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Porter Stansberry – End of America Update: What’s Next?
Porter Stansberry delivers the next scathing installment of his “End of America” lecture — covering the American credit bubble, big banks’ unrealized losses, and what’s next for your money.
Porter Stansberry delivers the next scathing installment of his “End of America” lecture — covering the American credit bubble, big banks’ unrealized losses, and what’s next for your money.
This suggests the upward pressure on long-term yields could remain even if the Fed cuts short-term rates.
The U.S. has long been the lender of last resort to the world. During the emerging-market panics of the 1990s, the global financial crisis of 2007-09 and the pandemic shutdown of 2020, it was the Treasury’s unmatched capacity to borrow that came to the rescue. Now, the Treasury itself is a source of risk. No,
Naturally, the bond carnage has been feeding worries that something somewhere will somehow “break”. MainFT ran a good rundown of the usual suspects this morning. But there’s arguably one missing. Thanks to resilient growth and the remarkable American consumer, listed US companies remain on average incredibly profitable, but the rising cost of debt is starting
We have long said that we did not think BRICS would launch or even needed a single BRICS currency, but would instead pursue local currency trade, settled in goods and with any net deficits settled in gold that floated in all currencies. This week, Putin voiced remarkably similar views in a speech at the Valdai