pay attention or pay the offer

Many seasoned and saavy Wall Streeters are perplexed by the apparent conundrum of a strong bond market that seems to be telegraphing deflation and recession and a stock market that seemingly proposes a very different scenario has it levitates with no apparent rhyme nor reason. This public post (open to non-subscribers) outlines my thoughts on [...]

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Here’s a scary chart. Year-over-year rate of change in the total U.S. national debt. The debt is growing at a 15% annual clip right now, and the big bailouts of late 2008 are already outside of the comparison.  Be afraid, be very afraid! click chart to enlarge

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