by Chris Belchamber | Apr 25, 2018 | Notable Articles
No wonder the IMF has been forced to speak up on US fiscal policy. US finances have taken an extraordinary turn in the last year or so, and we are only just beginning to see the effects. 3 charts show clearly the direction this is going. The first chart below shows...
by Chris Belchamber | Apr 10, 2018 | Market Notes
When a credit system fails, debts have to be devalued one way or another. At the core it is a currency system failure. The US trade and fiscal deficits are on the rise again, and as the chart above shows the combined deficits lead the direction of the US dollar. What...
by Chris Belchamber | Apr 2, 2018 | Market Notes
In the table below the performance for all major asset classes was negative for Q1 2018. Data from Orion Advisors This is a rare occurence because usually there are clearer trends in favor of one asset class compared to others. In Q1 2018, however, not only is the...
