CONNECT WITH LIEBLICH & ASSOCIATES
Archives
The price is right, is it??

The price is right, is it??

Published on Sep 23rd 2023

US Stock Market capitalisation / GDP tells us what? (The grey zones are recessions.)

Read the article
Global energy prices take off!

Global energy prices take off!

Published on Oct 9th 2022
Read the article
New Gold Standard?

New Gold Standard?

Published on Aug 20th 2022

Russia’s Ministry of Finance proposes to create a new international standard for the precious metals market  – the Moscow World Standard (Moscow World Standard, MWS), as an alternative to the standard of the London Bullion Market Association (LBMA). It proposes to “put a specialized international exchange of precious metals with headquarters in Moscow”, using the […]

Read the article
Is a recession inevitable?

Is a recession inevitable?

Published on Aug 15th 2022

(hat-tip to Colin Twiggs) The Fed has some catching up to do… …but it won’t take much to send the 3-month rate above the 10-year rate, which historically, has been the precursor to a recession.

Read the article

The Impact of Quantitative Easing

Published on Mar 31st 2021

This 7-minute video by Daniel Lacalle (https://youtu.be/B4yZjKBwHdE), explains what we can expect as a result of the massive Quantitative Easing consequent to the COVID_19 pandemic…

Read the article
Where are the handouts going?

Where are the handouts going?

Published on Mar 12th 2021

In Australia… …and in the USA

Read the article
Debt = GDP

Debt = GDP

Published on Feb 13th 2021
Read the article
Bubble, Bubble… Toil and Trouble…

Bubble, Bubble… Toil and Trouble…

Published on Jan 21st 2021

PEmax eliminates distortions in the price/earnings multiple caused by sharp falls in earnings during recessions. It uses the highest trailing earnings rather than simply the most recent earnings. This provides a better estimate of future earnings potential than using more recent results during a market downturn. The current PEmax of 26.93 in the graph above, […]

Read the article
Biden’s First Spending Blowout

Biden’s First Spending Blowout

Published on Jan 17th 2021

From the WSJ Editorial, 16 January 2021: …“With in­ter­est rates at his­toric lows, we can not af­ford in­ac­tion,” Pres­i­dent-elect Joe Biden de­clared Thurs­day night. He wasn’t kid­ding as he out­lined a $1.9 tril­lion Covid spend­ing plan, which comes on top of the $900 bil­lion Con­gress ap­pro­pri­ated last month, and the $2.9 tril­lion in the spring. […]

Read the article
An Old Foe of Banks Could Be Wall Street’s New Top Cop

An Old Foe of Banks Could Be Wall Street’s New Top Cop

Published on Jan 17th 2021

From WSJ, 16 January 2021, by Paul Kiernan and Scott Patterson: Gary Gensler [who ran the Com­mod­ity Fu­tures Trad­ing Com­mis­sion from 2009 to 2013] is expected to be Joe Biden’s pick to take over the Securities and Exchange Commission. ‘He will do things that are controversial.’ …The fi­nance in­dus­try has thrived un­der the Trump ad­min­is­tra­tion’s […]

Read the article