The question is, “For what?” Here’s the answer, not in so many words. Subscribers, click here to download report. Try Lee Adler’s Gold and Mining…
The PBoC did a nice job of stopping a worldwide crash this morning. It pumped a gazillion yuan into their banking system and bankers instantly found a way to get it out of the country to bolster foreign markets.
At home, not so much.
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.
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.
If we accept what is known about the virus, then logic, science and probabilities all suggest we brace for impact.Here’s a summary of what is known or credibly estimated about the 2019-nCoV virus as of January 31, 2019:1. A statistical study from highl…
There’s a lot of that infuriating, “On the one hand–On the other hand,” stuff in today’s report. On the one hand, I hate when that happens. On the other hand, it is what it is.
But the good thing is that there are clear parameters that should tell us what to expect as the week begins.
The fight for containment is on and so is the effort at damage control. Chinese markets are set to open again tomorrow having been closed for days. As has become common practice […]
There was a lot of disquieting information contained within this week’s release of the GDP numbers. Imports, the inventory cycle, capex; even high-tech capex. A growing catalog of parts suggesting the economy is not just leaning the wrong way perhaps accelerating in that direction.
The Federal Reserve added the word “symmetric” to its inflation goal for a reason. Back in May 2018 when it was made official officials made quite a big deal out of it. It was for two reasons, actually, both of them intertwined in the way Economists believe the economic system is supposed to work; and […]
What if bears were right all along? What if it’s not different this time? What if this Fed liquidity inspired rally produced precisely the kind of exuberant final thrust we often see at […]