Recent Posts - page 3
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TSP Smart: Bear Market Rally Top?
This dynamic has become all too familiar: when instability turns sufficiently serious, markets instinctively anticipate dovish central bank policy responses.
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TSP Smart: The Soft Pivot & The Everything Squeeze
And if the recent loosening of financial conditions has been spectacular, just wait until the next de-risking/deleveraging-induced tightening. Let’s call it what it is: Epic Monetary Disorder.
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TSP Smart: Crazy Talk
Reliance on some “neutral rate” to calibrate monetary policy is deeply flawed doctrine. The Fed’s assumptive 2.5% neutral rate may have seemed reasonable during the recent “Risk Off” backdrop. In the current squeeze rally environment, however, it is Indefensible – or, in the words of Mohamed El-Erian, “comical.”
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TSP Smart Rant: What Top vs Bottom Means
The billionaires own the media on the Left and Right. Don’t expect to read much about their real agenda in the news until it is too late.
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TSP Chart: Quicklook 1 August 2022
July’s positive seasonal tendency is behind us. August’s negative seasonal tendency is upon us.
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TSP Smart: Nowhere to Run
If your financial adviser is not talking about the this or including it in allocation advice you might need a new advisor. It is a new investing world.
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TSP Smart: The Greater Financial Crisis Emerges
Crisis Dynamics are now overwhelming the “Periphery.” Things are “breaking.” “Hot money” is exiting China and EM, spurring a self-reinforcing dollar melt-up speculative dynamic.
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TSP Smart: Until Something Breaks
At this point, I doubt the unfolding global liquidity crisis can be contained. And I wouldn’t be surprised if an intense bout of global de-risking/deleveraging erupts between now and the Fed meeting.
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TSP Charts: Quicklook 4 July
F B does not like my analysis? I’m reposting this because F B algos had issues with the images but would not say what and there is no one to talk to. I deleted one image.
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TSP Smart: Pondering Modern-Day Runs
Market upheaval has turned systemic. No place is safe. And the Runs have commenced.