Gary Tanashian
Founder & Editor @ NFTRH.com
Gary Tanashian is founder and editor of the popular Notes from the Rabbit Hole (NFTRH). Gary successfully owned and operated a progressive medical component manufacturing company for 21 years, keeping the company’s fundamentals in alignment with global economic realities through various economic cycles. The natural progression from this experience is an understanding of and appreciation for global macro-economics as it relates to individual markets and sectors.
Gary Tanashian Articles
Credit expansion, AKA more and more debt, into von Mises‘ Crack-Up-Boom would bring Stagflation at best, and Hyperinflation at worst in the not too distant future.
Under the Federal Reserve system, the U.S. is not a capitalist country, it is a socialist welfare state for the elite, compliments of inflation.
The Silver/Gold ratio trades, my name for a wider commodity rally, are on the cusp of another leg up. You could call them “inflation trades”, but the post-2021 phase and its heavy inflationary effects * saw commodities generally trend...
The commodity rally, such as it has been so far, should take on a new intensity, possibly after a summer cool-down
The gold stock rally is near our long-standing upside target of HUI 500 +/-. Of course, a target is just a target. Not a stop sign. But while today’s bulls were cowering or chasing Nvidia and other sexy headline items back in January,...
Trump is badgering Powell relentlessly about interest rates. Aside from being great theater (of the absurd), the odds are near zero that the Fed will cut in June and very small they’ll cut in July. CME Group, which we have noted tends to...
With the tariff/trade war drums fading lately, the logical conclusion is “inflation trade upcoming!” and cyclical markets – including, or even especially commodity-related stocks – gaining a bull phase as trade bottlenecks open back up.
The chart of SPX and gold shows that volatility was hard-wired into a macro market situation that had been relatively normal prior to August, 1971.
What was good for the bullish goose (sentiment extremes in March-April) is going to be good for bearish gander as well.
“Stagflation or Deflation?”; one will come first. As the Fed’s Michael Barr notes, tariffs will put upward pressure on prices of items subject to said tariffs.
