Public Finance U

Currencies, Oil, gold, stocks and bonds. Everything is in flux at the moment and markets have the feel of being ‘toppy.’ Things could get really bumpy over the next few months.

What an we trust anymore from or government. It turns out the consensus is “very little.” Well, we still have to make decisions and carry on with our lives, which makes your team and information sources more important than ever.

We’re at one of those weird moments in time.  When everything has an odd flavor about it and our starting point is that everything from the government is a lie until proven otherwise. Can we trust even the most basic of data anymore?  If the BLS ‘fibs’ about the McJobs report each month, then why…

The “markets” are busy shaking themselves apart on the one hand and being propped up and rescued by central banks on the other.  Which force will prove to be greater over the next few months?

An attempted assassination. A Democratic coup. Kamala wasn’t the border czar. Conservatives are “weird.” And a bizarre opening ceremony at the Olympics in France. We live in crazy times, right? But the markets just shrug these narratives off.

Things are just getting weirder and weirder on the financial and economic landscape. Can they hold it all together until the elections?  If so, how much longer after that? The underlying economic data continues to weaken while the vast bulk of the S&P 500 continues to be held aloft by an ever-shrinking pool of behemoth…

There’s no path back to monetary sanity. That means more printing and more undeserved rewards to Wall Street insiders while a front of economic despair marches steadily northward through the social ranks.

Watch what they do, not what they say. Stocks are busy telegraphing the signal that ‘all is well!’ while bonds are sneaking out the back door.

The yen slices right through Japan’s defensive line at 160, housing sales slump as prices make one last push into truly insane territory and the equity “”markets”” are not behaving as if they are tethered to either economic data or geopolitical risk.