THE “TRANSITION STAGE” IN THE ROAD TO A FIAT CURRENCY FAILURE STAGE I: SLOWING REAL RATE OF GLOBAL ECONOMIC GROWTH Unsound Money & Fiat Currencies (Illusion of Money) Mispricing of Risk (Monetary Bond Policies: QQE, QE, TLTRO) Loss of Price Discovery (Monetary Short Rate Liquidity Policies) STAGE II: IMPAIRMENT OF CAPITALISM Distortions Create Fragility Investment […]
WORLD DOLLAR LIQUIDITY CRASHES AS DOES MARGINAL UTILITY OF DEBT Lacy Hunt at Hoisington Management has another sterling post in its third quarter review and outlook. Here are some snips from the latest Hoisington Management Quarterly Review by Lacy Hunt. World Dollar Liquidity The Fed’s balance sheet constriction reduced world dollar liquidity, which is defined as the […]
CYCLES: MORE THAN JUST A POST WWII ECONOMIC PROBLEM One of the best cycles experts is Harry Dent. The following two charts are from his work. I interviewed Harry a couple of years ago and I encourage you to review the podcast / transcript and charts. The discussion is even more salient today as the […]
THE BOJ LEADS THE WAY IN MARKET MANIPULATION MATASII RESEARCH ANALYSIS & SYNTHESIS: The BOJ’s estimated aggregate ETF balance totals 29 trillion yen (about quarter trillion dollars), which is equivalent to nearly 5% of the market capitalization on the TSE’s first section. REPORTED FACTS: Overseas investors dumped the most Japanese stocks in 31 years in […]
THE ADVANCING WORLD STOCK MARKETS ARE ALSO DEVIATING FROM MACRO SURPRISES! MATASII RESEARCH ANALYSIS & SYNTHESIS: Many believe that the US market Rally and its deviation from Macro Surprises is a US Market Concern. In actually fact we have a World Stock Market Rally also ignoring the realities of Macro data! The “Jaws” (similar to […]
DRAMATICALLY DETERIORATING GLOBAL EPS GROWTH FORECASTS — MATASII RESEARCH ANALYSIS & SYNTHESIS — 4% Global EPS growth forecast in 2019, Down from 24% in 2018 The US economic cycle is set to become the longest in history in July 2019; but US, Eurozone & Chinese growth has repeatedly struggled to exceed expectations. The inability of […]
GLOBAL DEBT TOPS $244.2T, CRITICALLY EXCEEDING 3X GLOBAL GDP — MATASII RESEARCH ANALYSIS & SYNTHESIS — As of Q3 2018 global debt equaled $244.2T, equivalent to 318% of world GDP. This is nearly 3X Global GDP. While debt is at a record high, interest rates are close to record lows (via Financial Repression) which […]
GLOBAL CENTRAL BANK BALANCE SHEETS REACTED TO THE Q4 MARKET TURMOIL A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS & PUBLIC ACCESS) READERS REFERENCE MATASII SYNTHESIS: We are starting to get the evidence regarding central bank balance sheet activity beginning after the October 4th, 2018 market volatility began. Clearly the Central Bankers reacted and are still reacting. […]
MAJOR TREND IN INVESTOR MONEY FLOWS SINCE THE FINANCIAL CRISIS — SOURCE: 09-14-18 – “This Is Where Investor Money Has Flowed Since The Financial Crisis” — In the decade since Lehman’s failure, investors – many of whom were replaced by algos, robots and other “passive investing” allocating automatons – have been plagued by doubts about […]
AMAZON, MICROSOFT, APPLE & NETFLIX ACCOUNT FOR 84% OF 2018 S&P UPSIDE — SOURCE: 07-02-18 ZeroHedge – “Amazon Alone Is Responsible For More Than A Third Of The S&P’s Return This Year” — Whether it is capital inflows that cause stock outperformance, or rising stocks leads to investors chasing upside is one of those perpetual […]
