The chart below shows the S&P 500 rally since March 23. This has coincided with: 1. A deep worldwide recession, 2. Continued US earnings decline over the last 18 months, 3 Forward expected earnings falling back down to 2017 levels, As a result of this...
Archives | Month: May 2020
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Creditism Crisis Deepened By Covid Catalyst
https://charleshughsmith.blogspot.com/2020/05/globalization-and-financialization-are.html I believe the chart above shows how our financial system morphed into creditism from the late 1960s to the early 1980s, and then financial assets took off. ‘Here's what's...
All Currencies Have Been Devalued or Died
“All Currencies Have Been Devalued or Died” Ray Dalio "There are only a few times in history when M2 growth exceeded real output growth over a 5-year span by the same or a faster pace than is currently the case: the inflationary periods of the 1970s–80s and the late...
Opportunity From Regime Change
https://twitter.com/epomboy/status/1255520425595088901 In my view, this is a picture of a failing financial system. What little growth there has been since 2008 has been driven increasingly by debt. However, monetary velocity continues to plummet. The Fed is having...
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