Higher For Longer on Interest Rates

Following yesterday morning’s ADP numbers, showing a miss, today’s Labor Department data showing a massive gain isn’t throwing the stock market off its stride.

It’s clear that, even with muddled economic data from different sources, that we’re not in market crash conditions yet.

That’s even evident by expectations for the Federal Reserve to cut rates in July – which got absolutely crushed this morning:

Turn Your Images On

Following the latest government labor data, rate cut expectations for July have sunk

For now, the mixed economic data means stocks will likely trend higher, until there’s a crisis. And when there is a crisis, the Fed will finally make its move and aggressively cut rates.

And, for now, bond yields are still near their highest level in 15 years. Bond yields, even on U.S. Treasury bonds, are over the rate of inflation.

In short, it’s not a bad time to lock in bond yields now – which will go lower during a crisis, pushing bond prices higher. And in a crisis, today’s high-flying stocks, driven by retail investors with a fear of missing out – could easily get crushed.

~ Addison

The World Should Fear September 9…

The United Nationsl General Assembly isn’t typically a headline-grabber.

But the upcoming Assembly— beginning on September 9 — has an air of great urgency, because a major announcement could be forthcoming.

The potential bombshell announcement?

Well, it concerns a classified map of a “secret America” from 1946 — a map whose expanded U.S. borders could go into effect in 2025.

If enacted, this wildly controversial map would grant the federal government astonishing economic, societal, and military power.

But the investment implications could be even bigger.

Click here to view the secret map ASAP >>

P.S.: We’ll be off tomorrow for Independence Day. Enjoy the long weekend!

As always, your reader feedback is welcome: feedback@greyswanfraternity.com (We read all emails. Thanks in advance for your contribution.)

Following yesterday morning’s ADP numbers, showing a miss, today’s Labor Department data showing a massive gain isn’t throwing the stock market off its stride.

It’s clear that, even with muddled economic data from different sources, that we’re not in market crash conditions yet.

That’s even evident by expectations for the Federal Reserve to cut rates in July – which got absolutely crushed this morning:

Turn Your Images On

Following the latest government labor data, rate cut expectations for July have sunk

For now, the mixed economic data means stocks will likely trend higher, until there’s a crisis. And when there is a crisis, the Fed will finally make its move and aggressively cut rates.

And, for now, bond yields are still near their highest level in 15 years. Bond yields, even on U.S. Treasury bonds, are over the rate of inflation.

~ Addison

The World Should Fear September 9…

The United Nationsl General Assembly isn’t typically a headline-grabber.

But the upcoming Assembly— beginning on September 9 — has an air of great urgency, because a major announcement could be forthcoming.

The potential bombshell announcement?

Well, it concerns a classified map of a “secret America” from 1946 — a map whose expanded U.S. borders could go into effect in 2025.

If enacted, this wildly controversial map would grant the federal government astonishing economic, societal, and military power.

But the investment implications could be even bigger.

Click here to view the secret map ASAP >>

P.S.: We’ll be off tomorrow for Independence Day. Enjoy the long weekend!

As always, your reader feedback is welcome: feedback@greyswanfraternity.com (We read all emails. Thanks in advance for your contribution.)

The global bond market is screaming.

This week, 30-year yields hit multi-decade highs across the U.S., UK, Germany, and Japan.

America’s 30-year briefly touched 5.0% — levels last seen in 2007. Japan’s long bond is at its highest since it was first issued in 1999. Europe’s long paper is flirting with crisis-era yields.

Why? Heavy borrowing, fiscal deficits.

In just two months, U.S. federal debt has surged by $1 trillion. Since mid-August alone, $200 billion has been tacked on.

Miran is outlining a radical plan to flip the U.S. dollar’s reserve status from a burden into a bargaining chip. To turn America’s towering debt from an embarrassment into leverage. And to reorient the entire global economic structure in Washington’s favor—while they still can.

Now, if you read through Miran’s 40-page paper, you’ll quickly realize he left a lot of other ingredients out (some of which actually make the plan far more realistic). It’s a speech, not a doctoral thesis, after all.

A spike in money supply typically occurs during a crisis. Not when the economic vibe is simply “uneasy” and bullish.

Today’s graph strips away delusion. A massive quantity of fiat money is propping up the stock market and global economy.

That’s a trend that cannot last.

In the early days of the Roman Empire foreign conquests brought glory, booty, and slaves. People were happy to be a part of it.

But after 100 AD the conquests largely ended. And as time went on managing the huge empire — with its far-flung garrisons and expensive bureaucracy — became less and less profitable. Taxpayers were squeezed harder and harder to pay for it.

Roman-era feds had their tricks too. The basic coin of Rome — the denarius — was inflated away. It came to be worth so little that even tax collectors wouldn’t take it. In 212, Caracalla expanded the tax base by giving Roman citizenship to all free men in the empire. But the squeeze continued.

Gradually, the small farmers — who had been the backbone and muscle of the empire — were forced to abandon their land…and even sell their wives and daughters into slavery in order to keep them alive. Gradually, too, Roman society became decadent, corrupt…and brutal, with more and more resources devoted to the war industry.