Archives | Month: January 2017

"within a few years the world's monetary authorities who are tasked with "financial stability", will have acquired a majority of the world's equity tranche, effectively nationalizing it."   A narrowing of the trade deficit is clearly negatively correlated with rising...

S&P 500 Throws Away The Earnings Connection   Total Tax Receipts Send A Message Last Seen In 2008   The Message Complicates Trump's Growth Strategy   Junk Bonds Throw Away Default Rate Connection   ECRI Explains Why Trumponomics Is Almost Certainly An Illusion  ...

The 3000 biggest US companies have never been more leveraged. Just this fact alone should concern most investors, but, as we have shown in previous notes, its much worse than that because this leverage is happening at a time when: 1. 10 year growth per capita in the...

The great problem with Trump's trade policy is that it conflicts with his 4% growth target. Just on its own the 4% growth target will be challenging enough, as discussed below. However, it seems that there is confusion about the consequences of Trump's trade policies,...