Mainstream Media has been reporting (more like framing) the fact that publicly-traded companies have been buying back shares of their stock because they believe their company’s stock is undervalued. In these cases corporate management has decided to instead of spending cash on: employee salaries, research and development, advertising, new [Continue]
The guy that picked up my old EVTV.com domain (Jack Rickard) after I let it expire, put it to good use making EV videos for years, mostly about EV conversions and he just recently published (August 10th, 2019) an article called the “The Tesla Conspiracy”. The “Now You Know” YouTube Channel (by Zac & Jesse) [Continue]
Warning: Don’t Get Trapped in Your Own Reality! Housing Prices in Australia had gone up pretty much continuously without significant drops/corrections for about 35 years. So many people in Australia (also New Zealand and Canada for that matter), never saw a major pullback even during the last Global Financial Crisis (GFC 2008). So many [Continue]
The yield spread between the 3 month and 10 year fell below zero, this is not only the first time this has happened in the last 10 years, but more importantly this particular metric has predicted the last seven recessions in the USA. Don’t panic yet–in the past it has taken up to two years [Continue]
As of Friday March 22nd the spread between the 3-month and 10-year USA Treasury notes has INVERTED. Inverted yield curves happen when short-term yields are higher than other longer-term options. Historically in the USA (like better than 9 times out of ten) whenever the 3-month and 10-year yield curve inverts a recession has followed in [Continue]
Both fast and slow versions of shipping global goods give a strong hint of a global economic slowdown. These facts are contrary to the general economic message being spread from mainstream corporate media and even Donald Trump (everything is fine-the economy is good and getting better). Even though the shipping industry may be struggling slightly, [Continue]
Blooming Kiwi Christmas tree….in Mission Bay near Auckland New Zealand. Happy Holidays everyone! [Continue]
Warning: Recent Inverted Yield Curve on US Bonds Historically Precedes Recessions Earlier this week (Monday December 3rd, 2018) the yields on the US 3-year and 5-year Treasury and the 2-year and 5-year notes became inverted for the 1st time in 10 years! An inverted yield is defined when the LONGER term debt carries less yield [Continue]
Royal Commission Uncovers Bad Aussie Bank Practices Australian Mortgage Lending and by association the Aussie housing market could be in for a bit of a bad patch. Banking Royal Commission may have only been going on for a few weeks, but so far Commissioner Kenneth Hayne has heard tales of: Fraud Irresponsible/Lax Lending Forging Signatures [Continue]
China is the world’s largest buyer/importer of oil (it passed the USA in 2017) and today made their first purchase of oil crude-futures contracts based in gold-backed Chinese Yuan instead of the USD. This creates an Asian oil benchmark and allows oil exporters to bypass USD denominated benchmarks by trading directly in Yuan. In addition [Continue]