Opiate of the Media

By |2014-07-11T15:46:14-04:00July 11th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

The post tax data coming in from Japan continues to perform far worse than expected under the assumption of an actual recovery (that’s too long for mainstream adoption, but if there was a common mantra for the globe since 2009 that’s as close as it may get). Household spending and real estate contracted in April, as expected, but it wasn’t [...]