breakout to the high side and with the back drop of geo-political tension all over the globe it is a good thing the American Sheeple are learning to live without, on less, and drive less on vacation if they get one at all. The fact that new major oil discoveries are nil and that the cost to extract is getting ever higher we are very "lucky" so far that a major spike has not yet occurred to put the final nail into the 5 year recovery. Of course with so many "side agreements going on between trading partners to get out of the Fiat currency USD basd on nothingness and backed by the full faith and credit of your local print shop, well, we can all sleep well at night. Better fill the tank, just in case.
the howling of Wall Street shills that the economy is back, the FED ain't buying it, main street ain't buying it, the longer term 10-30 year bond market ain't buying it. The fact that the Fed refuses to raise short term rates to help out savers results in miss allocation of capital formation and distorts the Yield curve by keeping it artifcially steeper than it should be in a free market economy and preventing true price discovery and making the next crisis much bigger than the little bubbles that we on main street find so charming. Yep, it must be really bad, 5+ years into the "recovery" and still no liftoff. Got a match?
volumes keep decreasing, Yellen keeps baking, banks keep leveraging, Putin keeps growing, Odumbo keeps lying, Sheeple keep eating, Illegals keep coming, debt keeps increasing, world keeps fighting, stocks keep rising, yep the stench is up to my eyeballs...
With U.S. rates higher than those of major foreign markets, investors are provided with an additional reason to look favorably on increased investments in the long end of the U.S. treasury market. Additionally, with nominal growth slowing in response to low saving and higher debt we expect that over the next several years U.S. thirty-year bond yields could decline into the range of 1.7% to 2.3%, which is where the thirty-year yields in the Japanese and German economies, respectively, currently stand.
Van R. Hoisington
Lacy H. Hunt, Ph.D.
F1 & F2 are making lower highs and lower lows and the contango is shrinking markedly. It won't take much at this point to blow up the front month. We are historically long overdue for the reversion in this chart.
Too bad as the curve is in better shape. Yesterdays early action in the spot took out the slack in the front month (PokeY taking one for the team), the later day action with PoKEY up 19% showed the promise when stars are in alignment. I am not defending the inherent flaws in the product as a real Spot VIX instrument I would welcome, but really, Pokey incorporates the futures as well so it is under performing the spot on short term news events. My point is we are beginning to see the rapids approach and we are long overdue for a corrective phase. Those who are patient will be richly rewarded. Cheers to you my cautious curmudgeon.
fast approaching now on the back of FED withdrawing support. Geopolitical tensions are icing on the cake. Bon Appetit
Talking Bobbleheads in Lamestream media continue to hype over ripe market. Due the the extreme length of the current run up, except a sharp reversal to level the playing field. Don't expect the Fed to stick save this one for awhile. They will enjoy the show and step in as a last resort. Training wheels coming off in the Summer of Woe. November elections gonna be a rout for the Dems as the soon to be lame duck ushers in another Bear Market.
getting ready to set it on fire with the Sheeple inside praying to the Golden Bull