In the eurozone, the economic aberration of negative rates continues despite the evidence of the collateral risks they generate. Meanwhile, you and I are blamed for not spending and borrowing more. What can go wrong?
Stock buybacks make no contribution to the productive capabilities of the firm. Indeed, these distributions disrupt the growth dynamic that links the productivity and pay of the labor force...
Will OPEC+ extend its cuts? Will U.S. shale finally grind to a halt? Is this the “year of the electric vehicle”? ...the oil market is as unpredictable as ever.
Policymakers have mistakenly misread the breakdown of the Phillips curve, resulting in prolonged loose monetary policy. The Phillips curve is not dead, but it changed it stripes.
While there is no fixed topic, Gundlach is expected to comment on the usual array of topics, from his outlook for the economy and market, to his take on gold and commodities, to his growing concern about the soaring budget deficit
... but since the semantic definition of the Fed directly funding the US deficit is gently violated, it's enough for Powell to swear before Congress that he is not monetizing the debt.
The US Treasury has started off the new year, and decade, of Treasury coupon issuance with a bit of a dud in the form of a mediocre, tailing 3Y auction.
