ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
June 9, 2023 | US Hotel Developers Hit By Drying Up Credit
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.
Negative Interest Rates return almost $2 trillion to Bank of Japan
Listen to Podcast:
STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.
Bob Hoye Archives June 9th, 2023
Posted In: HoweStreet.com Radio
Hi Bob, hi Jim. Marketwatch Headline: “Recession? Who cares! Deutsche Bank shares Goldman’s bullish stocks view as banks split on downturn.” This reminds me of the great Patti Page song, “Is That All There Is” in which she tells of watching her childhood home burning down and saying to her father, “Is that all there is”. So recessions, deficits, liquidity problems, and wacko economic policies don’t matter, so who cares! So the markets, like life, always march forward. Bob, should we “tune-out” the looming recession and join Patti in singing “break out the booze and have a ball—if that’s all there is”? Why worry about a silly recession as the Fed always provides plenty of booze to keep the party going and put out fires? But somehow I feel that the house this time is about to burn down to the ground and it’s time to get out. Bob, should we say “bull” to recession fears or be running like “bears” to the fire exits?
Hello Bob and Jim. The CNN Fear/Greed Index is again in the extreme greed zone. The German DAX reached new all time highs even though Germany has been in recession for two quarters and industrial production is declining. The NASDAQ is skyrocketing and some pundits predict a new all time high in a matter of days (if not hours). I thought that the markets are suppose to decline as the Fed reduces liquidity. The Fed maintains that it can “drain liquidity” from the markets to reduce inflation but they can’t even “drain the swamp” in Washington. Despite the fact that the Fed is raising rates, there still seems to be a lot of “gambling liquidity” out there. Bob, I’m confused. Where is the “overdue “crash” that everyone was talking about earlier in the year due to a “liquidity crunch”? A final “paranormal” question for both Jim and Bob. The more tyrannical Justin Trudeau gets, the more he resembles Fidel Castro. Do you think that he has been possessed by the spirit of the late Castro?