Commodities

72.0: Warren Buffett Knows Stocks but Not Money———Ep 72.0 Summary———Warren Buffett knows stocks but not money. From 2009-12 Warren Buffett warned that emergency monetary and fiscal action would make inflation surge. He warned that the US dollar was in the hands of a profligate Congress; that Treasuries would lose real value. He was wrong. On all counts. ———See It———– Twitter: https://twitter.com/JeffSnider_AIPTwitter: https://twitter.com/EmilKalinowskiAlhambra [...]

71.0: Collateral Supply Effect on Central Bank Policy———Ep 71.0 Summary———Professor Sissoko focuses attention on the fact that the post-2008 financial system has changed dramatically but that technocrats have not tackled what the changes mean. Sissoko discusses the path to the 2008 and 2020 shocks and proposes we turn the clock back to a wiser time. ———See It———– Twitter: https://twitter.com/@csissokoSocial Science Research [...]

68.3 US Treasury Auction Brings Surprisingly Bad News ———Part 3 Summary———On April 23 the 5-year US Treasury Inflation Protected Security auction resulted in LOWER inflation expectations. For years now these auctions conveyed RISING market-based inflation expectations. But now? With monetary 'printing' and fiscal 'stimulus' gone wild the market says, "Put your shirt back on." ———Sponsor——— But first, this from Eurodollar Enterprises! Friends, [...]

68.2 US Treasury Bond Futures Crossed Red Line Long Ago———Part 2 Summary———Open interest in US Treasury Long Bond futures have crossed the 800,000-line only a few times in the past quarter-century. Nothing ever good happened in markets or the world economy when that happened. Where are they today? Almost 1.2 million. Why, who and when? ———Sponsor——— But first, this from Eurodollar [...]

68.1 This is the Hedge Fund Trade that Blew Up in 2020———Part 1 Summary———The rise and fall of an arbitrage trade by hedge funds known as the Treasury cash-futures basis trade. That was the focus of an excellent research paper by two government researchers. But there's just one problem. They don't ask what caused the rise of the basis trade [...]