Argentina is going full Volcker! That is, raising the central bank rate to cool inflation like Fed Chair Paul Volcker did in 1979-1981
Pending home sales for August fell 2.5% YoY as mortgage rates continue to rise.
My Kuroda! Haruhiko Kuroda, the Governor of the Bank of Japan (BOJ), is realizing that his “loose” or “zero interest rate” monetary policies are hurting Japan’s pension fund. Just like The Federal Reserves’ low interest rate policies have done the same to US pension funds. (Bloomberg) — The world’s largest pension fund is the latest in … Continue reading My Kuroda! Bank Of Japan’s Yield Curve Management Killing Japan’s Pension Fund →
There was a 100% probability of a rate hike for today’s meeting. And yet when the Fed Funds Target Rate was raised to 2.25%, … the S&P500 index rose immediately, then shriveled like a month-old taco. The 10 year Treasury yield dropped after briefly rising. And the US Treasury 10Y-2Y slope flattended after the meeting. … Continue reading The “No-Surprise” Fed Announcement: One More Rate Hike in 2018 According To Fed’s DOTS PLOTS, 10Y-2Y Slope Flattens →
Mall retail anchor JC Penney is yet another victim of the on-line shopping revolution.
Stock buyback announcements by U.S. public companies have already reached $827.4 billion in 2018. Here’s what it means.
There is little doubt that the FOMC will vote for a rate increase when it is announced at 2PM EST. Here’s what it means.
Slowdown! The Case-Shiller home price indices are out for July. And US home prices rose 6% YoY.
Hong Kong, with a stressed housing market with staggeringly high prices, just saw a surge in interest rates.
Is the music over for housing construction and the housing bubble? L