• williambanzai7
    01/25/2015 - 14:27
    A Banzai7 salute to the Greeks for signaling the bankster $hitheads of the world (and their Eurocrat enablers) to shove it where the sun don't shine.
  • Sprott Money
    01/26/2015 - 08:30
    Making New Year “predictions” used to be an automatic, beginning-of-the-year exercise, to the point where readers generally expected such pieces from the pundits they follow. However, it is an...

Phoenix Capital Research's blog

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You Do Not Get Moves Like This Unless Stuff is Hitting the Fan





Something MAJOR is happening in the financial system right now. You DO NOT get 20+% moves in the US Dollar during normal, healthy environments.

 
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The $9 Trillion US Dollar Carry Trade is Blowing Up





The US Dollar rally, combined with the ECB’s policies are at risk of blowing up a $9 trillion carry trade.

 
 
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Draghi's QE Could Be What Pops the $100 TRILLION Bond Bubble





We are much closer to the end of the Central Bank-fueled $100 trillion bond bubble than ever before. This could be the beginning of the end.

 
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The Beginning of the End of the $100 TRILLION Bond Bubble





The fact that Central banks are now openly cutting interest rates to NEGATIVE should tell you how far along we are in terms of funding problems (at these rates, bond holders are PAYING the Government for the right to own bonds). From a baseball analogy we’re in the late 8th, possibly early 9th inning. 

 
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The Financial System Broke Last Week





At this point the current financial system was irrevocably broken. We simply had yet to feel it.

 
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The Next Round of the Great Crisis as Begun





At this point, the writing is on the wall: nothing can be taken for granted.  No assurances or promises or proclamations will hold.

 
 
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Is the Stock Bubble Bursting?





We still have a LONG way to go to catch up with Oil, Copper, and Junk Bonds.

 
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555 Trillion Reasons Why Central Banks Won't Let Rates Normalize





The Fed may raise rates a token amount this year, but the move will be largely symbolic. You can bet there will NEVER be a shock and awe interest rate raise.

 
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Copper Just Marked the End of the "Recovery"





Take note, Copper just broke down out of the massive wedge pattern formed after the 2008 Crash:

 
 
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The Fed is Focused On Only One Thing…the BOND bubble





The Fed likes to claim that it is trying to grow the economy or boost employment, but both claims are false.

 
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The $100 Trillion Reason Why Central Banks Are Terrified of Debt Deflation





All of this makes no sense at all until you consider that ALL Central Banking actions have been focused on one thing: making sure the global bond bubble DOESN’T IMPLODE.

 
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What's Happening in Commodities is Just the Tip of the Derivatives Iceberg





 Globally, there are over $22 TRILLION worth of derivatives trades involving commodities. ALL of these were at risk of blowing up if the US Dollar rallied. And the Dollar is rallying HARD.

 
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The US Dollar Rally Has Crushed Brazil, Australia, and Now the S&P 500





You only get these kinds of moves when the STUFF IS HITTING THE FAN. And this mess has only just begun.

 
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The Bubble to End All Bubbles





To put this into perspective, the Credit Default Swap  (CDS) market that nearly took down the financial system in 2008 was only a tenth of this ($50-$60 trillion).

 
 
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Stocks Are Sporting a REAL P/E of Over 30





Stripped of accounting gimmicks, earnings are overstated by 86%. This means the S&P 500 is sporting a REAL P/E of over 30. So much for the argument that stocks are cheap.

 
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