Give me Football Season over the Federal Reserve any day of the week in terms of actual ‘boots on the ground’ stimulus.
Any Bond Idiot Can Buy into Fear, but they are Forced to Sell into ‘Good Times’!
The worst possible approach is to give Putin more credibility at home...
Investors often choose investment vehicles or make trades based upon faulty assumptions...
Look for a speech on Friday August 22nd by Janet Yellen where she officially signals financial markets that they better start finding their respective chairs.
At some point there is going to be a sea change in bonds. The question is does the last week in July finally cause the Sea-Change in Bonds?
These are two areas where the Federal Reserve might want to consider in their overall evaluation of the effectiveness of the ZIRP Experiment. I think the counterfactual case in these two examples is quite compelling.
How stupid do you have to be to send a commercial flight over what essentially is a warzone? How much do you think the airline actually saved by taking the most direct route?
Janet Yellen is always one step behind. If people start to ask you "Are you fat?", then you ARE fat!
Market participants are far too levered up, all on the same side, and well behind the monetary normalization curve of when the first rate hike is actually going to occur.
The government now has another measure which under-reports inflation by accounting chicanery...
The central banks need to downplay inflation, under-report it to justify their policies of the last five years...
Once Central Banks get out of markets, and I know some critics think that once they get in they are here to stay, healthy volatility and actual price discovery should come back to asset classes.
An interesting dynamic taking place in financial markets on Thursday as Gold saw some substantial buying interest up $22 to the $1295 an ounce area.
Yellen has got to be the most dovish Fed chairperson going into the most important policy initiative withdrawal phase ever to be recorded since the inception of the Federal Reserve!