UST curve

The BLS Intoxication Of Unreasonable Inflation Devotion

By Jeffrey P. Snider|2016-10-17T18:05:40-04:00October 17th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Woe to the unemployment rate. Without it so much confusion and angst might have been avoided, though admittedly that more realistic view would have been itself darker but at least clear. In August 2014, Federal Reserve Vice Chairman Stanley Fischer unleashed a brief but powerful storm of realism upon the bubble of monetary policy. Perhaps it was because his target [...]

My Chart of the Week

It is remarkable the disparity in views on display by various markets and what that suggests about what is driving each. In stocks and especially junk bonds, you get the sense of a massive sigh of relief that “it’s all over”, and while scary for a time it’s back to momentum and not missing out on the big money bargains. [...]

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