Global “Risk Off” gathers momentum by the week. Crisis Dynamics fester, as global central banks coalesce around a united front for battling inflation. The [...]
I appreciate that Jay Powell is no ideologue. His Fed has made some historic missteps, and Powell as Chair has sometimes flailed. But I’m willing to cut him [...]
It was in ways business as usual. “Risk off” had attained powerful momentum globally back in July. De-risking/deleveraging dynamics were increasingly [...]
Wednesday’s CPI release was telling. July consumer price inflation data were somewhat better than forecasts. Instead of increasing 0.2%, headline CPI was [...]
Bloomberg’s David Westin (Wall Street Week, July 29, 2022): “What do you economists do when you put together these neutral rates?” Larry Summers: “I [...]
For the Week: The S&P500 rallied 4.3% (down 13.3% y-t-d), and the Dow rose 3.0% (down 9.6%). The Utilities surged 6.4% (up 2.4%). The Banks gained 2.1% [...]
First vacation in a while, so coverage will be spotty for the next week or so. And I’ll try to finish up this week’s CBB news story extracts when I [...]
Please join Doug Noland and David McAlvany this coming Thursday, July 21st, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q2 recap [...]
The late-nineties U.S. “tech” Bubble was financed, at the margin, by high-yield debt (telecom, in particular), speculative hedge fund levered finance, and [...]
“In 1939, a brief proposal auspiciously titled ‘A Program for Monetary Reform’ was circulated among economists in the United States. Written in the wake [...]
Is the market bottom in, or is this more a replay of the fleeting Q1 quarter-end bear market rally? Is the “fix in” for European bonds? Does Kuroda’s [...]
We’re striving for context and perspective. In this incredible environment, feelings of insecurity and apprehension are inescapable. But we can work hard to [...]
