My interest was piqued by a Friday Bloomberg article (Ben Holland), “The Era of Cheap Money Shows No One Knows How Monetary Policy Works.” “Monetary [...]

I’ve been anxiously awaiting the Fed’s Q4 2018 Z.1 “Flow of Funds” report. It provided the first comprehensive look at how this period’s market [...]

For the Week: The S&P500 added 0.4% (up 11.8% y-t-d), while the Dow was little changed (up 11.6%). The Utilities slipped 0.3% (up 8.0%). The Banks [...]

December’s market instability and resulting Fed capitulation to the marketplace continue to reverberate. At this point, markets basically assume the Fed is [...]

The world is now fully embroiled in a most precarious period. I wonder if the Fed is comfortable seeing the markets dash skyward – the small caps up 16.4% [...]

February 8 – Bloomberg (Brian Chappatta): “Bond traders are dusting off their tried and true post-crisis playbook after the Federal Reserve’s pivot last [...]

January 30 – Financial Times (Sam Fleming): “After putting traders on notice six weeks ago to expect further increases in US interest rates in 2019, the [...]

For the Week: The S&P500 slipped 0.2% (up 6.3% y-t-d), while the Dow added 0.1% (up 6.0%). The Utilities increased 0.7% (up 0.6%). The Banks added 0.7% (up [...]

Please join Doug Noland and David McAlvany this Thursday, January 24th, at 4:00PM EST/ 2:00pm MST for the Tactical Short Q4 recap conference call, “The [...]

Please join Doug Noland and David McAlvany Thursday, January 24th, at 4:00PM EST/ 2:00pm MST for the Tactical Short Q4 recap conference call, “The 2019 [...]

“Goldilocks with a capital ‘J’,” exclaimed an enthusiastic Bloomberg Television analyst. The Dow was up 747 points in Friday trading (more than erasing [...]

“Money” challenged – and often confounded – economic thinkers for centuries. It functions both as a “medium of exchange” and “unit of [...]