Fisher

How Central Banking Increased Inequality

"The rise in income inequality over the past 30 years has to a significant extent been the product of monetary policies fueling a series of asset price bubbles. Whenever the market booms, the share of income going to those at the very top increases."

What David Tepper Bought And Sold In Q2: The Full Breakdown

What was most notable about Tapper's Q2 holdings is that in addition to boosting several key tech names, as well as opening a new $500+ million position in Alibaba, he took his total long equity holdings to just over $6.7 billion as of June 30, up from $6.1 billion at the end of March, the highest net long exposure since September 2014.

Steve H. Hanke's picture

The calculated risks that a financial institution takes when investing is best understood by the institution itself, not the government or any outside party. So, shouldn’t these banks determine how to utilize their capital if they are the ones who best understand the risks they take?

Politics Of The Next 4 Years: Part 1 (Rise Of The "Dirtbag Left")

"A lot of people remain in denial about the current political environment. Whether it’s a neocon Never Trumper, or a manic Hillary dead-ender, what these people all have in common is they firmly and passionately think their world is somehow coming back. They still don’t understand that the party’s over."

Don't Be Fooled - The Federal Reserve Will Continue Rate Hikes Despite Crisis

"Perhaps investors should consider that they are being duped by central bank ploys, and that they are useful idiots in a game designed to keep the public under control with fraudulent markets until the Fed is ready to pull the plug. When the crash takes place, the Fed will find a way to remove itself from any blame."

Adventures In 'Quantitative Tightening'-Lane

"Here, in the spirit of modest contemplation, we offer several hunches, inklings, conjectures, and guesses as to what quantitative tightening might mean. These are not predictions. They’re merely a starting point from which you can extend out your own visions into the future..."

On Borrowed Time

"...having now weaponized short term lending rates, the nukes can’t be put back in their silos..."

US Equities: Unwinding The Yellen Leveraged Buyout

"Corporate credit spreads are the key indicator to watch, both in terms of the economy and the financial markets.  It’s a game of financial musical chairs. Ray Dalio, Janet Yellen and all of us are dancing.  When does the music stop?"

Tales From The FOMC Underground

"Many of today’s economic troubles are due to a fantastic guess proved false... That the wealth effect of inflated asset prices would stimulate demand in the economy."

Visualizing "Conundrum 2.0": This Is What The Fed Is Missing

As the latest FOMC minutes demonstrated, the current period of especially loose financial conditions - despite a projected 3 rate hikes in 2017 - is confusing the Fed. Deutsche Bank has called this "Conundrum 2.0", and explains what is going on in the following chart...