Simon Phillips, Author at Aurum Echo

February 2, 2020

PIN FINDS BUBBLE

by Simon Phillips in Blog

As we’ve mentioned many times since the Repocalypse of September 2019, the Great Financial Bubble is, one day, going to pop. Since our last note, we’ve been grappling with sharing the very complicated “pointy end” of systemic weakness, in an over-leveraged, derivative laden, fractional reserve financial system of minimal collateral. Like, Corporate Financial Clearing house […]

January 16, 2020

THE CRESCENT THREAT

by Simon Phillips in Blog

Well, welcome to a new decade! What a start, no shortage of market moving news to distract the best laid holiday plans. So far, Australia begins to count the cost of fire disasters as the Middle East (ME) looked like firing up and, this week, we’ve had, what seems like, the 12th US/China trade deal in […]

December 16, 2019

REPOCALYPSE 2019

by Simon Phillips in Blog

As big as the win last week was for “Brexit”, as small as the “huge” Trump trade deal is, no news of the last week *Trumps* the gargantuan US Fed promise of 500BILLION to a frozen short term REPO money market over the next few weeks, just to keep the engine running and stock markets […]

November 25, 2019

ZERO BOUND?

by Simon Phillips in Blog

Welcome to a new economic week. Last week we were forced to carefully reconsider, not just the continuance of Australian rate (down) trends, as demonstrated in the charts below but also the emergence of “the word”, inflation. What if rates were to fall to 0.50% and the cost of living went up by 5% in […]

October 21, 2019

BETTER TO BE 3 HOURS TOO SOON THAN A MINUTE TOO LATE

by Simon Phillips in Blog

Before we start with some commentary around the IMF downgrade to Australian GDP last week, let’s deal with something equally as meaningful to investors. In our last note, we tried to explain the US fed’s solution to a frozen short term lending market, to send fresh money, out of thin air, into said market. And […]

October 1, 2019

IT…IS…BACK

by Simon Phillips in Blog

Well, for those waiting for a “tell” of stress in monetary plumbing issues, there is nothing like a blink by major banks. Like “primary dealers” not wanting to fund each other’s short term needs. This actually happened last week and continues through this week, so far. It’s a difficult story to simplify so please excuse […]

September 10, 2019

WECONTAINED?

by Simon Phillips in Blog

Last weekend, in Europe, current Fed Chair Jerome Powell, in a reminder of 2008 (back when “the bank” Bernanke told us that subprime was “contained”) referred to current chances of global recession as “contained”. Contained to where? Planet Earth?? This almost guarantees global a global recession is already under way. What a menagerie of over-educated […]

August 28, 2019

TWEET TWEET

by Simon Phillips in Blog

It’s fair to say that last weekend’s POTUS Tweetfest was unhelpful to a rapidly deteriorating Global Economy. For those who missed it, here’s a summary below, courtesy of Zerohedge: “Jerome Powell’s Jackson Hole speech was supposed to be the most important event of an otherwise sleepy, August day, after which traders could quietly exit for […]

July 12, 2019

CONTROLLED BURN

by Simon Phillips in Blog

To some, the main event of the new Australian Financial Year was the RBA’s continued commitment to 0% interest rates for borrowers and -% for depositors. We agree this is important. Before we get to commentary around Aussie rates we’d like to make sure you didn’t miss the move of the Systemically important Global behemoth, […]

June 25, 2019

SILENCE IN THE ECHO CHAMBER, ALL UNDER CONTROL …

by Simon Phillips in Blog

Confirmation over the last six months of central bank commitment to solving a debt and credit crisis with more of the same is really starting to take effect. It’s truly amazing, that with the prospect of slowing global economic growth and recession looming, Central bank buildings around the world, full of PhD’s, are nothing more than a […]

All posts by: Simon Phillips

PIN FINDS BUBBLE

THE CRESCENT THREAT

REPOCALYPSE 2019

ZERO BOUND?

BETTER TO BE 3 HOURS TOO SOON THAN A MINUTE TOO LATE

IT…IS…BACK

WECONTAINED?

TWEET TWEET

CONTROLLED BURN

SILENCE IN THE ECHO CHAMBER, ALL UNDER CONTROL …

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