In The News Today

Posted at 9:36 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

…because rates are so exorbitantly high!

Bill Holter’s Commentary

Global recession has arrived, any questions?

Collapse In Global M1 Signals A Worldwide Recession Has Arrived
January 14, 2019

By now everyone has seen some iteration of this chart showing that the annual change in central bank liquidity is now negative.

 

 

 

 

 

 

Another way to visualize just the Fed’s balance sheet contraction is courtesy of this chart from Morgan Stanley which shows specifically which assets – Treasurys and MBS – are declining on a monthly basis.

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Bill Holter’s Commentary

Does anyone see a problem with this?