Mr. Hay, Thank you for your article. If your willing, perhaps you could ask Mrs. DMB which breaks first, the U.S. Dollar or U.S. Debt? Given the rising risks of both, I'd like to hear her answer. Thanks again and have a great week...P.S. If you address her in the manner I have, She'll know who asked the question. (or, at least, I hope she remembers...) :)
Will look forward to hearing DDMB interview... she is brilliant and not afraid to call out the Fed's mismanagement in very plain English. Her opinion on what EM countries are going to be in the "default basket" due to USD denominated debt would be of interest.
Keep up the enjoyable (if sobering) missives and podcasts. Good to know you'll be taking some rest days over the holidays... family and friends and health come first! Aloha.
does MZ Booth think that future FED boards will realize that keeping interests rates so low for so long is causing these bubbles to inflate? The current group does not seem to understand that fact yet.
David: I always look forward to reading your stuff and I want to express my gratitude to you for the time you take to write and so clearly articulate your views on financial markets! Loved the first 6 months and excited about the upcoming changes! Cheers
David - great stuff as usual and looking forward to the changes. A big fan.
If you could go into detail with Danielle about upcoming treasury issuance over the next couple of years and how it could be orderly (with QT and foreign central banks backing away to protect their own currencies, etc...) that would be great. I've heard US commercial banks are tapped out as well. Is that what's going to break? Sovereign bond markets? If so, what will that look like? And that's just the US, how about Europe as well?
Thank you. This publication has been a guiding light of level-headedness during these choppy time. When money is short for many, words cannot describe how grateful we are for the immense value you provide here.
For the interview, it would be good to deepen the workings of the FED. Go deeper, than the usual talk of when the feds pivot it ( Link with your book ) . It is indeed the articles of Charles Gaves on this site, but when an interview? :-) (the boxer against the rugby player). have a nice weekend and thank you for everything.
Thank you David for the weeks of wonderful publications. I read every one of them from first line to the last each time.
On your suggested buy of emerging market bond fund, TEI, can you please update some of the current strength and weaknesses going on in the emerging markets in relation to the dollar strength wrecking ball & recession pressures. Thank you , Michael
To Danielle, it appears as though the Fed is going to raise rates until they break something. Perhaps they even cause a serious breakage. If that happens, and the whole world sees it, do you think there is any chance for reform at the fed? Perhaps even something as simple as focusing on forward looking indicators?
It seems like if the Fed keeps making mistakes, at some point there might be people with pitchforks in the streets.
Hi David, thanks for an excellent newsletter. I suggest asking Danielle about subprime auto financing. I work with Jim Rickards and she was interviewed with Jim at Bretton Woods in August for our readers at Paradigm Press. Her story of auto financing practices starting from the Covid outbreak through today were memorable. It’s quite bearish for the entire auto supply chain.
Mr. Hay, Thank you for your article. If your willing, perhaps you could ask Mrs. DMB which breaks first, the U.S. Dollar or U.S. Debt? Given the rising risks of both, I'd like to hear her answer. Thanks again and have a great week...P.S. If you address her in the manner I have, She'll know who asked the question. (or, at least, I hope she remembers...) :)
Excellent commentary.
Will look forward to hearing DDMB interview... she is brilliant and not afraid to call out the Fed's mismanagement in very plain English. Her opinion on what EM countries are going to be in the "default basket" due to USD denominated debt would be of interest.
Keep up the enjoyable (if sobering) missives and podcasts. Good to know you'll be taking some rest days over the holidays... family and friends and health come first! Aloha.
does MZ Booth think that future FED boards will realize that keeping interests rates so low for so long is causing these bubbles to inflate? The current group does not seem to understand that fact yet.
I just want to say you’re doing a great job of this! Thank you!
David: I always look forward to reading your stuff and I want to express my gratitude to you for the time you take to write and so clearly articulate your views on financial markets! Loved the first 6 months and excited about the upcoming changes! Cheers
David - great stuff as usual and looking forward to the changes. A big fan.
If you could go into detail with Danielle about upcoming treasury issuance over the next couple of years and how it could be orderly (with QT and foreign central banks backing away to protect their own currencies, etc...) that would be great. I've heard US commercial banks are tapped out as well. Is that what's going to break? Sovereign bond markets? If so, what will that look like? And that's just the US, how about Europe as well?
Timely and great information. Thanks!!
Thank you. This publication has been a guiding light of level-headedness during these choppy time. When money is short for many, words cannot describe how grateful we are for the immense value you provide here.
For the interview, it would be good to deepen the workings of the FED. Go deeper, than the usual talk of when the feds pivot it ( Link with your book ) . It is indeed the articles of Charles Gaves on this site, but when an interview? :-) (the boxer against the rugby player). have a nice weekend and thank you for everything.
David, thank you for your wonderful commentary.
Thank you David for the weeks of wonderful publications. I read every one of them from first line to the last each time.
On your suggested buy of emerging market bond fund, TEI, can you please update some of the current strength and weaknesses going on in the emerging markets in relation to the dollar strength wrecking ball & recession pressures. Thank you , Michael
To Danielle, it appears as though the Fed is going to raise rates until they break something. Perhaps they even cause a serious breakage. If that happens, and the whole world sees it, do you think there is any chance for reform at the fed? Perhaps even something as simple as focusing on forward looking indicators?
It seems like if the Fed keeps making mistakes, at some point there might be people with pitchforks in the streets.
Great comments and notes - thank you.
Hi David, thanks for an excellent newsletter. I suggest asking Danielle about subprime auto financing. I work with Jim Rickards and she was interviewed with Jim at Bretton Woods in August for our readers at Paradigm Press. Her story of auto financing practices starting from the Covid outbreak through today were memorable. It’s quite bearish for the entire auto supply chain.
Did you catch Danielle's interview with Lucky Lopez on Hedgeye? That was excellent
I haven’t seen it yet. Thanks for the info
I find your sub stack very useful to to help me summarise and make sense of all the moving parts we are presented with in these times. Thank you.