gazelles

The Endangered Inflationary Species: Gazelles

By Jeffrey P. Snider|2021-02-10T19:23:52-05:00February 10th, 2021|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Nevada is, by all accounts and accountants, in rough shape. Very rough shape. An economy overly dependent upon a single industry, tourism, in this case, is a disaster waiting to happen should anything happen to that industry. Pandemic restrictions, for instance.Nevadans cannot afford the government spending they “have” without a gaming industry attracting visitors at full throttle. Desperate, the state’s [...]

Not My Euphoria

In its 84th Annual Report released last June, the Bank for International Settlements departed from usual central bankish conventions and decried the growing departure from market discipline and even reality. The BIS even used the loaded term “euphoric” to describe what it saw as risk market prices no longer affected by fundamental economic conditions. As the Financial Times noted then, [...]

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