QE Leads to Investor “Beer Goggles”
Here’s CNBC’s Jim Liesman talking about comments by Richard Fisher, Dallas Federal Reserve President and voting member of the Fed’s policy committee this year, on the subject of how the central bank’s...
View ArticleGrant: Fed Mischief = Bull Market
Jim Grant of Grant’s Interest Rate Observer didn’t comment on today’s departure of Federal Reserve Chairman Ben Bernanke in this CNBC video, but he did share some thoughts on why Fed policies will end...
View ArticleNew Month, Same Market?
Axel Threlfall of Reuters discusses the latest batch of disappointing economic data around the world that has prompted another slide in emerging market shares, this following a dismal end of the month...
View ArticlePimco Needs a “Wambulance”
This entry from the always interesting (if sometimes typographically and grammatically challenged) Urban Dictionary describes what billionaire bond king Bill Gross at Pimco and outgoing Pimco CEO...
View Article“The New Paradigm Now, or Something”
Here they are over at CNBC late yesterday afternoon talking about how Federal Reserve Chair Janet Yellen, in her inaugural press conference, threw a cat amongst the pigeons by suggesting that interest...
View ArticleWe Again See Real Estate As Best Investment
The latest Gallup survey on investment preferences in the U.S. puts real estate ahead of gold and stocks for the first time in at least a few years in yet another example of how most people (at least...
View ArticleStill Dancing in 2014
I feel compelled to pass along these comments from Doug Noland’s latest Credit Bubble Bulletin and, while reading them, it might be useful to recall what Mark Twain once said about history rarely...
View ArticleWarren, Yellen, and Too Big to Fail
It appears they left the best for last yesterday as Sen. Elizabeth Warren (D-MA) closed out day one of Fed Chair Janet Yellen’s semi-annual monetary policy report to Congress with this wholly...
View ArticleStocks or Bonds: Which Has It Right?
Much has been made about the rather disturbing trend this year for the price of just about every asset class to go up. As shown below, stocks and bonds normally go in opposite directions over long...
View ArticleFaber: “A Bubble In Everything, Everywhere”
Marc Faber, the purveyor of the Gloom, Boom, and Doom report, talks about the current course of asset prices and how things might end badly someday as the Federal Reserve contemplates raising interest...
View ArticleAnticipation
My favorite chart from the Jeffrey Gundlach/Doubleline Capital presentation the other day. This one was pretty good as well – a stroll down memory lane at the last interest rate normalization campaign...
View ArticleThe Fed’s “smooth, fully anticipated, glide path towards a June lift off” now...
Amid all the hubbub about the implications of the Greek election and snowpmageddon on the East Coast we are reminded that there is a Federal Reserve meeting this week, during which central bank policy...
View ArticleConundrum 2.0
With the prospect of Federal Reserve rate hikes arriving sometime later this year comes talk of a possible conundrum similar to the one faced by former Fed Chief Alan Greenspan about a decade ago when...
View ArticleEasing is Easy, Hiking is Hard
The recent weakness in major U.S. equity indexes (that now appears ready to continue for the fifth straight day) has surely not escaped the attention of Federal Reserve officials who have been...
View ArticleAnother Stunning Long-Term Chart
From a recent presentation(.pdf) by Agustín Carstens, Bank of Mexico governor and chairman of the IMF’s International Monetary and Financial Committee, via this item at Wolf Street comes the chart...
View ArticleAssets and Debt, Black and White
This story at The Nation about Baltimore’s economic ills that have led to this city being the country’s latest hotspot on police conduct and inequality points to a Pew Research poll from a couple of...
View ArticleWhat Greece Owes the IMF
One of the more interesting graphics about the looming (but, on Tuesday, probably actual) Greek debt default via this item at the Council for Foreign Relations: Of course, Greece hasn’t defaulted on...
View ArticleGrisis, Granks Grosed, Grexit Grossible
Just think … someday we’ll be able to have a little chuckle as we look back at the long-running Greek financial crisis and marvel at what policy makers were able to accomplish within a dysfunctional...
View ArticleFed opens Pandora’s box
There’s been lots of discussion about monetary policy since last Thursday’s no-decision by the Fed on interest rates and Mike Baele, senior portfolio manager at US Bank Private Client Reserve, wonders...
View ArticleCarl Icahn is Not Optimistic
Activist billionaire investor (and potential Treasury Secretary under a potential President Trump) Carl Icahn shares some thoughts on the current state of financial markets now seven years into...
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