As the July 4 festivities gear up in the U.S., I've been traveling and focusing on other parts of the global economy as part of an ongoing hunt for risk/reward opportunities as well as broader risk management themes.
Recently, we reported on Deutsche Bank's headline-making balance sheet risks. We looked as well at the cracks in the ice of Australia's credit woes with regard to residential mortgage and consumer debt, all of which bodes for continued trouble ahead as country after country lines up for a credit cycle domino fall.
Earlier this week I was in London talking to investors about Brexit, which is a political and economic hot potato worthy of its own, separate report as we head closer to the October deadline.
For now, however, I want to turn our attention toward another country close to my heart yet often overlooked by the talking heads on the financial media, namely Canada.
Below we look at the Bank of Japan, the Fed, global central bank tightening, rising yields, currency hedging, and bond market sell-offs. France to Japan Sitting today in the warm sunshine of France, it may seem otherwise odd to be... Read more »
Below, we look at stocks, bonds, central banks, and the inevitable bursting of the market bubbles in which we currently bathe. Drinking Wine Oh, we do live in interesting times… I was chatting with an Australian vineyard owner the other... Read more »
Below we look at blunt reality, market elites and a common-sense case for the gold market . Blunt Is Good The years do teach things the days don’t always notice. The more I navigate among this great, round planet and... Read more »
Below I take a loonnngggg look at…well, just about everything…bonds, bankers and bombast. As the Debt Piles Up, Rates have No Where to Go but Up, and Thus Markets No Where to Go but Down, Eventually… Fists nearly pounding, I’ve... Read more »
Below, we look at deficits, why they matter, and what they portend. Debt is Boring Ahhh debt and deficits. What a boring topic, no? And yet we at Signals Matter keep boring you with it, here, here, and here and... Read more »
Below, we look at the US debt, the Fed, the bloated bond bubble, our debt ceiling, inflation, real estate, interest rates and what may lie ahead for bears and bulls alike at Signals Matter. Things Feel Good, No? Despite record... Read more »
Market Graphs Warning, This Blog Contains Graphic Scenes of Market Violence Below, we look at recent market graphs on debt, sideline cash, Fed stimulus, the VIX and the bond market. Sometimes a picture speaks a thousand words, and the market... Read more »
Bond Risk Bond markets and bond risk are far more relevant today than worrying about politics, tax reform, the next Fed-Chair or even a rising stock market. Below, we explain why. Tax Reform: The Boring Stuff First Tax reform is... Read more »
Negative Yields: The Cruelest Month T.S. Elliot described April as the cruelest month, but if one slides from poetry to history and negative yields, September has its own say in the matter. Historically, September has been unkind to equity investors,... Read more »