Unique “global government finance Bubble” dynamics some years back compelled an adjustment to one of my favorite maxims. Instead of doubling, Bubbles [...]
Money Market Fund Assets (MMFA) surged $70.5 billion last week to a record $6.111 TN. MMFA have ballooned $1.553 TN, or 34.1%, since the Fed initiated its [...]
Another remarkable quarter. Financial conditions loosened further, building on the Fed’s Q4 dovish pivot. The spectacular risk asset melt-up was ongoing. [...]
Powell: “I would say the January number, which was very high, the January CPI and PCE numbers were quite high. There’s reason to think that there could [...]
I often find my thoughts returning to the great German economist, Dr. Kurt Richebacher. This week, it was his analysis that inflation comes in various forms, [...]
The Federal Reserve’s “Financial Accounts of the United States – Z.1” – where the rubber meets the road. Our quarterly read on systemic [...]
Before quickly moving on to March and beyond, posterity beckons for some documentation of an extraordinary February. For the month, Bitcoin surged $18,972 [...]
“Periphery and core” and global government finance Bubble analytical frameworks continue to offer a fruitful perspective for better understanding today’s [...]
It was an illuminating week, especially Tuesday. January’s CPI data confirm that inflation is anything but dead and buried. Headline inflation rose 0.3% for [...]
A few headlines: WSJ: “Deflation Tightens Grip on China’s Economy.” FT: “China’s Prices Fall at Fastest Rate in 15 years as Economy Battles [...]
CNBC’s Jeff Cox: “Just kind of looking to put it all together, you talked about basically the economy looking strong, with 3.3% annualized growth in the [...]
Could the backdrop going into next Wednesday’s Powell press conference be any more intriguing? The economy has gained a head of steam since the FOMC’s [...]
