US financials have never been so expensive and risk indicators have never been so skewed.
Amid all the ferocious market rallying there’s a gap building and nobody seems to notice, and nobody seems to care. I say: Mind the gap. The banking index, much like the rest […]
The worship of mortals as demi-gods and faith in Golden Idols triggers a turn in the karmic wheel as near-infinite hubris invites divine retribution.In case you missed it, here’s a snapshot of the most recent Federal Reserve board meeting:It’s certainl…
The Bureau of Labor Statistics (BLS) has begun the process of updating its annual benchmarks. Actually, the process began last year and what’s happening now is that the government is releasing its findings to the public. Up first is the Household Survey, the less-watched, more volatile measure which comes at employment from the other direction. […]
Now that we have an open admission from the Fed that their balance sheet expansion is exacerbating asset prices and creating excess and imbalances (see Ghosts of 2000) the term bubble can […]
What was deemed acceptable monetary policy badly mutated. Seemingly perpetual bubbles have consequences.
Finally. A glimmer of cognition. An admission. A sense that the Fed knows, but is largely unwilling to admit it. But Dallas Fed president Kaplan let it slip, the truth everybody already […]
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.
“Protectionism” and more so its depressing “sentiment” are the causes of 2019’s global economic ills.
Some quick takes here on events of the day: The lunatics are running the asylum and they pretend to be the sane ones. The Fed is not letting up on their liquidity […]