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
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
168.3 Economic Growth Scare: Are Markets Rightly Scared?———Ep 168.3 Summary———The nominal value of Chinese imports of iron ore, German
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
There were all kinds of good news in the August payroll report. The Bureau of Labor Statistics would publish an acceleration in headline numbers,
168.2 Federal Reserve HAS NOT rigged the bond market ———Ep 168.2 Summary———The Federal Reserve, and other central banks, buy tremendous
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
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
Stop me if you’ve heard this before: dollar up for reasons no one can explain; yield curve flattening dramatically resisting the BOND ROUT!!!
164.3 Economists Can’t Define Money nor Observe Velocity———Ep 164.3 Summary———M1 and M2 once informed central bank decisions. But the
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
Flatter. The yield curve continues to shrink in the important middle calendar spaces where growth and inflation expectations run the place.
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
164.2 Beijing’s Sixth Plenum Confirms World Economy Stinks ———Ep 164.2 Summary———Beijing reconfirmed what was made clear in 2017,
It’s always a balance of probabilities tug-of-war. Markets (not stocks) are continuously trying to discern risk since everything is really
164.1 TIC-ked Off About Not Enough Money to Recover Global Economy———Ep 164.1 Summary———America’s September 2021 Treasury International