The new global easing cycle has begun before the last one ended.
Recent tax trends, not just in real time withholding taxes but also in excise tax collections data, still don’t give the Fed an excuse to…
As gold consolidates we are holding our mining picks with adjusted stops. All 6 are in the green. Click here to download report. Try Lee…
All asset “wealth” in credit-asset bubble dependent economies is contingent and ephemeral.A funny thing happens to “wealth” in a bubble economy: it only remains “wealth” if the owner sells at the top of the bubble and invests the proceeds in an as…
This week sets up a significant inflection point. Once the Fed has done its dirty work, the market should have a good sized move. The…
New York | Last week The Institutional Risk Analyst participated the Ginnie Mae Summit in Washington. The event was packed and featured some important discussions about the state of the residential mortgage market. We received applause from the audience for suggesting that FHA resolution costs for defaulted loans should be the same as the GSEs. But hold that thought. And there were lighter moments. Federal Housing Finance Administration head Mark Calabria continued to backpedal skillfully
Clever markets. Many index charts have camped themselves inside tight key price zones ahead of the Fed meeting this coming week leaving potential for important breakouts or equally important breakdowns. The trigger […]
Risk on/risk off speculative dynamics now exert an acutely destabilizing impact on financial conditions.
Whether or not a full-scale recession shows up in the US is an open question. There’s less of one in US industry. The “manufacturing recession” we last saw of Euro$ #3 is becoming clearer as a repeat property in Euro$ #4. According to the Federal Reserve, May was a relatively good month for industry – […]
Tax collections were strong in May except for a dip that coincided with the Nonfarm Payrolls survey. Here’s why that’s unequivocally bad news for the…
