Which Bubble Got Off To The ‘Bubbliest’ Start?

And so, having already grown faster in its initial stages than every other notable bubble on the list (and they probably should have included housing in Canada and Sweden), the only question now is whether it will continue to rise and ultimately surpass the 2+ year, exponential rally in BitCoin. 

If it does, Seth Golden will be one of the richest people on the planet

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Chart Of The Day: Mom & Pop Cash Levels Fall To Lowest Since 2000

“Comparisons to the dot-com bubble are usually overblown but”…

(In)stability In One Chart

“Indeed, measures of financial stability look stretched”…

Gold Flash Crashes, “Jubilant” Germans, And Bank Bailouts

Well, gold plunged $18 in seconds on surging volume (18k contracts in a one-minute window) for no apparent reason, falling from 1,253 to test 1,236, the 200-DMA at around 4 a.m. EST. That’s being chalked up to a “fat finger,” and the follow through for the dollar and yields was readily apparent, with Treasurys diving…

Populism Partly To Blame For End Of Bond Bubble: Strategist

“There are few places to hide for bond investors in this environment”…

2016: The Year In Charts

Well, it’s been an interesting year. What started out as nothing short of a disaster (courtesy of China jitters and plunging crude prices) ended with a Trump-inspired flourish as the Dow very nearly cracked 20K last week (Jeremy Siegel is laughing somewhere). In between there was the so-called “Shanghai Accord” which effectively gave risk the…

Impetuous Markets

As regular readers are acutely aware, I’m a big fan of Bloomberg’s Richard Breslow. I’d even go so far as to say he’s a better writer than me (I know, I know, Heisenberg is supposed to exhibit Trump-like cockiness and a unwavering lack of humility… sorry). Admittedly, I struggled to encapsulate everything that happened last week…

Danger Ahead?

Here’s some useful commentary from Bloomberg’s Daniel Kruger on the election, the jobs report, inflation, and the potholes and landmines that likely lie ahead. Barring a surprise in the U.S. election, the strong U.S. labor report sets the table for a Fed Hike in December, and raises concerns about what happens next. Wage gains were the…

“No Assets Are In Bubble Territory”: Fed

The Fed is notoriously bad at spotting bubbles. They’re also notoriously good at inflating them. Here is perhaps the quintessential example of policymaker cluelessness (ca. 2005): Oops. With that rather unfortunate bit in mind, consider the following recent commentary from Fed Presidents with regard to asset bubbles that may or may not have been inflated…