german bunds

Sentiment Time

By |2018-10-16T15:49:23+00:00October 16th, 2018|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

The one thing the globally synchronized growth narrative had going for it was sentiment. It often had that in surplus. But therein lies a major drawback; are people happy because things are getting better, or do they believe things are getting better because “everyone” says so? There’s a difference and it’s a big one. And [...]

When Sentiment Shifts

By |2018-07-10T16:36:44+00:00July 10th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Like all sentiment surveys, Germany’s ZEW is susceptible to overzealousness on the part of the survey participants. The Zentrum für Europäische Wirtschaftsforschung is a think tank located in Manheim that has since 1991 carried out this broad questionnaire. Up to 350 analysts are included in the panel, each working at a bank, insurance carrier, or [...]

Europe Is Booming, Except It’s Not

By |2017-11-06T19:51:30+00:00November 6th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

European GDP rose 0.6% quarter-over-quarter in Q3 2017, the eighteenth consecutive increase for the Continental (EA 19) economy. That latter result is being heralded as some sort of achievement, though the 0.6% is also to a lesser degree. The truth is that neither is meaningful, and that Europe’s economy continues toward instead the abyss. At [...]