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November 1, 2019 | China’s Unbelievably Big Bond Issue

Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.

Is the US Fed Losing Its Potency?

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Archives November 1st, 2019

Posted In: HoweStreet.com Radio

2 Comments

  • Avatar Kate from California says:

    It seems like the equity markets believe that the Fed’s POMO operations are going to lift stocks. But that assumes that there will be ample “excess liquidity” available for banks to buy stocks. I thought that these emergency POMO operations were necessary for banks to increase their reserves to cover non-preforming loans and also to help them meet their obligations as primary dealers in the treasury market as treasury bond issuance accelerates due to skyrocketing debt. Bob, what really is the purpose of this latest round of money printing?

  • Avatar Mike from Burbank says:

    The ten year treasury rate is surging upward of late. Are we heading towards a 3.0% or higher yield again? If there is a severe market sell-off, then will we ever see a 1.50% yield again like this past summer or are those days gone forever? An additional question for Bob. This market feels like late 1999 heading into that fateful reversal in May 2000. Will 2020 be another 2000?

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