Tag Archives: bonds

Where Will All the Money Go When All Three Market Bubbles Pop?

Everyone who’s not paid to be in denial knows stocks, bonds and real estate are in bubbles of one sort or another. Real estate is either an echo bubble or a bubble that exceeds the previous bubble, depending on how … Continue reading

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Junk Fees and Debt: The Funding Template for American Cities

As many of us have observed over the past few years, local governments in America are caught in the pincers of rapidly rising pension and healthcare costs and stagnant tax revenues. The only “fixes” that don’t alienate vested interests or … Continue reading

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Stocks and Bonds Are Due for a Generational Crash of 75%

From the point of view of history, a reversion to generational lows is inevitable, and a valuation level around 50% of GDP for stocks is a fair target. If we look back to 1981 valuations of stocks and bonds as … Continue reading

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Are Capital Inflows Propping Up U.S. Markets?

It seems likely that significant capital inflows are helping prop up asset valuations in the U.S. Nobody really believes the official narrative that the “recovery” is powering the remarkable strength of U.S. stocks, bonds and real estate. The real Main Street … Continue reading

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The Happy Story of Boomers Retiring on Their Generational Wealth Is Wrong

This happy story is wrong on multiple counts. The conventional view of the Baby Boomers’ retirement is a happy story: since we’re living longer and remaining productive longer, Boomers will not be as much of a burden on Gen-X and Gen-Y … Continue reading

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