Recent Posts - page 2

  • TSP in the Age of Wealth Extraction

    Don’t get extracted!

  • TSP Charts: Quicklook 13 March 2019

    Is the market’s bounce prior to working off over-bought conditions related to OpsEx week?

  • TSP un-millionaires

    My guess is many TSP millionaires will continue to do what they did to become millionaires – buy & hold. And at some point, they will never be TSP millionaires again. Why do I think this? Many reasons, but let’s… Read More ›

  • Doug Noland: Dudley on Debt and MMT

    December’s market instability and resulting Fed capitulation to the marketplace continue to reverberate. At this point, markets basically assume the Fed is well into the process of terminating policy normalization. Only a couple of months since completing its almost $3.0… Read More ›

  • Doug Noland: No Holds Barred

    The world is now fully embroiled in a most precarious period. I wonder if the Fed is comfortable seeing the markets dash skyward – the small caps up 16.4% y-t-d, Banks 15.9%, Transports 15.2%, Biotechs 18.5% and the Semiconductors 17.0%…. Read More ›

  • TSP Charts: Rant Time

    So why does the market not care about crashing profits? Because profits and the economy have not driven this bull market. Just the opposite. Bad news often sends the markets surging. Why?

  • Doug Noland: Delusional

    … deflation is a fateful consequence of bursting Bubbles – Bubbles inflated in the process of central bankers fighting so-called “deflationary forces.” Now, after thirty years of unending global Credit growth, activist central banking and egregious financial speculation, Bubble risk has never been so great: “The amazing lurch toward recession” and financial dislocation specifically because of a failed experiment in QE and inflationist monetary management.

  • Doug Noland: No Mystery

    Yet with global markets in a synchronized rally, one easily assumes the Fed and central banks have again worked their magic. Stability has engulfed the world. Nothing could be more detached from reality.

  • TSP Charts: Patience Please

    Most of the major indexes look precarious. They look like they jumped back up and are hanging on by their fingertips. Can they pull themselves up through resistance or will they retest their lows? We’re watching all the signals.

  • Doug Noland: Monetary Disorder 2019

    Serious illiquidity issues were unfolding a small number of trading sessions ago, as equities and fixed-income outflows – along with derivatives-related and speculative selling – began to overwhelm the marketplace. Fed assurances reversed trading dynamics. De-risking/deleveraging has, for now, given way to “risk on.” A powerful confluence of short covering and risk embracement (and leveraging) has acutely speculative markets once again perceiving liquidity abundance and unwavering central bank support.