Earl’s Golden Nuggets / May 16, 2023
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 [...]
Earl’s Golden Nuggets / May 1, 2023
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 [...]
Earl’s Golden Nuggets / March 28, 2023
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 [...]
Earl’s Golden Nuggets / March 16, 2023
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 [...]
Earl’s Golden Nuggets / February 6, 2022
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 [...]
Earl’s Golden Nuggets / December 27, 2022
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 [...]
Stay In Touch