Phoenix Capital Research's blog
2008 was caused by derivatives based on consumer-focused assets (houses). The next crisis will be driven by derivatives on government-focused assets (bonds).
When sovereign bonds are mispriced, EVERYTHING is mispriced.
This is what it looks like when a Central Bank loses control.
The Fed Vice-Chair has begun laying the groundwork for NIRP in the US.
Haruhiko Kuroda admitted QE cannot generate GDP growth. Even more astounding, his actions are supporting his words.
Between Japan and Europe, over 20% of the world’s GDP is being managed by a Central Bank with NIRP.
While stocks grab the headlines, there is another far more important crisis for investors to focus on.
Has the market bottomed? Are stocks poised to rally to new highs? Let's find out!
The world has yet to fully digest what is currently happening in Japan.
This is just the beginning. The bond bubble will take months to completely implode. And eventually it will consume even sovereign nations.
A technical analysis update on the markets today.
China’s devaluation will be just the tip of the iceberg as every fiat currency in the world derives a portion of its value based on where the US Dollar trades. What’s happening in China will be rippling throughout the system taking down entire countries/ currencies/ and stock markets.
Investors have yet to realize this because it runs completely contrary to their faith in Central Banks. The illusion of Central Banking omnipotence is so great, that it is going to take months for the world to begin to digest what happened last week.
This is just the beginning. The bond bubble will take months to completely implode. And eventually it will consume even sovereign nations. Globally the bond bubble is $100 trillion in size: larger than even global GDP.
Globally the bond bubble has grown by more than $20 trillion since 2008. Today it is north of $100 trillion, with an additional $555+ trillion in derivatives trading based on it.