Executive Summary This stock market boom is different. It is founded not on the growth of prosperity but on sustained and growing monetary repression finding expression so far in a trend rise of ‘hedge premiums’. These, in turn, have fed the frenzy of ‘there is no alternative’ (TINA). Pandemic stock speculation and monopoly profits have …
Executive Summary Main Article Big government wages economic equivalent of world war Armed truces, new enemy offensives and the final peace Pandemic and war test liberty and democracy Optimism in market-;ace about truce and peace Wall Street celebrates war profits and monopoly power Lessons for currencies during World War …
Executive Summary Main Article We invite all readers to visit our related website: www.macrohedgeadvisors.com to access this report in full and on a complimentary basis. Let us know if we can help you with this access in any way. Best regards, Dr. Brendan Brown …
From the Avoidable Pandemic and Crash to the Avoidable Greatest Peacetime Inflation Read More »
Executive Summary Main Article Preparing for the illusions of the summer rebound Phase one and two of supply shock Beyond supply shock to the laboratory of history Fitting COVID-19 into the supply shock model Predicting the business cycle peak Two profound influences of the supply shock Bottom line …
SUPPLY SHOCK: This time is not different for economic impact of COVID-19 Read More »
Executive Summary Examining for forces of disinflation is crucial to determining how and when the present long monetary inflation will run into asset deflation and recession; and whether a great goods and services inflation will ultimately emerge. A study of nineteenth century US history and Dutch 17th century history provides some insights into this …
Disinflation, Fang + and Gold: nothing new in how this asset inflation will end Read More »
Executive Summary Symptoms of monetary inflation – both in goods and asset markets – are becoming more serious, as we enter the 2020s. There are no grounds for complacency, based on narratives spun by central bankers or by finance professionals. The central bankers tell us (via their giant propaganda machines) that they have everything …
Executive Summary Fed Chief Powell is hinting at tolerance of somewhat higher inflation in 2020, as justified by inflation undershooting its target, previously. Reported inflation may well rise early next year and beyond until further growth cycle slowdown sets in, and recessionary forces strengthen. Before that, any growth cycle upturn would mean heightened menace of …
Executive Summary The powerful climb of the S&P 500 since the business cycle trough of 2009 and the last growth cycle trough of 2015/16, together with absence of recession, has made many investors resistant to pessimism. Yet monetary pessimism, correctly formulated, has in fact been the basis of far superior returns measured over standardized …
THE SUPERIOR RETURNS FROM MONETARY PESSIMISM 2002-2020 Read More »
Executive Summary The noise emanating from the comedy show entitled the “Xi-Trump trade war” has been at times deafening, in 2019 global markets. The comedy is now be drawing to a close, with the likely signing of the first phase deal between Washington and Beijing. The bad news is that: …
La Commedia (US-China trade war) e Finita: Austrian school economics update for 2020 Read More »
Executive Summary The seven per cent jump of the pound in a few days, based on a sudden violent change in hedging positions, is not without precedent. The key question is whether fundamental forces have changed in a way likely to ratify that movement. In the case of the pound today, the answer here is …
