On my social media, and on my blog, I speak about the new western central bank mandate. Historically, when PRIVATE central banks were created, their mandate was the be the lender of last resort. This mandate morphed when central banks began having a more influential part in economics due to a shift from classical economics, … Continue reading Modern Central Bank Mandate: Keep Assets Propped Up.
Just yesterday, March.26/2019, the Royal Bank of New Zealand not only continued the dovish tone of central banks in the west, but actually admitted that the next move will likely be a CUT. We are at that point. I warned that in March time we will see central banks admitting there will be no more … Continue reading RBNZ becomes first western Central Bank to capitulate.
Cryptocurrencies was a huge mania from the end of 2017 to early 2018. Was a great time to study the aspects of a mania, so the next time one comes around, I will be prepared. These mania's happen quite frequently. Many people say they are bullish because of the technology, but to be honest, the … Continue reading My thoughts on Cryptocurrencies.
If you follow my blog or my social media, I have stressed the importance of the bond market. It is the dog that wags the tail and tells us where stocks will go. The debt market is the largest market in the world, and when problems arise, it will happen because of debt. After the … Continue reading Federal Reserve Capitulates, Bond Market Drama.
Boeing, Boeing and more Boeing. That pretty much sums the past week. Two Boeing 737 MAX crashes, prompted questions over the airworthiness of these planes. To a point where flyers actually cancelled their flights as they checked the plane they were going to fly pre-flight. As of today, it seems there is a software upgrade … Continue reading Boeing stock, China deal deadline? And big economic week ahead.
Recently President Trump has been vocal on OPEC and not cutting production to boost oil prices. Well, OPEC today stood by the cuts which will last until June 2019. Oil companies took on a lot of debt when Oil prices crashed in 2014, and recently as oil prices began to fall again, a lot of … Continue reading OPEC cuts and Game Theory
US February jobs were expected at 180k new jobs...actual data print came out at 20k. Larry Kudlow was quick to say these numbers were fluky and that we should just ignore them... Imagine if the data print came out positive...what would Mr. Kudlow be saying. Seems like we cannot be told the truth. Financial media, … Continue reading “Ignore the bad jobs data”- Larry Kudlow. Jobs data is “fluky”