USD ready for a second leg higher – then what?
One year ago we showed the following chart to explain the relative strong dollar that was on everyone’s mind at the time. With a…
Benn Steil: History Shows Trump’s Trade Policy Is a Recipe for Recession
The central theme of Donald Trump’s economic policy is trade. He promises to slash America’s trade deficit by tearing up international agreements and imposing…
The Fed Who Cried Growth
By Jonathan Newman The FOMC has consistently overestimated future Fed Funds Rate (FFR) hikes. For a body that prides itself on super-scientific research methods and…
The Road to Fascism in Just Two Charts
Laws of politics have been turned upside down. The Intellectuals Yet Idiots can make no sense of it. The underdog who ‘tell it how…
David Stockman: A Messaging Tip For The Donald: It’s The Fed, Stupid!
The Fed’s core policies of 2% inflation and 0% interest rates are kicking the economic stuffings out of Flyover America. They are based on the specious academic…
More Data For The ‘Data Dependent’ To Ignore
By Jeffrey P Snider. Source: http://www.alhambrapartners.com/2016/09/16/more-data-for-the-data-dependent-to-ignore/ The University of Michigan released its September update for their surveys of consumers. The overall index of consumer “sentiment”…
David Stockman: The Apotheosis Of Bubble Finance
The inexorable effect of contemporary central banking is serial financial booms and busts. With that comes increasing levels of systemic financial instability and a…
Mission Creep – How the Fed will justify maintaining its excessive balance sheet
FOMC have changed their normalizing strategy several times and we now see the contours of yet another shift. The Federal Reserve was supposed to…
How Long Will It Take for the ECB to Own All Sovereign Debt of Spain, Germany, France?
By Mike “Mish” Shedlock Source: https://mishtalk.com/2016/08/25/how-long-will-it-take-for-the-ecb-to-own-all-sovereign-debt-of-spain-germany-france/ Huky Guru on Guru’s Blog posted a chart that answers the question: How Long Will it Take For the…
QE is Simply Reactionary
The Bank of England has recently announced a new round of quantitative easing alongside an interest rates cut, pushing £100 billion into banks, with…