Ep. 89 - Part 1: Current Financial Market Situation and Banking Issues
Listen now
Description
Part one of a two-part series: This year is the first year of an actual decline in the S&P Index ‘top 10’ in terms of both revenues and free cash flows. Lower price/earning ratios as a function of both low/no growth and high interest rates will drive both stock and bond prices lower this year. Stay tuned for part two where we cover U.S. government spending and dollar substitution in global trade.
More Episodes
BRICS+ just ended the dollar’s strangle hold on Petro-dollar trade. Russia/China have largely eliminated their dollar trade with Russia eliminating dollar holdings entirely and China seemingly following suit (China is the past largest holder of US government debt). Forget the G20 and now look...
Published 06/28/24
BRIC’s Ministers Meeting and moves to increase their control of vital minerals while moving away from the dollar, inflation remains a major problem for U.S. consumers, new jobs almost all part-time filled by non-U.S. born workers focused on low-paying compensation segments, and another bank...
Published 06/18/24