alex

1. "The reason behind the bank crisis in one sentence: The Fed has NEVER once tested banks for higher interest rates in 14 years of stress tests. Correct, something that I repeatedly criticized the "stress" tests about for years. The Fed also never tested for stagflation, which is an economic condition they just assumed [...]

1. What is there left to say? Market good news: 1. Oversold markets (temporary phenomenon), 2. Bank crisis (Fed pivot ensues) 2. Interest rates are inverted; as inverted as anytime in history. We're talking big time recessionary red flags here. What can you do for your senior clients? Well, if an A+ insurer wants [...]

1. Sure, SVB made mistakes, maybe a lot of mistakes, but the narrative is putting too much weight on the bank. They bought treasuries. What else would they buy? NFTs?? Who has the resources to carry the hedge of ALL regional banks? The Fed totally f'd up by putting rates Too Low, Too Long, [...]

1. Sanctions vs Russia? Russia is winning. And it's the USA facing financial contagion. Sanctions have only hurt the West. Putin was prepared while the West fiddled… 2. So "tough-talking Powell" may reverse interest rate course very soon. Things break when rates go up. As a result, expect The Fed to start pumping funds [...]

1. A 5% myga is fantastic, but a fixed index annuity with a 10% 1st year cap sounds great too! And it offers a 1.8% annual minimum accumulation value as well. 5 year products are available, and 3 indices can be used. Don’t sleep on this "inflation fighter!" Great for 1035 exchanges from costly [...]

1. Foreign holdings of U.S. treasuries fell by $112 billion in the month of October. The U.S. is up to its eyeballs in past debts and currently have budget deficits exceeding $200 billion a month. Can The Fed actually buy all our bonds moving forward? This disaster isn't going away soon… 2. What is [...]

1. Crypto investors make money from the demand of future investors. Not based on earnings, revenue or potential growth. Solely based on future investors. Guys, this is called a pyramid scheme. Mr. Ponzi would be very proud… 2. The Economy is slowing. Please do not trust any numbers coming from our government. Real jobs [...]

1. Stock market risk is at a level I've never seen before. Is all the risk baked into current prices? I would find that hard to believe. But I could be wrong. Is that why many advisors aren't moving big chunks of nest eggs to safety now? I'm always wrong, but if a client [...]

1. I got this headline last week: "Yellen says price cap on Russian oil is one of the most powerful tools we have to fight inflation." Yellen is not this moronic. This is an attention/distraction grab for Americans to see and believe. It's a blatant lie and actually a price cap will cause supply [...]

1. In the WSJ this weekend, Henry Kissinger basically said the U.S. Govt is tempting China and Russia into WWIII. You do realize that Mr. Kissinger has been deemed a "war monger" for the last 50 years? Even Henry is running scared now… 2. Speaking of Mr. Kissinger, I lived on East 52nd Street [...]