FFTT, LLC

the  forest  for  the  trees

Weekly Video Series

Two things that caught my attention this week 2/24/19

 

Stay connected by joining our weekly newsletter at https://www.fftt-llc.com/.

Two things that caught my attention this week, 2/24/19:

  • MacroVoices interview – if haven’t listened to it, would encourage it.  Key = “True interest expense” (Gross Int Exp + Entitlements) will likely be >100% of US tax receipts in <24 mths.  US fiscal pressures & therefore Fed balance sheet expansion much closer than most think. 
  • Buffett – fascinating to watch him bash gold (again), & then a few sentences later, paradoxically make a strong bull case for gold by lamenting "...how difficult it has been for Buffett to put $ to work as fast as BRK accumulates it".  What he says by saying this is that “the world is awash with credit (USDs) backed by ever diminishing collateral” (quote fr Tom Brammar)

Get to know Mr. X in my new book, The Mr. X Interviews Vol. I  - available here:  https://amzn.to/2V64pDb.

Any questions that you have from this episode will be answered on next week’s LIVE Periscope.

Write comment (0 Comments)

Two things that caught my attention this week 2/18/19

 

Two things that caught my attention this week, 2/18/19:

  • U.S. DEC. RETAIL SALES FALL 1.2% M/M, BIGGEST DROP SINCE 2009 = yet another sign that the US stock market effectively IS the US economy.
  • EU continues to push ahead aggressively with moves to reduce USD usage in EU energy imports.

Stay connected by joining our weekly newsletter at www.fftt-llc.com.

Get to know Mr. X in my new book, The Mr. X Interviews Vol. I  - available here:  https://amzn.to/2V64pDb.

 

Write comment (0 Comments)

Two things that caught my attention this week 2/10/19

 

Two things that caught my attention this week, 2/10/19:

  1. Why markets are “too sanguine about the possibility of de-globalization”
  2. Foreigners stopped growing UST holdings in 3q14; why that kicked off the “USD short squeeze” & what it could imply for 2019.

Hope that you had a great weekend!  My new book, The Mr. X Interviews Vol. I is available here:  https://amzn.to/2V64pDb.  Stay connected by joining our weekly newsletter at www.fftt-llc.com.

 

Write comment (0 Comments)

Two things that caught my attention this week 2/4/19

 

Two things that caught my attention this week, 2/4/19:

  1. US factory order weakness today = 2018 USD bounce biting; similar to this time last year when “coordinated global growth” was really just 12% USD decline in 2017.  USD must be weakened or else economic weakness will likely continue.  
  2. According to the WSJ, China and Russia have put aside longstanding tensions to cooperate and counter the U.S.  Some say China/Russia alliance won’t last due to historical tensions, may very well be true – but for as long as US has missiles pointed at & only a few seconds of flying time from Moscow, their alliance will continue to grow, if only out of necessity.

Hope that you had a great weekend!  My new book, The Mr. X Interviews Vol. I is available here:  https://amzn.to/2V64pDb.  Stay connected by joining our weekly newsletter at www.fftt-llc.com.

 

Write comment (0 Comments)

Contact Information

Luke Gromen, CFA
Forest for the Trees

For more information on subscribing to our research or other questions, please contact our team at info@fftt-llc.com or call 440.732.0764.