Authored by Jeffrey Snider via Alhambra Investment Partners,
When Janet Yellen spoke at her regular press conference following the FOMC decision in September 2017 to begin reducing the Fed’s balance sheet, the Chairman was forced to acknowledge that while the unemployment rate was well below what the central bank’s models view as inflationary it hadn’t yet shown up in the PCE Deflator.
First Appearing on HedgeAccordingly.com
Sixth in a series. Part 1, Part 2, Part 3, Part 4, Part 5
By @sellputs
Seems like everybody wants to buy in on bitcoin, and if you do, brace for a gut-tossing rollercoaster ride and another drawback, as well: Trading costs in crypto are astonishingly high.
Authored by Philip Soos & Lindsay David via RenegadeInc.com,
The original wizard of Wall Street, W.D Gann was a finance trader and wealthy speculator that spent decades investigating cyclical trends in equity market patterns and found that prices could be predicted long in advance. He successfully predicted the crashes in the 1929 and Dot-Com stock market bubbles. And according to his analysis, the US stock market is due for another crash in 2020.
By the SRSrocco Report,
While the U.S. Shale Energy Industry continues to borrow money to produce uneconomical oil and gas, there is another important phenomenon that is not understood by the analyst community. The critical factor overlooked by the media is the fact that the U.S. shale industry is swindling and stealing energy from other areas to stay alive. Let me explain.
It is clear stocks are in a massive bubble based on their Price to Sale (P/S valuation).
What about the economy?
Warren Buffett once famously stated that his favorite means of valuing stock was the stock market capitalization to GDP ratio.
Below is a chart for this metric. As you can see, the stock market today is as overvalued relative to the economy as it was at the peak of the 1999 Tech Mania.