Chart(s) of the Week: ‘Lombard Street’ For A New Age
At one point in time not all that long ago, basic economics (small “e”) ruled central banking. There was really no other choice, as out of necessity bred change and understanding. The English were perhaps [...]
Rate Hikes: It Won’t Ever Be More Than ‘Green Shoots’
When Ben Bernanke sat down with 60 Minutes for an interview in March 2009, it was then the first time in 20 years a sitting Federal Reserve Chairman had appeared on TV one on one. [...]
I Suspect People Would Prefer ‘Reflation’ With Some Conviction
For the most part the “reflation” narrative has focused on nominal interest rates. That, for once, actually makes some sense given interest rates are really at the center of all this. Stocks are whatever they [...]
Earnings Update
“Optimism means better than reality; pessimism means worse than reality. I'm a realist.” Margaret Atwood, Author The end of 2016 is right around the corner, and what an interesting year it has been. The Standard [...]
The Past Isn’t Quite Done With Us Yet
Even if you believe that the economy we find today is irrelevant to one that will result from a range of better policies under a Trump administration, you still have a timing problem. I fully [...]
Reflation And Speculators, The Phantoms of 2016
China’s big problem can be succinctly described as where Economics met economics. Capital “E” Economics pushed authorities to over-financialize China in response to the Great “Recession”, which China’s government was only too enthusiastic to do [...]
Financialism, Not Capitalism
Thirty-nine delegates signed the United States Constitution in September 1787, but three refused to. George Mason, Edmund Randolph, and Elbridge Gerry were against the final draft of the document, Gerry included even though he had [...]
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