Posts Tagged ‘Wolf Richter’
Inflation, the American Consumer and Recession
There are signs that the economy is beginning to slouch toward recession. This week, we’ll look at a few of those signs and some events that will have at least some effect on the US economy. Let’s begin with the fact that inflation got hot again in August. I have been repeatedly…
Read MoreCrazy US Treasuries and A US Dollar Forecast
Last week, here in “Portfolio Watch,” I discussed some of the movement away from the US Dollar globally. This week, something else very interesting occurred. There is now a HUGE disparity between the yield on a 1-month US Treasury bill and a 2-month US Treasury bill. This from Wolf Richter (Source: https://wolfstreet.com/2023/04/20/short-end-of-the-treasury-market-goes-totally-nuts-doubts-creep-in-over-debt-ceiling/): Today was…
Read MoreIs This the Future for Stocks?
Stocks staged a strong rally last week on a percentage basis. There could be more upside in this rally that I view as a countertrend, but there doesn’t necessarily have to be. I expect that there is more downside for stocks ahead. Likely, eventually a lot more downside. I have often discussed the…
Read MoreInflation and Deflation Perspectives
Despite last week’s rally in stocks, the highs of mid-November remain the market’s high point. As I have been noting, my long-term, trend-following indicators remain negative. This past week, I began to read the most recent book by James Turk, a past guest on my radio program. Mr. Turk’s book is titled, “Money…
Read MoreDollar Devaluation and a Developing Depression
Stocks and metals both rallied last week; silver was up more than 15%. When discussing the performance of markets, it’s important to remember that market performance is measured in US Dollars. As US Dollars are devalued, markets move nominally higher. Measured in real terms, adjusted for the true inflation rate, markets may not be moving…
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