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Watch CIO Chris Recker discuss the bubble characteristics of U.S. markets and why it's unlikely these valuation levels can be sustained. Recorded 7/2/21 on TDAN.
Fiscal and monetary policy has effectively sacrificed the economy for the stock market's benefit. In the past, similar asset bubbles have resulted in “dead money."
A look at possible long-term effects of today's unprecedented monetary expansion and direct fiscal transfers to individuals and local governments.
The demise of many short sellers over the last decade might be a canary in the coal mine as central bank policy threatens market function.
CIO Chris Recker joins host Oliver Renick to discuss the disconnect between the economy and the markets. Recorded 1/5/21 on the TD Ameritrade Network.
The economy is witnessing an unholy trinity of false ideas, weakened institutions, and malign interests converging to stymie its long-term health and resilience.
Watch CIO Chris Recker on Market on Close discuss the Fed's impact on asset prices and projected returns. Recorded 12/7/20 on the TD Ameritrade Network.
Today, the U.S. has an asset bubble comparable to Japan’s in 1989-1990, and so how Japan navigated an exit from their bubble can yield stylized insights on what might be in store for the U.S.
Long term investment – the type that yields a future return - may be the best tonic for real, sustainable growth that creates jobs and lays the foundation for economic strength.
Watch CIO Chris Recker on the TD Ameritrade Network discussing current market conditions, risks, and opportunities. Recorded 10/6/20.
The Fed's Monetary Review looks like a continuation of the Greenspan school. If the Fed is successful in generating significant inflation, impacts on markets could follow.
We are now witnessing the recession that is following the depression. Job markets are troubled. The official unemployment rate in no way communicates reality of U.S. labor markets. Over 55 million initial jobless claims or nearly 33% of February labor force levels have been filed since March 12th.
Excerpt of CIO Chris Recker on the TD Ameritrade Network as he discusses economic fundamentals and their detachment from the market rally. Recorded 8/6/20.
CIO Chris Recker appeared on the TD Ameritrade Network to discuss current market conditions and underlying risks. Recorded 6/26/20.
Through massive levels of unemployment and extreme factors pressuring small businesses, the pandemic shutdowns have introduced a new dynamic that could hinder the recovery.
Instead of investing in the future of the U.S. with initiatives that seek a pay-off, recent bailouts and market manipulations will only hamper long-term growth. Is the U.S. heading toward Japanification?
The U.S. has failed to grow. Doubling down on the policies of the past twenty years is a recipe for further failure. It's time to go American School, again.
The West will face some difficult truths as it confronts this health, economic, energy and financial crisis. We will emerge as a stronger, more self-sufficient and humane civilization.
CIO Chris Recker joins the TD Ameritrade Network remotely to discuss the impact of Covid-19 on the markets, economic conditions, and China relations. Recorded 3/19/20.
CIO Chris Recker joined the TDAN panel to discuss the precarious posture of the stock market, deteriorating fundamentals, and coronavirus risks. Recorded 2/20/20.
Cracks that started before the world knew the term coronavirus (Covid-19) have now come under more pressure, as we digest the potential of a pandemic emanating from Wuhan, China.
By many measures the U.S. stock market is in a bubble. Valuations need to be justified by growth. Markets have diverged from fundamentals based on current and future expected performance.
In the midst of a Capital War, the China Lobby is deftly pushing for American retirees and pensions to help fund an asset bubble in China, and their vehicle of choice is the ubiquitous index fund.
China’s foreign currency reserves are too low to support its asset bubble and money supply. The CCP’s diminished ability to drive global growth could reduce the costs of U.S. decoupling.
CIO Chris Recker joined the Market on Close panel at TD Ameritrade Network to discuss global themes related to a USD shortage and higher cost of capital. Recorded 11/21/19.
The IMF's latest Global Financial Stability Report estimates a staggering amount of global corporate debt-at-risk. But, is the problem contained?
The Federal Reserve's policy course change has ushered in a new wave of monetary easing. Are they signaling a severe level of concern?
Video clip of CIO Chris Recker on the TD Ameritrade Network discussing what the Fed may be indicating with their current policy. Recorded 10/21/19.
In 2008 short-term funding markets experienced issues that led to Fed intervention. They were a sign of increasing counterparty risk. Today, are the repo markets calling out again?
The U.S. dollar is at the heart of the international order, but stability is in jeopardy as the conflict between the U.S. and China intensifies.
Sequence risk can impact several types of investors, including 401(k) savers, current retirees, and endowments. We illustrate the effects with basic examples.
TD Ameritrade invited CIO Chris Recker to discuss the wild swings in the repo market and his outlook on the economy. Recorded 9/17/19.
China has been executing an unrestricted, all domain war against the United States for decades. We review select methods and effects.
Valuations in the U.S. are at extremes only seen a handful of times in history, including 1929. This time there is a trade war and excess capacity outside of the United States.
Watch Chris Recker on TD Ameritrade Network discuss economic trends, housing, China-Germany trade, high yield credit, and value investing. Recorded 8/12/19.
CIO Chris Recker joined the Market on Close panel to discuss recent pharma M&A activity and the food delivery business. Recorded 6/25/19.
CIO Chris Recker joined the Market on Close panel to discuss the state of the markets, China, trade, and monetary policy. Recorded 4/15/19.
Watch Chris Recker on TD Ameritrade Network discuss Apple (AAPL), 5G, China, and semiconductors. Recorded 3/14/19.
TD Ameritrade Network invited Chris Recker to join The Closers panel to discuss M&A activity in tech and airlines. Recorded 1/28/19.
CIO Chris Recker joined the Market on Close panel to discuss the recent slide in Caterpillar (CAT), China, and global dollar funding. Recorded 10/23/18.
Watch Chris Recker on TD Ameritrade Network discuss REITs, utilities, homebuilders and other sectors impacted by interest rates. Recorded 10/8/18.
TD Ameritrade Network invited Chris Recker to discuss interest rates, yield investments, technology, Tesla, and the search for value in a hot stock market. Recorded 9/7/18.
CIO Chris Recker discusses Federal Reserve interest rate hikes, economic data, and a flattening yield curve on the TD Ameritrade Network. Recorded 8/21/18.
CIO Chris Recker was featured on TD Ameritrade Network to discuss Fed policy expectations and the potential effect on risk asset prices. Recorded 5/3/18.