federal reserve/monetary policy

8 min read 2021-12-06 08:40:13

Weekly Market Pulse: Discounting The Future

The economic news recently has been better than expected and in most cases just pretty darn good. That isn’t true on a global basis, as Europe

1 min read 2021-12-04 08:07:23

168.3 Economic Growth Scare: Are Markets Rightly Scared?———Ep 168.3 Summary———The nominal value of Chinese imports of iron ore, German

7 min read 2021-12-04 08:03:46

This wasn’t meant to be a running tally. In fact, that was my major point in yesterday’s curve inversion missive; the thing inverted, it stayed

6 min read 2021-12-04 04:10:01

There were all kinds of good news in the August payroll report. The Bureau of Labor Statistics would publish an acceleration in headline numbers,

1 min read 2021-12-03 07:57:11

168.2 Federal Reserve HAS NOT rigged the bond market ———Ep 168.2 Summary———The Federal Reserve, and other central banks, buy tremendous

4 min read 2021-12-03 07:48:44

So, the eurodollar curve has inverted. Bad news. Now what? While this is a major milestone in the monetary system’s decidedly anti-inflation/growth

1 min read 2021-12-02 07:18:25

168.1 Market says Powell’s Second Term Already a Failure———Ep 168.1 Summary———Jay Powell has been nominated by President Biden to serve

10 min read 2021-12-02 06:24:35

Stop me if you’ve heard this before: dollar up for reasons no one can explain; yield curve flattening dramatically resisting the BOND ROUT!!!

1 min read 2021-12-01 07:43:58

164.3 Economists Can’t Define Money nor Observe Velocity———Ep 164.3 Summary———M1 and M2 once informed central bank decisions. But the

5 min read 2021-12-01 07:39:11

If markets seem a bit on edge, I guess omicron seems a good reason if for no other reason than we don’t know much about it. But even that reaction

8 min read 2021-12-01 05:25:17

Flatter. The yield curve continues to shrink in the important middle calendar spaces where growth and inflation expectations run the place.

5 min read 2021-11-30 07:47:01

This sour/soar stuff goes back many years. The last time we went through the same hysteria (if for different reasons), everyone said the global

1 min read 2021-11-30 07:36:51

164.2 Beijing’s Sixth Plenum Confirms World Economy Stinks ———Ep 164.2 Summary———Beijing reconfirmed what was made clear in 2017,

6 min read 2021-11-30 05:30:15

It’s always a balance of probabilities tug-of-war. Markets (not stocks) are continuously trying to discern risk since everything is really

1 min read 2021-11-30 05:20:52

164.1 TIC-ked Off About Not Enough Money to Recover Global Economy———Ep 164.1 Summary———America’s September 2021 Treasury International