Weekly Market Pulse: Are Higher Interest Rates Good For The Economy?
Interest rates surged last week on the back of a hotter-than-expected inflation report that wasn't actually that bad (see below). Not that my - or your - opinion about these things matters all that much [...]
Market Morsel: Cash And Carry
Total bank credit (blue line) vs Nominal GDP (red line) and Real GDP (green line). A lot of "analysts" were saying that the big drop in the year over year change in credit was pointing [...]
Weekly Market Pulse: A New Paradigm?
Markets year to date have been a lot more interesting in the details than the headlines you get in the financial media. The narrative has focused almost exclusively on Artificial Intelligence and the stocks benefitting [...]
Weekly Market Pulse: Don’t Just Do Something, Sit There
The first quarter of 2024 is in the books and the US economy and markets continue to defy expectations, which coming into this year were that growth and inflation would both moderate and the Fed [...]
Weekly Market Pulse: Rational Exuberance?
Special Note: I'm in Miami this week, a mix of business and personal. I lived here for 30 years and we raised our family here but we moved to South Carolina a little over 3 [...]
Weekly Market Pulse: An Economic Overview
Over the last two years, the evolution of the US economy has been driven by a return to “normal”. The distortions of the response to COVID had a profound impact on the economy that I [...]
Market Morsels: The Best Contrarian Indicator
Government investments rarely work out the way they are supposed to. From Solyndra to California's High Speed Rail project to the Big Dig to the UK government selling off gold at the lows at the [...]
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