Recently, a 5th New York City taxi driver has committed suicide. Many of these taxi drivers own the once coveted $1 million taxi medallion the problem is that currently those taxi medallions are worth $175,000! These taxi drivers are deep in debt … [Continue reading]
The Cruise Ship Curse and why the Economy Booms and Busts
The sign of massive bubbles blowing up in the economy is evident with the cruise ship industry. This Royal Caribbean has came out with its new ship, “Symphony of the Seas.” It’s the largest cruise ship the world! This sort of event is consistent with … [Continue reading]
The Cruise Ship Curse and why the Economy Booms and Busts
The sign of massive bubbles blowing up in the economy is evident with the cruise ship industry. This Royal Caribbean has came out with its new ship, “Symphony of the Seas.” It’s the largest cruise ship the world! This sort of event is consistent with … [Continue reading]
The yield curve is close to inverting, which is a very strong predictor of a recession. How much farther will the FED raise interest rates until the bubble pops?
The yield curve is continuing to flatten with 2 year treasury bills at the highest they’ve been since 2008! The yield curve inverting is a very strong predictor of a recession. So how much longer will this tightening cycle by the FED go on until this … [Continue reading]
The yield curve is close to inverting, which is a very strong predictor of a recession. How much farther will the FED raise interest rates until the bubble pops?
The yield curve is continuing to flatten with 2 year treasury bills at the highest they’ve been since 2008! The yield curve inverting is a very strong predictor of a recession. So how much longer will this tightening cycle by the FED go on until this … [Continue reading]
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