Crude oil is getting more expensive again. The chart to me looks very, very strong. I still think we have a shot of 80 dollars a barrel crude before the end of the year
and then north of a 80 dollars a barrel next year especially when the US Dollar rolls over. If you think about how strong crude oil prices are today with the US Dollar strong, imagine how much stronger oil prices will be tomorrow when the US Dollar is weak.
Sep 13, 2018
Sep 12, 2018
10-Year Treasury Yields Can Explode Higher At Any Time
Interest rates are going up, in fact the yield on the 10-year Treasury today was up I think 40 basis points to 2.98 percent. So, we're almost at 3 percent right now in the 10-year. The chart though to me looks like we can explode higher up to three and a half four percent almost any time.
Sep 6, 2018
The Last Time We Had A Trade Deficit This Big...
The
last time we had a trade deficit this
big was 2008 which of course was right
before the financial crisis and Great
Recession and it probably is no
coincidence that were having such large
trade deficits again probably on the eve
of what will be an even greater economic
recession than the one that we had in
2008.
Sep 5, 2018
The Bear Market Can Start At Any Minute
In a recent tweet, Peter Schiff drew a parallel between the current market and the tech bear market that started in 2000:
"The Nasdaq had the biggest gain last month since the year 2000. But do you recall what happened in 2000? The Nasdaq – it declined approximately 80 percent from peak to trough."
When asked when the bear market would start, peter Schiff replied:
"It’s long overdue. It can start at any minute … But people are oblivious.”
Related trading instruments: Nasdaq 100 Futures, Nasdaq 100 Index ETF (QQQ)
Sep 3, 2018
We Will Have Inflation And Recession At The Same Time
In a recent podcast, Peter Schiff warned us that we should be prepared for inflation and recession to his us in the face and at the same time.
Aug 31, 2018
Markets: Currency Crisis
If countries with current account deficits are experiencing a currency crisis, how long before the nation with the world's largest current account deficit experiences one too?
What's worse is that while other nations borrow to fund capital investment, the U.S. borrows to consume!
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