The last time we looked at the Composite Liquidity Indicator (CLI), 4 months ago, I warned that the process of flattening the indicator was beginning,…
Federal tax collections looked strong for the full month in February. Don’t be fooled. It was an illusion due to a calendar effect and inflation.…
I’ve been doom scrolling my newsfeeds for the past few days, not getting much work done. What a catastrophe. War in Europe, just 120 miles…
Not much has changed since our last look at Primary Dealer data 4 weeks ago. The script is playing out. It’s Greek tragedy, because we know what’s coming. I’ll recount what we’ve already said, and add plot embellishments from current data that the Fed posted Thursday, that’s up to date through 10 days ago.
The Federal budget deficit is shrinking as the economy experiences an inflationary boom. This is just what the Fed was hoping for, but inflation has obviously gotten away from them. It will only get worse as the lagging rent component of CPI will push the total index higher, even if and when the other components begin to moderate.
The US economy is going gangbusters, but the Fed has created and is imminently facing the greatest crisis in its history.
Here’s the latest in this ongoing financial soap opera for the ages.
The US economy is going gangbusters, but the Fed has created and is imminently facing the greatest crisis in its history.
Here’s the latest in this ongoing financial soap opera for the ages.
The US economy is going gangbusters, but the Fed has created and is imminently facing the greatest crisis in its history.
Here’s the latest in this ongoing financial soap opera for the ages.
The US economy is going gangbusters, but the Fed has created and is imminently facing the greatest crisis in its history.
Here’s the latest in this ongoing financial soap opera for the ages.
The conditions we were looking for last month have happened. It sets up a perfect storm. But we are ready for it.