Banks Disclose Tidbits of Hidden Stock Market Leverage, as Known Stock Market Leverage Surges
By Wolf Richter for WOLF STREET.
No one knows how much total leverage there is in the stock market. Only fragments are reported. Margin loans are reported monthly, and they provide a general idea of the trend in stock market leverage. Some types of leverage are not disclosed at all until something implodes spectacularly, such as Archegos. Other types of leverage are reported in bits and pieces, if at all, by a few banks and broker-dealers in their quarterly financial statements, if they so choose. This includes “securities-based lending.”
Some banks & brokers report securities-based lending, others don’t.
How To Invest In Diamonds w/ Tom Cloud (Diamond Investing 101)
Ep. 1988 How to Navigate the Fed's Boom/Bust Cycle
Resist Stagflation With This Sector
By Andrey Dashkov
In July and August, we talked a lot about inflation…
And how it can cost you in lost returns.
We also showed you several ways to resist rising prices.
And today, we return with the same goal.
To start things off, we don’t mean to alarm you…
But the U.S. economy might not be in its best shape by year-end.
In fact, it could face “the worst nightmare” of stagflation, which is a combination of “stagnation” and “inflation.”
It means low economic growth and soaring prices… at the same time.
This combination worries investors. But at Casey Research, we’ll use the uncertainty to our advantage…
Market Talk for October 6th, 2021
The US plans to launch new trade talks with China, but will maintain tariffs on Chinese imports as it presses Beijing to fulfill pledges to buy more US goods and services, according to Biden administration officials. The Biden administration will directly engage with Beijing in the coming days to enforce commitments in their trade deal and start a new process to exclude certain products from US tariffs in an effort to help American workers and businesses. While the Biden administration won’t take any tools off the table when dealing with Beijing, it doesn’t intend to escalate the trade tensions, an administration official said in a call with reporters. The official acknowledged that China may not change its practices and therefore the US needs a strategy that takes that into account.
Trust Evaporating All Over with John Rubino
Hard Asset Investing 101 (Jerry Robinson, Tom Cloud)
Red October – End of World as We Knew It – Clif High
Clif High is an Internet data mining expert who has many well-documented correct forecasts. He predicted that Bitcoin would rise to $64,000 (it did) when it was less than $10 per unit. High uses something he calls “Predictive Linguistics” and computer programs to sort through billions of bits of information on the Internet to predict future trends and events. High’s recent data shows everything is in the process of breaking down. Food production, trucking, health services, millions will get very sick and many of them will die, the military breaks down, political system breaks down and the financial system will suffer a horrible unfixable crash. High says the breakdowns are getting so bad that he is calling this month “Red October.”
Psychedelics Are Going Mainstream
Michael Pollan is a bestselling author. His first book on psychedelics, How to Change Your Mind, came out in 2018 and immediately rocketed to the top of the New York Times bestseller list.
His newest book, This Is Your Mind on Plants, came out July 6, 2021.
And it really takes the debate over the legalization of psychedelics to the next level. (More on that in a moment.)
Both books are excellent reads. And I recommend you take a look at them. There’s a ton of research and science in each.
But what really caught my attention is this passage from This Is Your Mind on Plants:
As I write, psychedelics seem to be undergoing a change of identity. Since researchers have demonstrated that psilocybin can be useful in treating mental health, some psychedelics will probably soon become FDA-approved medicines.
The Truth Behind The Silver Shortages | LIVESTREAM w/ Andy Schectman
The Best Stocks to Own When Inflation Absurdity Strikes
By David Eifrig
Inflation almost sent me biking across California wine country...
I recently turned up at Avis in Santa Rosa to rent a car for the weekend. I'm a regular customer there, so I'm familiar with the typical rental costs.
Of course, this year has been anything but typical. Normally, it would cost me $800 to rent a car for an entire month. This time, I was quoted $800 just for the weekend.
I ended up paying much less, thanks to my status as a longtime customer. But if I hadn't been... well, lucky thing I can still ride a bicycle, because I wasn't about to pay that price.
Joe and Jason talk transitory
Three Gutsy Reporters Grill Fed Chair on Biggest Trading Scandal in Fed’s 108-Year History
Federal Reserve Chairman Jerome Powell took a few wonky questions from various reporters at his press conference today and then Jeanna Smialek, Federal Reserve and Economy reporter for the New York Times, was called on. Smialek was the first reporter to lead the elephant in the room out into the open. The exchange went as follows:
Smialek: “Prior to recent media reports, were you aware of the kind of security buying and selling that [Dallas Fed and Boston Fed] Presidents Kaplan and Rosengren were participating in last year? And I wonder if you thought those were appropriate?”
Powell: “So, no I was not aware of the specifics of what they were doing. So let me just say a couple of things about this subject. We understand very well that the trust of the American people is essential for us to effectively carry out our mission. And that’s why I directed the Fed to begin a comprehensive review of the ethics rules around
