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The Kobeissi Letter @KobeissiLetterBREAKING: US margin debt jumped by +$112 billion in May, to a record $1.42 trillion.
This marks the 2nd consecutive monthly increase, totaling +$195 billion.
Margin debt has surged +$495 billion, or +54%, over the last 12 months.
Adjusted for inflation, this metric rose +7.9%_________________________
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Monthly Archives: November 2010
Roubini: Here's Why a Gold Standard Won't Work
Following World Bank President Robert Zoellick's comments yesterday that Group-of-20 economies should evaluate using gold as a reference point for market expectations about inflation, deflation and currency values, gold broke through $1,400 an ounce confirming to bulls that the sky, … Continue reading
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David Stockman: QE2 is "high grade monetary heroine"
David Stockman former budget director in the Reagan administration, on lies the Fed is telling markets and the farce of QE: “Some people will tell you that crack cocaine is the most incredible high ever. Okay, I say, let's concede … Continue reading
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