Sep. 1 at 6:14 PM
$GLD $GDX $SLV $B $JNUG
You can't "bet against the stock market" w/this kind of credit creation/expansion & QE reimagined. You have the US treasury & fed working to make bond yields come down & debt/credit cheaper, "the lifeblood of markets" . Not to mention the
$3.55 trillion the Treasury has borrowed/issued out in the last 12 months & corporate debt issuance as well has increased by
$1.7 trillion or 27% YoY increase. M2 has increased by 5.4%+ so far.
$1.68T of corporate bond issuance + rapidly rising M2 — are companies actually creating a huge amount of debt/liquidity ?
YARDENI: U.S. DEBT CRISIS NOT IMMINENT
Yardeni Research acknowledges growing U.S. debt risks, w/public debt above
$40 trillion, annual interest costs exceeding
$1 trillion, & the deficit near 6% of GDP
However, it argues a crisis is not yet imminent.
Yardeni says the 10-yr Treasury yield between 4% & 5% remains consistent w/a healthy economy & warns that betting against stocks over debt fears has been costly
