September 23rd Update – Dovish Fed policy as inflation and asset prices rise; Asset bubbles transcend asset classes; Economics and trading books I read and recommend

I have uploaded a podcast for September 23, 2018. Click here to go to the show archives page to listen and look at the relevant links or you can listen on the link below. You can also right mouse click here to download the podcast.

-Will the 10-year UST be allowed to run up in yield? As the Fed tightens the longer-end of the curve needs to move higher.
-Asset prices and inflation moving higher as the Fed maintains its dovish policy.
-Asset bubbles always act and end the same way, regardless of asset class
–Mortgage yield APRs pushing 5%.
–Home builders hit new lows for the year after handful of downgrades
–This chart shows the haves and have-nots of the housing market, and it’s getting worse
-XRP (Ripple Holdings crypto) hodlers setting up for disappointment? Shills out there pumping once again as XRP is a centrally-managed coin and what company would use it?
-Social and deficit spending raises asset prices, especially real estate, by definition. All that debt becomes monetary equivalents and collateral that can be used to buy assets, while the debt creates deflationary forces.
-Some books I recommend; I have been studying behavioral economics as the globalists have used this science against us. They know us better than we know ourselves. This is why I recommend learning more about this field of study. Perhaps we can learn more about why we make particular choices.
-Intermediate Macroeconomcis textbooks from 20-30 years ago provide a good framework of the study. Newer macroeconomic theories promote government intervention, socialism, social justice, and income redistribution.
-Alex Jones has been going on epic profanity-laced rants. He has thrown the patriots under the bus. The job has been accomplished.