Phoenix Capital Research's blog

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Janet Yellen Believes You Can Get Rich By Going Into Debt





The fact Yellen believes in this stuff is telling. You won’t hear the Fed talk about incomes or jobs because the Fed has no clue how to create either. But asset prices are easy to boost… just spent $3 trillion and you’ll get a roaring stock market.

 
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The Ongoing Tension Between Inflation and Growth in the People's Republic





 

Will this latest stimulus plan be the one to ignite growth again in the People’s Republic? We’ll see…but given that globally the world economy is slowing again… the odds aren’t good.
 
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The Great Keynesian Lunacy is Finally Beginning to End… For Now





Generally since 1999, and especially since 2008, the financial world has been dominated by Keynesian lunacy. Collectively, Central Banks have cut interest rates over 500 times and printed more than $12 trillion combating a brief 9-12 month period of deflation.

 
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Is Your Fund Manager Equipped to Handle a Bear Market in Bonds?





The bottomline: higher rates are coming… and an entire generation of investment professionals are unprepared for it.

 
 
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It's Official: The Financial System is Build on Fraud and Abuse





This is why Capitalism is failing in the US: because not only is it now clear that the US economy is, for the most part, a rigged game… but that NO ONE involved in the rigging is punished.

 
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The Single Most Important Issue Facing Investors Today





The single most important item for investors to understand is collateral. Specifically, how there is a huge shortage of high grade collateral backstopping the trillions in derivatives trades owned by the TBTFs

 
 
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The Truth About QE and the Fed's "Bailouts"





At the end of the day, everything the Fed has done has been focused on propping up a broken system. Eventually the Fed’s efforts will fail at which point so will the Fed (just as the last two Central Banks in the US failed). 

 
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Why All Central Bank Efforts to Save the System Will Ultimately Fail





Borrowing more money at cheaper rates might provide short-term liquidity, but it does nothing to reduce your leverage in the real world. This is why, generally speaking, all Central bank policy is failing to generate growth: Central Banks can’t really do anything to remedy the situation!

 
 
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Central Bank Have Set the Stage For a Disaster That Will Make 2008 Look Like a Joke





The Central Bank policies of the last five years have damaged the capital markets to the point that the single most important item is no longer developments in the real world, but how Central banks will respond to said developments.

 
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Thanks to the Fed, the Patient Is Now Past the Point of No Return





We believe Fed’s actions would be more appropriately described as permitted cancerous beliefs to spread throughout the financial system, thereby killing Democratic Capitalism which is the basis of the capital markets. Today we’re going to explain what the “final outcome” for this process will be. The short version is what happens to a cancer patient who allows the disease to spread unchecked (death).

 
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The Fed Will Have Few Tools Available When the Next Collapse Hits





Many of the macro drivers in 2007 are in place today (housing bubbling away from median incomes, richly priced equity valuations, excessive leverage in the financial system, etc.).

 
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Are Political Winds Turning Against the Fed?





The popular view concerning the Fed is that it is apolitical. Anyone who considers the timing of the Fed’s actions knows this is false. However, for the vast majority of Americans, including financial professionals, the Fed is thought to be an apolitical entity focusing exclusively on economic and financial matters.

 
 
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The Fed's Track Record: $389,863 Spent For Every Job Created… AT BEST





The Fed likes to claim that its policies are aimed at helping Main Street. Ben Bernanke began this argument when he was still Fed Chairman. Janet Yellen has since taken it a step further claiming that she comes from an “intellectual tradition” that it is important to use “public policy” to “make the world a better place.”

 
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Just What Has QE Accomplished Since 2009?





At this point, one has to wonder, just what is the point of all the Central Banks’ activities? The QE efforts in the US and Japan (two of the biggest in history) haven’t really generated jobs or GDP growth… so just what ARE they doing?

 
 
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The Fed Has Set the Stage For Another 2008-Style Disaster





So…the US economy is allegedly in recovery… the financial markets are fixed… and all is well in the world. But the Fed cannot risk raising interest rates to normal levels because Wall Street has over $12 trillion (more like over $100 trillion) in derivatives contracts that could blow up.

 
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