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Chris and Evie on the Tucker-Putin Interview

Let’s watch and digest the biggest news event of the year together! The Tucker-Putin interview has already sent the SPR-draining, border migrant invading, Ukraine-funding crowd into a complete tizzy. Maybe we can add to their discomfort…

Chris and Evie on the Tucker-Putin Interview

by Chris Martenson

Fleeing Japan and a General Confidence Collapse

PREVIEW

by davefairtex

There’s always “flight to safety” (in advance?) out of Japan and it may be signaling something important is happening in the Pacific. Meanwhile, confidence in the WEF is collapsing.

Fleeing Japan and a General Confidence Collapse

PREVIEW by davefairtex

There’s always “flight to safety” (in advance?) out of Japan and it may be signaling something important is happening in the Pacific. Meanwhile, confidence in the WEF is collapsing.

New High for the 10-year, SPR drain resumes, and a Vax-Damage #MeToo

PREVIEW

by davefairtex

Banking trouble is dead ahead. Also, how much of the “recession-resistant” spending we are seeing actually came from “early payouts” for the various life insurance policies for our vaxxed-and-disabled/deceased workforce?

New High for the 10-year, SPR drain resumes, and a Vax-Damage #MeToo

PREVIEW by davefairtex

Fed Pauses, 10-Year Breaks Out, & The Vax Damage Trade

PREVIEW

by davefairtex

As the “markets guy”, my job is to ask: “So what’s the trade?” Consider banks. Given how shaky the banks are right now given the 500 bp move in yields that has caused all those “unrealized losses,” then add to that these banks most likely force-vaxxed their employees. How do we think that might play out? But this won’t just hit the banks. It will hit a wide range of corporates and ultimately confidence in government.

Fed Pauses, 10-Year Breaks Out, & The Vax Damage Trade

PREVIEW by davefairtex

Bank Credit Goes Negative, Scaring the Monkeys

PREVIEW

by davefairtex

There are 8 billion monkeys, and the bosses are desperate to keep the monkeys dancing. So they feel they have to keep killing more chickens to keep the monkeys in line. The parable works with 1 boss and 1 monkey, but that’s not reality. As this continues, the monkeys are slowly starting to figure out the game. At some point, the monkeys will look around and realize just how many monkeys and just how few bosses there actually are.

Bank Credit Goes Negative, Scaring the Monkeys

PREVIEW by davefairtex

Get Ready, Because Everything Has Changed.

PREVIEW

by Chris Martenson

Welcome to Episode 56. This is a BIG one. Possibly. How has China been wooing everybody of late? From getting Saudi Arabia and Iran to play nice and reopen diplomatic relations, to getting Syria back in the Middle East fold, to now getting France via Macron to suddenly shift his tune. What is Xi saying…

Get Ready, Because Everything Has Changed.

PREVIEW by Chris Martenson

Fed Raises Rates +25 bp; The Safety System Works

PREVIEW

by davefairtex

We had a market two-fer this week: first, Powell Press Conference Wednesday, followed two days later by Payrolls Friday. First, Powell Wednesday. The Fed raised rates by the expected 25 basis points (bp) (+0.25%). I reduce an hour of press conference down to five bullet points: We need substantially more evidence that inflation is on…

Fed Raises Rates +25 bp; The Safety System Works

PREVIEW by davefairtex

A Gold Divergence; Post Vaccine-War Impact Incoming

PREVIEW

by davefairtex

We had four economic reports this week: Personal Income (PI): +0.22% month over month (m/m) [+0.26% month over m/m prior]; Slowing, negative. Durable goods, New Orders (DGORDER): +5.33% m/m, Shipments +0.50% m/m. Positive. Median New Home Sales Prices (MSPNHSUS): -16.9k m/m, New Home Supply: -0.2 [to 9 months]. Negative (for housing). GDP: +1.56% quarter over…