Quantitative Easing

"They're Baaack! And Why You Should Be Worried – Very Worried"

"This is the moment in time where generic, over simplified advice, that sounds so good (and too good) shouted too an adoring crowd  – should be taken as the siren, and clarion call to those who are diligent in preserving their wealth to buckle up, buckle down, and prepare in earnest."

The Echo Chamber Of Elite Economists: Often Wrong, Never In Doubt

Despite what appears to be an inflection point of radical change, most of which remains unknown, the consensus opinion of professional economists and markets, in general, are well-aligned, optimistic and seemingly convinced about how the economy and markets will evolve throughout the year.  The consensus forecast based upon an assessment of economic projections from major financial institutions appears to be the result of a Ph.D. echo chamber, not rigorous independent analysis.

Has The Deep State Begun Its Revenge On Trump?

"..the Deep State’s next move is to pin the coming stock market collapse on Trump. He’s the perfect fall guy... Right now, the Federal Reserve is the Deep State’s weapon of choice."

There's One Missing Ingredient From The Market Rally 'Recipe'

It’s great when a plan comes together. The recipe for the whole move since Election Day is easy. Take one part new Administration with expansive plans to boost the US economy. Add in 2 measures of a Federal Reserve confident enough in existing macro growth to boost interest rates. Add a dollop of money flows. Seems perfect, but there is one thing missing: the analysts who actually cover companies and make earnings forecasts aren’t buying it.

"Relief For Europe": Wall Street Analysts React To The Dutch Election

“It’s a big relief for markets, and this will prompt U.S. and U.K. investors to review their forecasts about the French presidential election. It’s positive for European assets, but without euphoria. It’s ‘back to business’ and we can focus on fundamentals and central banks again.”

Paul Brodsky: "Stagflation On The Horizon"

Logic and current trends suggest that declining output growth accompanied by higher prices will begin hitting economies and facing policy makers in the coming years. Markets should begin sniffing out this stagflationary macroeconomic setup this year.

Risk-Ignorance Reaches 23 Year High As Short Interest Hits Record Low

Investors are willing to pay more for a given level of risk than at any time since 1994 and short interest has collapsed to record lows... "if The Fed follows through on its convictions, look for a flat yield curve and a recession to wipe out 50% of equity prices for the third time in the past seventeen years."

Raising Interest Rates Can't End Well

"The economy looks to me like a type of Ponzi Scheme. It depends on both rising energy consumption and rising debt. Judging from the problems we are having now, it seems to be reaching its limit in the near term. Raising interest rates will tend to push it even further toward its limit, or over the limit. The world economy is operating at too close to 'stall speed'. The financial system is too fragile."

Japan Begins QE Tapering: BOJ Hints It May Purchase 18% Less Bonds Than Planned

Japan appears to have quietly commenced its own monteary tightening because, as Bloomberg calculates looking at the BOJ's latest bond-purchase plan, the central bank is on track to miss an annual target, by a substantial margin, prompting investor concerns that the BOJ has commenced its own "stealth tapering."