In the previous market update we discussed the current low level of bank reserves or liquidity in the financial system, which has so far forced the Federal Reserve to end quantitative tightening and consider re-starting quantitative easing. The U.S. financial system is currently experiencing a liquidity crisis. Asset prices are likely to face downward pressure until interest rates are cut, and quantitative easing is re-started to increase bank reserves/liquidity in the financ

There was no market update published for September, but we have a lot to cover through October. Buckle up, here we go.   There is a growing concern that America is becoming a centrally planned economy and financial market. Though we are not there yet, the signs are there and worth investigating.   Corporate profits have been following the total monetary base lower for the past six months. Without an increase in the monetary base, corporate profits will continue to decline. Th

The American economy is approaching an uncomfortable environment. While the government continues to spend 6.4% deficit/GDP allocated to...

Tomorrow, August 1 st , 2025, the tariffs go back on. Now that the OBBB is law and the Trump administrations agenda is funded, deficit...