David Sommers
@dgsommersmkts
Sharing data, history, independent thought on markets, gold, life, liberty. Not investment advice/marketing Retweets≠endorsements. Do your own due diligence.
Fed Chair Paul Volcker, February 25, 1982: "The vision I have for the 1980's is, in important respects simply the mirror image of the 1970's. Then, inflation accelerated to the point where it became the expected norm and fed upon itself. Like walking through a "fun house" at a…
The way to happiness is: Keep your heart free from hate, your mind from worry. Live simply, give much. Fill your life with love. Do as you would be done by. The Buddha
This chart is a great barometer for investment cycles in the mining industry: Where are we today, in my view? Early, undervalued, and ascent. H/t to my friend @ronstoeferle
The majority of Boomers currently prefer "aging in place," which until now has kept millions of homes off the market, but as they age further and eventually leave these homes, supply will increase substantially. 📌
👆👆👆 ““Between 13.1 million and 14.6 million Boomers are projected to exit homeownership between 2026 and 2036, sparking concern in the housing industry that such a surge in inventory could trigger a price collapse,” Berkshire Hathaway HomeServices added.” Similar to this WSJ…
@RepThomasMassie is the best advocate for limited government in Congress.
This is why the swamp wants me gone.
The Treasury released their borrowing estimates. $1.6T in net new debt issuance over the next two quarters. About $500B of it is the TGA refill.
Another action packed 14 minutes of ideas from @VanceGinn here on our broken healthcare system, and on how to improve the system and outcomes for patients. Lots of ideas, as always, from Vance. Worth your time to watch.
America’s healthcare system is the most expensive in the world, costing nearly $5 trillion annually—almost $15,000 per person. Yet despite that staggering price tag, millions of Americans still struggle to access basic care. Routine procedures are delayed for months, providers…
Certainly worth watching.
lowest foreign demand for 5Y Treasuries since 2022
Trump Announces a 15 Percent Tariff Deal With the EU But There Is No Deal @tyillc @jlounsbury59 @USRoute41 @FM_NoAlgos @mtmalinen @jimiuorio @JonFraserTF @GratkeWealth Two Problems: Trump is exaggerating the deal. And Ursula has no signing authority. mishtalk.com/economics/trum…
This:
The White House is celebrating tax increases & price hikes on Americans. Tariffs are arbitrary barriers that don’t simply impact foreign products; they also make U.S. goods & services more expensive by reducing supply & competition, benefiting the few at the expense of the many.
⚠️The level of GREED has hit historic levels: US margin debt rose $87 BILLION in June and has surpassed $1.0 TRILLION for the first time EVER. In the past, spikes like this occurred near major corrections, in 1999 or 2007. People are borrowing to buy stocks as NEVER before.
Gold knows this...
Global money supply is soaring: China’s M1 money supply is now up +4.6% YoY, to a record $16 trillion. This marks an acceleration from the +2.3% increase in May and the +0.4% increase at the start of the year. China’s M1 is twice as large as the US’s M1, excluding savings…
Market-based inflation expectations over the next 5-10 years have risen to the highest levels in almost two years, at an implied 2.44%.
Go Central Banks Go. Got Gold? 🧐
Global money supply is skyrocketing again. Don't just look at central bank policy rates; global liquidity is spiking. So, while many experts are copy-pasting each other by showing the Shiller PE valuation (of the United States only), why not correct valuation for global liquidity…
Trump, EU Reach Tariff Deal To Avoid Trade War zerohedge.com/markets/trump-…
The Depopulation Bomb, Two Economists Make the Case for Humans @tyillc @jlounsbury59 @USRoute41 @FM_NoAlgos @mtmalinen @jimiuorio @JonFraserTF @GratkeWealth @dgsommersmkts Global fertility is plunging, barely above the replacement rate. mishtalk.com/economics/the-…
A "massive week" upcoming for the markets indeed... Fed rate decision and jobs report back to back. Lots to digest.
Key Events This Week: 1. CB Consumer Confidence data - Tuesday 2. June JOLTs Job Opening data - Tuesday 3. Q2 2025 GDP data - Wednesday 4. Fed Meeting and Interest Rate Decision - Wednesday 5. June PCE Inflation data - Thursday 6. July Jobs Report - Friday We have a…
LUTNICK: NO MORE EXTENSIONS TO AUGUST 1 DEADLINE FOR HIGHER TARIFFS