potatohead

I have refereed many individuals to your work since the balance sheet expansion started in August. I think you are one of the best at examining and staying on top of the liquidity picture. I like Jeffrey Snyder's work as well. However your flair is unparalleled. Keep up the great work.

excellent article

FYI, The retail physical metals market in the US is still lacking volume and interest. The move has been due to the paper markets. Retail has been selling out all the way up. Premiums on many metal products are at all time lows. Wholesalers and retail dealers are up to their necks in inventory. Very odd environment.

Lee, David Brady mentioned your work many times on his forum. He shut his forum down due to pressure that he was providing investment advice without a license. He is very popular on twitter. I mentioned to many people on his forum about your site, capitalstool. Most of the forum members are traders or investors and provided a lot of good commentary and analysis on the forum. Some may reach out to see if your site could be a location of interest to share trading ideas. Hope I did not impose by providing your site as a great location for exchanging trading ideas. It has been a privilege be a part of the capitalstool.

Beyond insanity: the final frontier. These are the voyages of Central banking. Its continuing mission: to explore strange new worlds, to seek out new life and new civilizations, to boldly go where no one has gone before.

Luke.......come to the dark side!!!!!!! It is your destiny!!!!

Commercials were loading up short while large specs were loading up on the long side the last few weeks. I guess the commercials are pulling the rug today. The retail physical market is very quiet. Has been for sometime now. A lot of selling by retail holders into the rallies. Dealers are struggling. Very few players are making any money in the physical market.

U.S. Budget Gap Balloons to $739 Billion Despite Tariff Revenue https://www.bloomberg.com/news/articles/2019-06-12/u-s-budget-gap-hits-739-billion-with-four-months-left-in-year The U.S. budget deficit widened to $738.6 billion in the first eight months of the fiscal year, a $206 billion increase from a year earlier, despite a revenue boost from President Donald Trump’s tariffs on imported merchandise. The shortfall was 38.8% more than the same period a year ago, the Treasury Department said in its monthly budget review released on Wednesday. So far in the fiscal year that began Oct. 1, a revenue increase of 2.3% hasn’t kept pace with a 9.3% rise in spending.

I can see it now. After NIRP We will have: CHIRP, BURP, TWERP, and then, PERP

MCAS Market Crater Avoidance System

Lee, Read the following article from the IMF. Wondering what your thoughts are on this idea. Put chills down my spine. Feels like the walls are continually closing in for savers. Cashing In: How to Make Negative Interest Rates Work

great article. One question, China's central bank has become a bigger player of money printing and balance sheet expansion. Why wouldn't you group them in with the other three Musketeers (FED, ECB, BOJ). Could PBOC be the next fourth Musketeer, d'Artagnan?

I learned very early in my career, can not go broke by taking a profit. However, "trader's remorse" is another story.

Didn't you mean "astrologers". Astronomy implies these people actually have intelligence and common sense.

After that speech, Cleveland Fed President Loretta Mester mentioned the following. No evidence that Fed's balance sheet is behind market swings: Mester https://www.reuters.com/article/us-usa-fed-mester-balancesheet/no-evidence-that-feds-balance-sheet-is-behind-market-swings-mester-idUSKCN1Q203Z