Our Problem in a Nutshell: Why Is the Fed Still Buying $40 Billion a Month of Mortgages?
What would happen if they stopped?
How to Destroy the Middle Class in One Easy Step
There is no escape.
David Rosenberg: Excessive Debt & Spending Hangover Will Snap Reflation Trade
“The conditions for a boom-bust”
Baltimore Hasn’t Elected a Republican Mayor Since 1963, Population Has Declined 39% Since Then
No Republican candidate has received more than 25% of the vote since then
The Ruins of Holyrood Chapel
Louis Daguerre – 1824
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