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A Vision of Monetary Hell

  … Troubles Our Sleep … It is the vision of what the United States will be like when the authorities have obliterated …

Chile-Bolivia Land Dispute Has Long-Term Implications For Mining and Gas

The territorial dispute between Chile and Bolivia at the Hague could have long term repercussions in the the mining and gas industries. For …

A Mixed Bag Of US Economic Data For May, So Far

How’s that second-quarter rebound holding up? Well, it’s shaky.

When Market Liquidity Takes a Holiday

By José Viñals Financial market liquidity can be fleeting. The ability to trade in assets of any size, at any time and to find …

It Is Mathematically Impossible To Pay Off All Of Our Debt?

Did you know that if you took every single penny away from everyone in the United States that it still would not be …

When Market Liquidity Takes a Holiday

By José Viñals Financial market liquidity can be fleeting. The ability to trade in assets of any size, at any time and to find …

The Most Important Positive Data Of The Year

  Yesterday’s report that housing permits and housing starts both reached post-recession record highs in April was the most important data of the …

Ominous Stock Market Charts

  A Big Dow Theory Divergence We briefly want to show a few charts that have caught our eye recently. This is by …

Is The Stock Market’s 5-Year Return A Useful Proxy For Valuation?

Tobin’s Q, a market-valuation metric, is back in the news, in part thanks to a widely read Bloomberg article. The story, published earlier …

The Definitive Monetary Policy Statement

  To preserve any idea that the US is not heading into recession, the FOMC is now wholly reliant on statistical processes within …

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