According to analysts and economists who watch these things, Germany’s IFO Business Climate Index was expected to continue its rise. Having purportedly bottomed out back in September, like other sentiment indicators this one had been on the rebound, too, if, though, much less than those others (especially the “stimulus” loving ZEW). While maybe not suggesting […]
The potential for a consequential disruption in China’s supply chains appears to be vastly under-appreciated.Despite the current drop in stocks (less than 1.5% as this is written), there’s a tremendous reservoir of complacency about the econo…
It’s that time of the year again when another exuberant rally gets too cocky, produces massive overbought readings as everybody is trampling long into stocks, is ignoring all the warning signs and […]
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Some market perspectives on this Coronavirus. It was listed as one of the risk factors I outlined in Lurking Risks and it appears to now be indeed market impacting as the virus […]
Restrictions that allow a significant number of people to move about, either with official approval or unsanctioned “black market” activity, cannot stop the spread of contagious diseases.Like everyone else, I’ve been reading the mainstream media report…
And then it happened. Rejection. And with rejection come technical consequences. Perhaps the start of the first correction of 2020, the first correction since the Fed went wild on the intervention front […]
Any development posing risk to China’s vulnerable Bubble rather quickly becomes a pressing global issue.
First they think you’re crazy and then they’ll join you. On January 14th I outlined a rather obvious appearing correlation between the Fed’s repo operations and the market’s behavior: Every day, no […]
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.