February 25th Market Update – A compressed yield curve and Buffett’s record cash hoard (Don’t listen to what I say, look at what I am doing)

I have uploaded a market update podcast for February 25, 2018. Click here to go to the show archives page to listen or you can listen on the link below.  I have included links to relevant articles and media on the Show Archives page.  The latest show is on the top of the page.

-The yield curve continues to compress, with short rates rising faster than longer dated yields.
-Bonds received a bid on Friday; not so much from that investors think inflation is running low or they think the Fed may raise slower than feared, but because two Fed presidents came out and said they view QE as a viable tool that will probably be used in the next downturn.
-Stocks are responding as is QE4 is in the cards.
-It took 2-3 years of Fed fund increases last decade for it to fall apart. It may take that long this time as well; though I doubt they will need more than a year or two. This decade’s over-speculation dwarfs last decade’s malfeasance.
-Non-bank conforming mortgage underwriting is much larger this decade than last decade. banks can’t make money at low interest rates, even with government backing. Underwriting is getting sloppy. The government still insures at least 70% of all mortgage underwriting.
-Cryptocurrency analysis. A monero hard fork is coming. Bitcoin may have only 21 million total to be ever issued, but with all these hard forks in the past and upcoming the supply of bitcoin derivatives may by virtually open-ended.
-Gold market analysis
-Thoughts about how the patriot movement has changed over the past 25 years. Today’s globalist shills and change agents in the patriot media represent little of what existed a couple decades ago. The current manufactured patriot movement is only externalizing the hierarchy.
-The globalists know what we are saying. Through the NSA, they run Google and the ISPs and can gauge our sentiment. Thus, they need to figure out a more crafty way to impoverish us the next time around.

Regards,
Chris