Peter Fisher, head of fixed income at BlackRock, finds little reason for the Fed to act, addressing the four rationales under which it might, and…
On January 25th we got word from the Fed that ZIRP would be extended until at least 2014. Bernanke’s guarantee of another two years of cheap-cheap money has lifted the market’s animal spirits. Since the Fed announcement (33 trading days), the S&P g…
The economy will expand if you believe it is expanding–because you’ll be “animal spirited” into buying a lot of stuff on credit that you can’t afford.
It all boils down to perception–that’s the insight at the heart of the Grand Game of Percept…
A Martian psychoanalyst observing the US Superbowl on TV would be shocked by the vicious animal spirits emanating from that spectacle, starting with the triumphal trumpet blasts borrowed straight from the old 1950s Hollywood epic movies echoing the prideful mis-steps of ancient Rome, along with the by-now clichéd CGI trick in the opening credits of gleaming metallic heraldic insignia spun into a military cordon of stars so as to protect the tender collective…
EUR CL ES NQ YM etc. all jumped at once. Don’t see any news. Either somebody knows something, or else someone is putting on the squeeze play.
Correlation is running so high, everything is just jumping or dumping together. Risk-on/Inflation trade, o…
Analysis: A divergence of sentiment and reality?
On Wednesday October 19, 2011, 6:36 am EDT
By Michael Dolan
LONDON (Reuters) – If there’s nothing to fear but fear itself, as President Franklin Roosevelt contended during the Great Depression, then th…
The Federal Reserve and the Federal government are both desperately attempting to “manage perceptions” of the bogus “recovery” and of their own legitimacy. Can “managed perceptions” replace reality?
The Federal Reserve is quite open about the ulti…
This SeekingAlpha piece looks at how the “experts” are trying to get Mom and Pop back into the markets…an excerpt, then the link…
As noted here on a few occasions previously, while Congress considers whether to remove the central bank’s “ful…
(be forewarned, this is a long post)
Thesis:
Economic growth and the excitation of ‘animal spirits’ can only occur in a supply constrained environment.
What the supply/demand balance looks like through the seasons of Kondratiev:
Spring comes when t…
The Fed bought $2.1 billion as expected today to complete the monthly round of purchases. The next monthly round should be announced on Monday or…
