Arbitrage

Zero Hedge: https://www.zerohedge.com/crypto/microstrategy-selling-600-million-bonds-acquire-additional-bitcoins MicroStrategy Is Selling $600 Million In Bonds To “Acquire Additional Bitcoins” With Bitcoin surpassing $50,000 for the first time this morning, Business intelligence and mobile software firm MicroStrategy has announced it intends to sell bonds and use the net proceeds to “acquire additional bitcoins.” In the last few weeks, MicroStrategy has been addingContinue reading “Arbitrage”

Knock Knock Knockin’ On Inflation’s Door

Brian Wesbury, Advisor Perspectives: https://www.advisorperspectives.com/commentaries/2021/02/08/the-return-of-inflation Combined, Americans saved about $2.9 trillion in 2020, more than doubling the previous record high of $1.2 trillion in 2018. As of the third quarter of 2020, the amount Americans held in checking accounts, savings accounts, time deposits, and money market funds was up $2.8 trillion from the year prior.Continue reading “Knock Knock Knockin’ On Inflation’s Door”

The M2 Is All You Need to Know

Alistair Lacleod: From last March until today, we can see a total of $8 trillion worth of QE (money printing) required to pay for all the programs, and that includes Biden’s $1.9 trillion, which I know has not been authorized—yet.  The figures are enormous.  There is absolutely no way that the dollar can hold itsContinue reading “The M2 Is All You Need to Know”

Home Prices Soar At 4.5 Times The Fed’s Inflation Target In All US Cities

Tyler Durden (ZeroHedge): Well, here’s an idea: maybe all the central-planning megabrains at the Marriner Eccles building and 33 Liberty Street can take a break from whatever circle jerk they are engaged in right now, and look at the latest Case Shiller numbers which showed not only that home prices surged at the fastest pace inContinue reading “Home Prices Soar At 4.5 Times The Fed’s Inflation Target In All US Cities”

“The final outcome of the credit expansion is general impoverishment.”

Ludwin von Mises, “Human Action” The Ruling Junta installed by The Party has been quite busy: Rejoined the Paris Climate Accord which promises to raise US energy prices with no impact on climate Rejoined WHO after they allowed China to export a virus that killed over 2 million people and crashed the US economy TerminatedContinue reading ““The final outcome of the credit expansion is general impoverishment.””

Gonna Party Like It’s 1999

Here’s The Contrarian on the current asset bubble we’re in: The U.S. stock market and U.S. bond market are historically overpriced, and real estate is at the high end of the valuation scale too. Starting valuations are so poor that seven-year real return forecasts are direr than they were even in 2000 and 2008. InContinue reading “Gonna Party Like It’s 1999”

Inflation News

Your money is worth less by the amount the Fed expected. Per ZeroHedge: The final print actually matched expectations, rising 0.4% MoM (vs +0.2% MoM in November) pushingthe YoY print for the headline CPI up to +1.4%. This is the seventh straight rise in consumer prices. But, when you get into the details, it’s lookingContinue reading “Inflation News”

Inflation Ahead?

Per MorganStanley, five factors will drive inflation: 1. First, private sector risk appetite has experienced limited scarring: As we have argued at length, the pandemic was an exogenous shock. Policy-makers were unfettered by moral hazard concerns and had little hesitation about underwriting household and corporate income losses to an unprecedented degree. In particular, while unemployment costContinue reading “Inflation Ahead?”

Inflation Ahead? Or Is It Already Here?

Here is the M1 – the most liquid of all measures of the USD money stock. Note the growth during the Obama years following the Great Financial Crisis. Slowed a bit under Trump. But relentlessly grew faster than the economy. Until CoVid hit when the M1 exploded. Until November 2020 when the M1 went hypersonic.Continue reading “Inflation Ahead? Or Is It Already Here?”