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Trapped By Moral Hazard
This society has taken monetary policy market manipulation to its logical self-destructing conclusion: The use of monetary policy under...
Aug 23, 20243 min read

Rotation to Recession
The stakes are high - a new bull market or headfake rally prior to collapse? When looking around at the various clues as to where this...
Aug 20, 20244 min read

Into The Jackson Hole
People call me a perma-bear because I never change my narrative of inevitable implosion. Everyone always wants to know, when is...
Aug 15, 20244 min read

FULL Japanification
What comes next I call full Japanification. What we've had since 2009 was merely a partial Japanification of markets. Under full...
Aug 14, 20243 min read

Here Comes Deflation
We are at that point in the cycle in which lagged economic signals show lingering end of cycle inflation mixed in with widely ignored...
Aug 13, 20242 min read

Round 3: Everything Implosion
In this end of week post I will focus on the technicals of the market with a small amount of macro commentary. First off, it was a highly...
Aug 9, 20242 min read

THE GLOBALIZED PONZI SCHEME IS OVER
When Boomers were growing up, I am told that everything was made in the U.S.A. But by the time I was growing up in the 1980s, everything...
Aug 8, 20243 min read

GLOBAL MARGIN CALL
With a high degree of confidence we can say that last week's BOJ rate hike was this era's Lehman event. The domino that catalyzed global...
Aug 8, 20243 min read

THIS IS MEGA CRASH
So far, this week is identical to last week, except at a much lower level. I have frequently warned that a break of this last support...
Aug 7, 20243 min read

EYE OF THE STORM
This is a special market update. I've shown many charts here and on Twitter comparing the similarities and differences between this...
Aug 6, 20243 min read

HARD LANDING
As of today, all of Wall Street's economic and market predictions are now off by a minus sign. The "soft landing" that Powell's Fed...
Aug 5, 20243 min read


Hot Air Explosion
Since Weekend At Biden's abruptly ended two weeks ago, hysteria over the latest "existential" election has boosted partisan hot air to...
Aug 2, 20243 min read
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