Money Velocity

Why Doesn't Janet Yellen Resign?

"You would think, certainly if you were as naive and innocent as I am, that when you get offered the job of Chair of the Federal Reserve, you must be sure, before accepting, that you have the credentials and the knowledge required. If you don’t, it looks as if you don’t take the job seriously. Janet Yellen, who’s been Chair since January 2014, doesn’t seem to agree."

Is Google Coming For Your Cryptos

The big boys, Apple and Google, are now actively developing a payment API for cryptos to use within their browsers.  This is a double-edged sword and possibly indicates a shift in tax policy.

Are Central Banks Nationalizing The Economy?

"Monetization is a perfect system to nationalize the economy passing all the risks of excess spending and imbalances to taxpayers. And it always ends badly... To believe that this time will be different and governments will spend all that massive 'very expensive free money' wisely is simply delusional."

It's Always Just A Question Of Price

"I don’t buy the idea that Central Banks are incapable of stimulating the private sector to borrow. Like most things in life, it’s just a question of price, and these Central Banker knobs seem willing to pay whatever it takes."

The Man Who Called The Last Bond Bear Market 40 Years Ago Says "Buy Bonds"

74-year-old bond guru Lacy Hunt is among a rare breed in finance today: people who actually traded during a period when bonds continuously lost value. Today, as hints of inflation start to bubble and calling the next bear market becomes the industry’s favorite pastime, Hunt says no, "I’m still long bonds, especially the long-end."

Dave Collum's 2016 Year In Review - "And Then Things Got Really Weird..."

"Markets don’t have a purpose any more - they just reflect whatever central planners want them to. Why wouldn’t it lead to the biggest collapse? My strategy doesn’t require that I’m right about the likelihood of that scenario. Logic dictates to me that it’s inevitable..."

The Bears Are Dying: Even Bob Janjuah Turns (Somewhat) Bullish

"The trends over H1 2017 should be higher (especially US) equities and yields, steeper curves, a stronger USD, and mixed performance in credit (especially in the IG sphere) and EM. So for me, most likely over the middle two quarters of 2017, I can see the S&P 500 cash index up at 2450 +/- 50 points, with the Nasdaq weakest and the Dow strongest of the big three US indices."

World Economy Wobbles As Deep-State-Shill Distracts

...but if China can’t sell its products, it can’t afford to buy resources... resource prices plunge... and consumer prices follow, aggravating weak demand with lower prices, falling money velocity... gloom, doom... recession, depression... and worldwide deflation. Then, as the world’s attention is fixed on the sordid business of the U.S. election, with its contest between reality-TV Big Shot Donald Trump vs. Deep State Shill Hillary Clinton, the world economy wobbles.

USA's Day Of Reckoning Looms - "We've Had 2 Warnings, The 3rd Strike Is Game Over"

History shows that once or twice in a generation a global crisis comes along that radically devastates people’s way of life. A fundamental shift so big and drastic and overwhelming that it destroys their standard of living and impacts every area of their lives. We are about to experience one of those events...