Category Archives: Economics

4-Warnings For The Bull Market

Written by Lance Roberts | Sep, 21, 2017

When I was growing up my father, probably much like yours, had pearls of wisdom that he would drop along the way. It wasn’t until much later in life that…

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Chasing the Dragon

Written by Michael Lebowitz | Sep, 20, 2017

“There is no other agency of government which can overrule actions that we take.”  – Alan Greenspan The Federal Reserve (Fed) currently expects real economic growth for the foreseeable future…

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Weekend Reading: They’re Baaaccckkk!

Written by Lance Roberts | Sep, 15, 2017

I remember the first time I saw the movie “Poltergeist.” It scared the $*#@ out of me, and I slept with the lights on for a month. Recently, I got…

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Everyone’s In The Pool

Written by Lance Roberts | Sep, 14, 2017

With the market breaking out to all-time highs, the media has started to once again reach for their party hats as headlines suggest clear sailing for investors ahead. After all,…

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Written by Michael Lebowitz | Sep, 13, 2017

Recently on our Twitter feed, @michaellebowitz, we introduced the hashtag #fedgibberish. The purpose was to tag Federal Reserve members’ comments that highlight desperate efforts to rationalize their inane monetary policy…

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Weekend Reading: The “Real” Vampire Squid

Written by Lance Roberts | Sep, 8, 2017

First, it was Hurricane “Harvey” and an expected $180 billion in damages to the Texas coastline. Now, “Irma” is speeding her way to the Florida coastline dragging “Jose” in her…

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Consumer Credit & The American Conundrum

Written by Lance Roberts | Sep, 7, 2017

What to do?  This is not as an innocuous question as one might think. For most American families, who have to balance their living standards to their income, they face…

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Consumption Exhaustion

Written by Michael Lebowitz | Sep, 6, 2017

When people use the word catalyst to describe an event that may prick the stock market bubble, they usually discuss something singular, unexpected and potentially shocking. The term “black swan”…

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Yes, You Should Be Concerned With Consumer Debt

Written by Lance Roberts | Aug, 31, 2017

Just recently the Federal Reserve Bank of New York released its quarterly survey of the composition and balances of consumer debt. Importantly, it was the fact that total indebtedness reached…

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How Much Is Too Much?

Written by Michael Lebowitz | Aug, 30, 2017

The amount of monetary stimulus increasingly imposed on the financial system creates false signals about the economy’s true growth rate, causing a vast misallocation of capital, impaired productivity and weakened…

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Weekend Reading: Storm Warning

Written by Lance Roberts | Aug, 25, 2017

No, I am not talking about “Hurricane Harvey” which will likely be the first hurricane to strike the Texas coast since 2008, but rather the potential for another “debt ceiling” debacle…

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Has The Fed Completely Lost Control

Written by Lance Roberts | Aug, 24, 2017

An interesting thing happened on the way to World Domination, uhh, I mean “Stability” – the data quit cooperating with the Federal Reserve’s carefully devised plan. Just recently the Federal…

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A Peak Above All Others

Written by Michael Lebowitz | Aug, 23, 2017

“Valuations are still well below the peak of 1999” say the bulls. They are certainly correct from an absolute basis but we caution that the current level of market euphoria…

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Weekend Reading: Losing The Faith?

Written by Lance Roberts | Aug, 18, 2017

Last week, I penned the following: “Now, you would suspect the possibility of nuclear war might just be the catalyst to send markets reeling, but looking at the market’s reaction…

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The Great Disconnect: Markets vs. Economy

Written by Lance Roberts | Aug, 17, 2017

The general consensus is the rise in capital markets, despite global weakness, geopolitical risks and sluggish employment and wage growth, is clearly a sign of economic strength as witnessed by…

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