I sit down every week to write these updates and sometimes it is a struggle to find something - anything - worth writing about. Sure, there's always market "news" so I can find something to fill the page and I hope you find it interesting but the fact is that I don't think any investor - as opposed to trader [...]
The Federal Reserve has been on a mission lately to make sure everyone knows they are serious about killing the inflation they created. Over the last two weeks, Federal Reserve officials delivered 37 speeches, all of the speakers competing to see who could be the most hawkish. Interest rates are going up they said, no matter how much it hurts, [...]
For Episode 74.0 of Eurodollar University’s Making Sense, Emil and I were incredibly honored and thrilled to have been able to bring on Allison Fedirka from Geopolitical Futures, the outfit of George Friedman fame. Specifically, we were interested in her specialty which is Latin America because after China that’s where you want to go next to understand how developments money [...]
Gold’s not buying. Neither is the bond market. Inflation Hysteria #2 has so much less to it than #1 in 2017-18 ever did. But this one isn’t completely empty. There are some asset classes which have been absolutely on fire thus seemingly consistent with the “money printing” excesses of Fed and feds. Investors fearing for currency “debasement” and fiscal breakdown [...]
When Argentina requested, and received, a ~$50 billion bailout from the IMF in mid-2018 it was a total shock (to those who follow only central bankers and Economists when it comes to anything, though especially relating to the global dollar system). The platitudes were issued alongside standby financing which lasted only a couple of months before the stricken country pleaded [...]
Austere: adj; markedly simple or unadorned The G-8 met this weekend at Camp David to address the failure of austerity in promoting economic growth, specifically in Europe where it has allegedly been practiced. Of course, austerity, as modernly defined by a certain segment of the economics profession, has nothing at all to do with the definition from Merriam-Webster cited above. [...]
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