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Ignorance or Deceit, Yet Again

By |2014-04-16T16:25:40-04:00April 16th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

I may be a week late to the “most important chart in the world”, but it demands a rational response. I had thought that the commentary surrounding this week’s retail sales release was the height of rational expectations theory deception, but I was clearly wrong. In what is passing for analysis, some are proclaiming a recovery narrative based on the [...]

There Go The Tailwinds

By |2014-02-06T11:38:02-05:00February 6th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

The economic hopes for 2014 have been largely concentrated in a few sectors. Monetary authorities have been counting on the historical channel of housing to be one of the continued “bright spots” that would transition finally, after almost five years, into an unambiguous recovery. You always have to be cautious about reading too much into one data point, so it [...]

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