I have little confidence history will get this right. Today’s overwhelming consensus view holds that Powell this week committed a major policy blunder. After [...]
December 13 – Financial Times (Chris Giles and Claire Jones): “When the European Central Bank switches off its money-printing press at the turn of this [...]
Total Non-Financial Debt (NFD) expanded at a 4.4% annual rate during Q3 to a record $51.324 TN. Since the end of 2008, NFD has increased $16.3 TN, or 46%. [...]
Upon the public release of Jerome Powell’s Wednesday speech came the Bloomberg headline: “Powell: No Preset Policy Path, Rates ‘Just [...]
For the Week: The S&P500 dropped 3.8% (down 1.5% y-t-d), and the Dow fell 4.4% (down 1.8%). The Utilities declined 1.4% (up 1.4%). The Banks lost 2.3% [...]
What ever happened to “Six Sigma”? GE was one of the most beloved and hyped S&P500 stocks during the late-nineties Bubble Era. With [...]
The Dow (DJIA) jumped 545 points (2.1%) in Wednesday’s post-midterms trading. The S&P500’s 2.1% rise was overshadowed by the Nasdaq [...]
The Dow (DJIA) traded as low as 24,122 in late-Monday afternoon trading. By Friday’s open, the Dow had rallied 1,457 points, or 6.0%, to 25,579. [...]
Let’s begin with global. China’s yuan (CNY) traded to 6.9644 to the dollar in early-Friday trading, almost matching the low (vs. dollar) from [...]
From the perspective of monitoring an unfolding global crisis, things turned only more concerning this week. The Shanghai Composite declined to 2,450 in early [...]
Please join Doug Noland and David McAlvany this Thursday, October 18th at 4:00PM EST/ 2:00pm MST for the Tactical Short Q3 recap conference call, “Market [...]
October 3 – CNBC (Jeff Cox): “Federal Reserve Chairman Jerome Powell said the central bank has a ways to go yet before it gets interest rates to [...]
