Category Archives: Investment outlook

Wolf Richter: Oh Lordy, Yellen Comes Out for Higher Interest Rates: “A Plus for Society’s Point of View and the Fed’s Point of View”

“We want them to go back to” a normal interest rate environment.

SoftBank-Funded Silicon Valley Unicorn Katerra, Which Was to “Transform” the Construction Industry, Collapses

Katerra, one of the rare unicorns with a real or at least plausible business, fell to Covid. Lawsuits will fly.

Federal Judge Nixes Proposed Monsanto Glysophate Settlement, Deepening Black Hole for Bayer

More on the well-deserved Monsanto litigation world of hurt.

Crypto Crackdown: Only the Beginning?

If you think the officialdom is getting tough with crypto, there’s even more they can do to tighten the screws.

Known Stock Market Leverage Hits WTF High. Out the Other Side of Its Mouth, the Fed Warns About Hidden Leverage that Blew up Archegos

Stock margin debt is the visible tip of the iceberg of leverage, and it has been growing at a zoo-has-gone-nuts rate.

We Really Do Need to Rethink the Economics of Saving, Most of Which Is Nonsense

Savings plays an important role in household management (or does when the household isn’t desperate), yet economists don’t get it.

The Corporate Food Takeover

Corporate ownership in many sectors of food production has risen and is set to increase further. Another rentier program well underway.

California Judiciary Committee Gives Blistering Assessment of CalPERS’ Fiduciary Duty Failings in Analysis of Fraud-Friendly Private Debt Secrecy Bill

The Judiciary Committee’s analysis of a CalPERS-sponsored bill shows that Sacramento is noticing the fund’s chicanery and incompetence.

Inflation in the Aftermath of Wars and Pandemics

Challenging the conventional wisdom that government responses to Covid will generate inflation.

QE During the “Everything Mania”: Fed’s Assets at $7.7 Trillion, Up $3.5 Trillion in 13 months

Trying to make sense of what the Fed is up to.

We Have to Consign the Era of Financial Engineering to History

Financial legerdemain is still very much with us, despite the Big One in 2008 and continuing distortions confirming its high cost.

Ponzis Go Boom!!!

The SPAC market is in the process of detonating and it will take the Ponzi Sector with it.

Rising Temperatures, Melting Ratings

Taking a stab at how global warming will affect bond ratings in the intermediate and long term.

Stock Market Leverage Spikes in Historic Manner: Another WTF Chart of a Zoo that Has Gone Nuts

In an investment environment where nothing matters anymore – until old fasioned worries like leverage suddenly do.

RIP Gold. Killed by Bitcoin

Inflationistas have abandoned gold and moved on to a new fetish.