That Didn’t Last Long
Paul Volcker caused a minor stir last week releasing a book he has been working on. The aging former Federal Reserve Chairman apparently has a lot to say about the current state of affairs. “We’re [...]
COT Black: Term Oil Means Turmoil
Inflation hysteria was as much crude oil as anything else. After all, it was the sudden spike higher in oil prices that would eventually push the US CPI, PCE Deflator, Europe’s HICP, and even Japan’s [...]
Fear The L
It’s one thing if China registers a low ceiling or Brazil. That wasn’t going to be possible this time in the developed world. Europe and the US were finally going to lead. That’s what they [...]
GDP Prices The Final End Of Hysteria
Jerome Powell may be hawkish, relatively speaking, but his case rests on one data point alone. There is nothing other than the unemployment right now indicating he’s got the right forecast in mind. This wasn’t [...]
Hitting the Low Ceiling
We will hear all day and for the next month (at least) about the two best quarters of GDP growth in four years. Somehow this will be used to justify calling this an economic boom, [...]
Fake Boom No Match For the Calendar
The manufacturing renaissance at the base of this supposed US economic is disappearing. It is unsurprising, quite predictable actually. First, there was the cleanup from last year’s major storms and then frontrunning potential trade restrictions. [...]
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