Commodities are up across the board, oil up >3%, gold up too. All equity markets (that I can see) are green, and all sectors too. Bond yields are imperceptibly lower. People are getting excited about a few bp increase in the 30-year yield. I think we should wait …
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Richer Report gives examples how ZIRP and fiscal suppression is going to do to the residential housing market what it has already done to equities and many other asset classes. Stockman is the first person to warn about this trend. You can read some of his stuff here …
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Trump is trying to row back his threat to abandon talks on stimulus measures with the Dem-controlled Congress. Markets went up. As always.
Kamala Harris & Mike Pence had a dull debate. The polls seem to think that Trump is doomed. I wouldn’t write off the brute yet …
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I have to feel relatively awake and able to concentrate, but when those conditions are fulfilled I like nothing better than to listen to an episode of Macro Musings with David Beckworth. He’s on the fairly obscure podcast app that I use, so yours will almost certainly …
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When the Covid recession started, people started wondering what the recovery would look like. The recovery from the Global Financial Crisis in 2008 was horribly drawn out, and in fact GDP took longer to recover than it did in the Great Depression of the 1930s. How Bernanke, Yellen & Co …
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Kuppy has been keen on tankers for a long time.
Another strong risk-on day. Trump leaves hospital, Pelosi talks about stimulus packages, the trade deal is on (again?), CL1 jumps 6.2%. All agricultural commodities green, with the exception of corn, which is flat …
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The news has been totally dominated by these events. Real market forces seem not to matter.
I listened to Kuppy on The Market Huddle. He was waxing lyrical about $JOE (St. Joe Company). This is a small cap stock that has done …
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Given that the media have been obsessed with the presidential election, and with covid, it’s not surprising that a story which combines the two is popular.
Equities: generally down, except Mexico & the UK. It’s not often that those two markets move together against the …
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Goldin Financial Holdings experiences creditors seizing assets. This huge chunk of real estate is on sale at a 34% discount to book value (as of nine months ago). Can this be the top of HK real estate? The coup by China, the deteriorating state of …
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This article explains why without all that spare capacity running (mainly) overnight to charge battery electric vehicles (BEVs), electric utilites are going to really struggle. The article is about California, but it seems to me that where California is now, the …
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