Some headlines from the week: “Fed Officials Signal Slower Pace of Rate Hikes.” “Top Fed Officials Foreshadow Further Slowdown in Rate Increases.” [...]
Please join Doug Noland and David McAlvany this coming Thursday, January 19th, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q4 recap [...]
Bubble: A self-reinforcing, but inevitably unsustainable inflation. Bubbles are a monetary phenomenon, fueled by some underlying source of Credit expansion. If [...]
“US Stocks Suffer Worst Year Since Financial Crisis.” “Stock and Bond Markets Shed More Than $30tn in ‘Brutal’ 2022.” “Nasdaq Closes Out its [...]
For the Week: The S&P500 slipped 0.2% (down 19.3% y-t-d), while the Dow increased 0.9% (down 8.6%). The Utilities rallied 1.5% (down 1.8%). The Banks [...]
Interesting week. The FOMC statement and “dot plot” were viewed as somewhat more hawkish than expected. In his press conference, it was a solid “Balanced [...]
I’ve been eagerly anticipating the Fed’s Q3 Z.1 report. As expected, Credit growth slowed somewhat. At a seasonally-adjusted and annualized (SAAR) $3.284 [...]
Bloomberg’s Jonathan Ferro: “What is it that Chairman Powell did on Wednesday that you disagree with?” Mohamed El-Erian: “I said it contributed to [...]
Greed and Fear. “Risk On” and “Risk Off.” “Markets will do what markets will do.” It’s not unreasonable to accept that today’s markets are [...]
An outlandish aberration, or a distressing sign of the times – and of what’s to come? Curious readers for centuries have been fascinated by the great [...]
How does one chronicle a week like this one? “Sam Bankman-Fried’s $32bn FTX Crypto Empire Files for Bankruptcy.” “What’s Next for Crypto as FTX [...]
The guy sounds like a discerning traditional central banker. Powell is an admirer of Paul Volcker’s fortitude, and he’s clearly drawing inspiration from [...]
