You’d think that the drop in yields and a Fed about to cut rates would’ve brought about some relief to credit card bills. No Sir. And you might think that the highest […]
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.
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.
It’s that time of the year again, the ritual $VIX crushing as markets are relentlessly drifting into the Sell Zone in anticipation of rate cuts from the Fed and more stimulus from […]
That we fall for the fakes and cons is understandable, given that’s all we have left in the public sphere.What do we mean when we say corporate media is fake? We mean it’s a carefully crafted con, a set of narratives, cherry-picked data and heavily mas…
Contrary to conventional wisdom, raising the debt ceiling is normally bearish. When the debt ceiling is in force, it’s bullish. That’s not opinion. It’s an…
Yesterday, I posted this report with the intro from the June report. This version corrects that error. I apologize for the confusion! Click here to…
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 […]
