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Recent Posts
- Why “Higher For Longer” = “The Fed Calling In an Airstrike on Its Own Positions”
- Will The Fed Destroy Banking And CRE To Get The Unemployment Everyone Is Looking For?
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- A Fed/Treasury Compact? If So, Rate Rises are Mostly Done. The Logic Of Mutual Assured Destruction.
- Crash or Growth Ahead? Assets Probably Can’t Squirm Out of Taking Damage Either Way…
Recent Comments
- Anders Comstedt on We’re Just Getting Poorer. Less “Inflation” Than “Stuff Getting More Expensive.”
- Doc Searls Weblog · The frog of war on Imminent Russian Army Collapse? Actually a Plausible Scenario. “Moscow is Silent.”
- Steve Kamman on Why the Fed “Has” to Cut Rates.
- Dominique Watkins on Why the Fed “Has” to Cut Rates.
- Steve Kamman on Trump’s Mexico Tariff Gambit May Be Good News.
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Monthly Archives: October 2019
The Fed Isn’t Manipulating Mr. Market. Mr. Market is Manipulating the Fed.
I remain amused worried by the persistence of the “Central Banks are manipulating rates!” myth. Particularly among so many self-identified free market types. It is a comforting myth. And yes, the facts point in a deeply discomforting direction. But FRED* … Continue reading
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“Trump veered… like a squirrel caught in traffic”
So I’d decided to break my self-imposed politics ban about a week ago. Election is coming up so politics are actionable and just too salient and… Then I got a stomach bug. Then the rest of the family got the … Continue reading
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“Given Treasury Rates, Earnings and Cash Flows Today, Stock Prices Are Not Unduly High”
I don’t often re-post other content, but the piece (link in full below) is worth sharing. It is a “where are the markets now?” piece that very tidily sums up the main (credible) arguments for over or under-valuation of financial … Continue reading
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