Monthly Archives: October 2017

Bond Market Signals A Clear Long Term Warning

One of the most reliable recession signals in history is the Treasury yield curve. The long end of the yield curve is warning of trouble. The 5/30 year bond yield spread has now fallen well below where it was just … Continue reading

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Q3 2017 Review And Outlook

The chart above shows the extraordinary extent of the rally from 2009 both in time and magnitude . The ratio of the S&P 500 to its own volatility, VIX, shows the cycles in a new way. As rallies typically come … Continue reading

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Feudal Financialization

​ Illusions of Prosperity  Astonishing and accelerating income disparity Trump Tax Plan: 2.4 Trillion more debt mainly for the top 1%? More Debt and inequality is the default long term stagnation plan An emerging alternative idea, and in establishment circles? … Continue reading

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