I can't remember many things that have ever fallen for 12 straight days but here we are. Bitcoin is down another $2420 today, breaking the $20,000 level and continuing lower to $18,171, which...
There's a consistent theme of US dollar weakness across the board this week. That goes along with falling yields and rising gold.It's a picture that looks more like a broader turn than anything...
I want to highlight two critical oil charts.The first is from Goldman Sachs and it illustrates broad levels of oil spending globally. Remember that conventional global reserves run off at 5-7% annually and...
Luna -- recently at top-5 crypto -- has imploded down to nearly nothing. It's been shattered along with a disastrous plan to use it to back the UST stablecoin. Both are in shambles.Yet...
Why are rates always stuck near the lower bound?The usual explanation is that globalization, automation and demographics are the culprit. That's compelling but the BIS has a paper that puts forth a novel...
