The problem continues to be, I’m sure, is one of perception. Economists, politicians, and mostly central bankers have been saying for years that the real economy is the one you see in the unemployment rate. Things are booming. The labor market is awesome, even epically tight. Between last year and this year, going by the […]
What took place last year qualifies as a big deal in the world of central banking and moneyless monetary policy.
As an economic system, even the most committed socialists had come to realize it was a failure. What ultimately brought down the Soviet Union wasn’t missiles, tanks, and advanced air craft, it was a simple thing like bread. You can argue that Western military spending forced the Communist East to keep up, and therefore to […]
You can see it in the GDP numbers, even before they were revised.
It usually takes them a little while, a couple of benchmark adjustments to better conform to the true shape.
As usual with everything central banks do, or claim that they will do in the future, the plan was celebrated far and wide.
It’s only a confusing when you just accept the booming economy of the unemployment rate. From this perspective, 2018 was, and more so 2019 is, a downright conundrum. By all mainstream accounts, this just shouldn’t be happening. Home sales are running at a pace similar to 2015 levels – even with exceptionally low mortgage rates, […]
Germany’s industrial struggles in 2019 point the finger in the direction of the US, China, and Asia.
Out here in the real world, monetary policy theater doesn’t play.
In the world of assets classes, I don’t believe it is equities which hold the Federal Reserve’s attention. After the 2006-11 debacle, the big bust, you can at least understand why policymakers might be more attuned to real estate no matter how the NYSE trades. It may be a decade ago, but that’s the one […]
