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What if?
The progression of the Wuhan ‘lab leak’ hypothesis from conspiracy theory to mainstream consensus provides a salutary lesson not to accept an already implausible narrative because powerful vested interests would rather you did. So consider this and the potential ramifications. What if the S Spike protein is the pathogen responsible for platelets to clump and […]
Continue readingHear anything?
“When the music stops, in terms of liquidity, things will be complicated,” Chuck Prince (former Citi CEO) said in 2007. “But as long as the music is playing, you’ve got to get up and dance.” . [videopack id=”15651″]https://growthrater.com/gr_web_m1/wp-content/uploads/I-dont-hear-a-thing.mp4[/videopack] UK house prices are up another +10.9% according to the Nationwide and stock […]
Continue readingBattle for the Fed narrative
Oh it’s such fun to see the Fed being played, if not by the government, then by the banks! Now however, both interests are aligned in attempting to persuade Fed Chairman Powell to keep the monetary punch bowl well filled, or risk yet another market ‘hissy-fit’. Hence the management of expectations for an entirely unreasonable […]
Continue readingGood news now good news?
So is Good news now good for asset prices? For the last decade and particularly the last year however, its been more a case of multiple expansion driven by central bank/Govt money printing rather than rising returns that have been responsible for this asset inflation, so why would another month of robust growth in US […]
Continue readingProject Fear
“voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.” Change ‘pacifists’ […]
Continue readingRising implied inflation heralds the end of the MMT party
“By My word and for the good of the state, The bearer has done what has been done.” Has WuFlu returned us to a fictional 17th century where any excess is permissible “for the good of the state”, but where accountability is as nebulous as the infamous ‘Carte Banche’? Looking at the unmitigated project fear […]
Continue readingInvestors start to challenge fiat markets for delivery
It should be fairly obvious that when supply exceeds demand, then prices will fall. Print more fiat cash than one is growing the economy and you’ll end up with currency debasement, even if initially governments and their central banks can spin this as asset inflation and some sort of spurious economic success story. Spew out […]
Continue readingBah Humbug!
With Dover shut by the Frenchies and restaurants in large swathes of the land shuttered by an AWOL government, Tiny Tim will at least be able to bring home some of our own great domestic produce for what used to be the festive season. In season Turbot, Lobster and scallops from our cold waters or […]
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