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August 21, 2020 | Why are Triple “C” Bonds Popular?
Bob Hoye
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.
Forcing Low Interest Rates Evil
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Bob Hoye Archives August 21st, 2020
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Bob, this Fed-induced stock market mega-bubble, occurring in the middle of a severe financial contraction, reminds me of that Johnny Mercer 1955 song “Something’s Gotta Give”. It was first preformed by Fred Astaire in the film “Daddy Long Legs” and then later by Ella Fitzgerald and Frank Sinatra. I realize that Fed Chair Powell isn’t Frank Sinatra or Fred Astaire but investors are still dancing and singing along to the sound of the Fed printing press and forward guidance. Bob, if “something’s gotta give” in this inversely related stock market and Main Street economy, then what will that be?