Credit Exhaustion Is Global

"Qualified buyers don't want to borrow more, leaving only the unqualified or speculators seeking to save a marginal bet gone bad with one more loan (which will soon be in default)..."

  • Feb 18, 2019 8:20 PM

The CTAs Are About To Stop Buying: What Happens Next

According to Nomura's quant team, based on past behavior of systematic trend following algos, the Japanese bank expects CTAs to preventatively take profits on long positions sporadically starting around 26 February.

  • Feb 18, 2019 7:34 PM

A Return To Sound Money: Echoes Of 1929 & The Threat To 'Unbacked' Currencies

"...the similarities between the current economic situation and that of 1929, and the threat to today’s unbacked currencies, are ominous... economic salvation can only come from ditching today’s macroeconomic theories and by returning to monetary stability through credible gold exchange standards."

  • Feb 18, 2019 6:00 PM

"The Future Ain't What It Used To Be"

"In the long run we’re not all dead.  Some of us are still here, living with the consequences of the shortsighted economic policies of dead economists..."

  • Feb 18, 2019 3:10 PM