an awful lot like a recession
Total U.S. Household Net Worth as a Percent of GDP has Exploded Higher Since Covid
If this is what a recession looks like, we’d better start worrying about the recovery.
Why You Shouldn’t Read Too Much into the Fall in Treasury Yields
90% of deficit spending this year has been financed by either the Fed or the Treasury spending down their account
How Long Can Real Yields Really Stay This Negative?
Good for gold?
Asia to US & Europe Container Rates Still Surging to New Highs
People in the ‘transitory’ inflation camp better be prepared for ‘transitory’ inflation to last an uncomfortably long time
Despite Becoming Net Oil Exporter, US Trade Deficit as Bad as Ever
At the peak around 2007, oil was responsible for nearly half of the US trade deficit
How to Spot a Bubble
The hard part is not spotting bubbles, the hard part is having to courage to do something about it
Willem Jansz – Celestial Globe 1602
“It shows a nova in the constellation of Cygnus which Blaeu had personally observed in 1600”
Milwaukee Hasn’t Elected a Republican Mayor Since 1906
Its population has declined 21% since 1960
Mark Mobius: If Money Supply Growth Falters, Markets Will Turn Down
Are we reaching peak ‘reflation?’