Three Points About Today’s Trading
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Inflation
Japan is in Trouble – US Treasury Department Trying to Catch up to Them
DKI has been speaking and writing about the financial issues facing Japan for more than a year. When interest rates were ultra-low, Japan took on massive debt totaling approximately 260% of GDP. That crushing debt load should have caused a financial collapse, but didn’t due to the lowest interest rates in recorded history including trillions … Read more
3Q GDP up 4.9%
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Powell’s Done and It’s Too Late
Fed Chairman, Powell, spoke today. During his talk, the market went up, then down, then back up before finishing down big. For those of you who are retro video game fans, this was the market version of the Konami Code. During his speech, Powell indicated the Fed was done hiking rates for now. As always, … Read more
The Bond Vigilantes Have Arrived
This piece was originally published on October 12th, 2023. For the past two years, the financial world has focused on the actions of the Federal Reserve, wondering when they’d pause rate hikes or pivot to lower rates. While the Fed has an enormous amount of power, they only control the very short end of the … Read more
September CPI is 3.7%
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CPI Preview
September CPI comes in at 3.7% which was above expectations. I’m updating the charts and will have a full update for subscribers this morning. Please check back – should have it done before the open.
Counter-Intuitive Inflation – Epilogue
This is an excerpt from Counter-Intuitive Inflation. We’ll be posting sections over the first two weeks of October. Epilogue: There’s no avoiding the fact that US government liabilities are already at a level that can’t be paid, and Congress is going to continue spending us further into bankruptcy (super-bankruptcy?). I want to provide some clarity … Read more
Counter-Intuitive Inflation – Conclusion
This is an excerpt from Counter-Intuitive Inflation. We’ll be posting sections over the first two weeks of October. Conclusion: Right now, the Federal Reserve is doing the right thing. Inflation is a long-term problem, and sticky services inflation combined with rising energy prices mean the disinflation story is dead for now. Raising interest rates is … Read more
Counter-Intuitive Inflation – The Question I Can’t Answer is Timing
This is an excerpt from Counter-Intuitive Inflation. We’ll be posting sections over the first two weeks of October. The Question I Can’t Answer is Timing: I think we can all agree that as we close in on $250 trillion of obligations that this can’t possibly be paid. There is no level of taxation or asset … Read more
