Happy New Year, or other Pagan festival of your choice!
Here is the game being played by Treasury, the FED, FCBs, and the political uberclass. It can only end in tears.
Japan has huffed and puffed and inflated debt to GDP to a possible 200%, to no avail. Take warning those who believe that the FED can reflate a multi-trillion dollar hole in the balloon. Here is one take on Japan’s latest efforts as they try once again to push through the burning forest.
Here is what, for now, is the definitive over-kill of charting [...]
Household ownership of equities as a percentage of total assets is falling, even with the drop in housing prices. However, it is not yet at the cyclical low. Either all other assets will go up in price (notice that I don’t say value), or equities will fall in price. At the same time, bond ownership as a percentage of total assets is at a cyclical high – with rates at their generational lowest. If interest rates rise, then housing prices and bond prices will fall, which means that equity prices could fall even more- IF the %equity cycle is going to play out as in previous generations. You can see all sorts of other sectors analysed as well [...]
MD/CD here and at your service (ha!)…
I’m decompressing a bit more this week than previously planned. But, my PDA is working well out in the California desert and should my market life begin flashing before sand-filled eyes, I wont miss much.
If you haven’t seen it, check out today’s comments from hedge fund manager Eric Sprott here. I’m not going to agree that the price of gold plows to ever-heights (it may, it may not), but I do agree the market is likely about 10 years into a long, drawn-out bear market and his point about Fed programs ending in March and the impact of either doing nothing more, or of printing ever [...]
By the pricking of my thumbs, something wicked this way comes. It is the end of the year. Most people are hibernating for a week or two. Our financial and political uberclass are rearranging the fiddles on the burning titanic.
And China is determined to help the Banksters keep the party going.
There has been over a year of unending and [...]