When a central bank feels compelled to tighten monetary policy to stabilize a currency and tame inflation (particularly in instances when weak economic activity instead necessitates policy accommodation), it is often a last resort measure.
"We are likely to see some downward pressure in equity markets in Q4 2021, i.e., in a year’s time. Longer term, we see little impact from a prospective capital gains tax rate increase on risk taking and investors’ attitude toward equities as an asset class."
...in addition to M-1 and M-2, there are tens of trillions of dollars held outside the US that will come home to roost if we have the Misesian “Crack-Up Boom”
As Gen Z teenagers move towards adulthood and represent a larger portion of consumer spending, a lot of attention is paid to their habits and preferences when it comes to spending.
Sizable percentages of U.S. adults see major problems with voting in the coming elections, but these views vary: Republicans are more concerned about issues of voter fraud, and Democrats are more concerned about eligible voters being kept out of the voting process.
Instead, the CPD will shift its focus to the third presidential debate, set for Oct. 22 in Nashville at Belmont University. That debate will be divided into six 15-minute segments.
Bond giant DoubleLine has called digital currencies a "Pandora's Box" that will ignite an "inflationary conflagration" and it now appears that the entire world will be part of this effort.
If the current economic malaise and covid shutdowns continue for the next year, the hit to the CMBS market will be nothing short of biblical once cash reserve buffers are depleted in a few months and the scramble to offload properties begins in earnest.
Real Vision CEO Raoul Pal is joined by senior editor Ash Bennington to look back at market action and make sense of several secular trends. Raoul shares…
