Resources
What Are Treasuries Saying?
Executive Summary Long-term interest rates, while cycling up and down over the last 35 years, have remained in a downward channel (see [...]
Are Speculators Running Out of Fuel?
Executive Summary The stock market has now become a destination for speculators. The most recent target of the market’s lure has been [...]
What Could Turn Transitory Inflation into Stagflation?
Executive Summary To understand the risk of inflation or stagflation, it is important to know how “money” is created and what is [...]
Growth, Inflation and Rates: Are They All Transitory?
Executive Summary A relatively strong correlation exists between economic growth, inflation and 10-year Treasury yields as can be seen below (first graph). [...]
What Type of Debt Has Been Building, Good or Bad Debt?
Executive Summary In this missive, I will review debt levels and growth of the following types of debt: Federal, nonfinancial corporate, and [...]
How Overvalued is the Stock Market?
Executive Summary This week’s market update is relatively short in words and is composed mostly of charts and graphs of various stock [...]