Category Posts

People call me a perma-bear because I never change my narrative of inevitable implosion. Everyone always wants to know, when is...

What comes next I call full Japanification. What we've had since 2009 was merely a partial Japanification of markets. Under full...

We are at that point in the cycle in which lagged economic signals show lingering end of cycle inflation mixed in with widely ignored...

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...

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...

This is a special market update. I've shown many charts here and on Twitter comparing the similarities and differences between this...

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...

Since Weekend At Biden's abruptly ended two weeks ago, hysteria over the latest "existential" election has boosted partisan hot air to...

It's the peak of summer and one of the busiest weeks for financial markets of this entire year. Tonight (Wed. Japan), the BOJ will likely...

It's apparent from my collapsed Twitter stats that very few people see this coming. Hence for the title of this blog post I went with...

For the past three days the market rallied in the morning and imploded in the afternoon, which is classic bear market action. This...

What follows are my philosophical musings on this new permanent plateau of moral hazard. I begin at the macro-level by repeating that...