The Fed recognizes ongoing monetary interventions have created financial risks in the terms of asset bubbles across multiple asset classes. They are also aware the majority of policy tools are likely ineffective at mitigating financial risks in the future. This leaves them dependent on expanding their balance sheet which may not be as effective as they hope.
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President Trump just proposed his latest $4.8 Trillion budget, and not surprisingly, suggests the deficit will actually decrease over the next 10-years. But this lack of a “story,” is what has led us to the very doorstep of “Modern Monetary Theory,” or “MMT.”
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The consider the compounding effect of the Corona Virus to disrupt both demand and supply, the social chaos in China challenging government authority, and a lingering trade war – these factors all make a decline into a recession a real and growing possibility.
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There is an old axiom which states that if you repeat a falsehood long enough, it will eventually be accepted as fact.Low oil prices equating to stronger economic growth is one of those falsehoods.
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Dallas Fed President Robert Kaplan is neutral right now on monetary policy, saying neither a rate cut nor a rate hike are necessary in the medium term. The markets disagree.
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In the President’s “State of the Union Address” on Tuesday, he used the podium to talk up the achievements in the economy and the markets. However, it is the claim of record high stock prices which undermines the rest of the story. Let me explain.
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“If the U.S. economy entered a recession soon and interest rates fell in line with levels seen during the moderate recessions of…
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David Rosenberg explores Recession Arithmetic in today’s Breakfast With Dave. I add a few charts…
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With over $17 trillion of negative debt worldwide to keep the world economy going, central banks have succeeded in sustaining worldwide GDP at 1 – 2 % and falling as of late! For the SPX market to not descend into the Blow Off phase, investors will need to continue to believe in six economic myths:
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It insists the latter isn’t QE, but it sure walks and quacks like a QE duck. So, I and many others call it QE4.
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We all want to know the future. Unfortunately, the future isn’t talking. It’s just coming,…
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Gold broke out of a six year consolidation. Things look up in 2020. Gold Monthly…
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A debate over a sudden dramatic surge in Repos is raging. Is it or isn’t…
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Every professional investor knows that month-ending, quarter-ending and year-ending timestamps are important. Throughout the year,…
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I was stunned by a recent article from Marshall Auerback via The Nation entitled “Why…
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This past Monday, on the #RealInvestmentShow, I discussed that it was exceedingly likely that Trump…
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Recently, analysts have been discussing the pros and cons of using negative interest rates to…
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Should just being “employed” make people/workers happy? On one level, any job is better than…
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“This is the most prosperous economy the world has ever seen and it’s going to…
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Every month, and quarter, economists, analysts, the media, and investors pour over a variety of…
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You really need to watch this video of a recent conversation between Ray Dalio and Paul Tudor…
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It’s “Thanksgiving Day,” and after the annual indulging into too much Turkey and dressing, cranberry…
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The global economy is slowing. Germany, for instance, may already be in recession. GDP there…
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Minneapolis Fed President Neel Kashkari says the Fed Can Fight Inequality. Then in a move…
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Holiday Note Review & Update Recession Risk Isn’t Gone New: Financial Planning Corner Sector &…
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Global debt just topped $250 trillion. Please ponder paying the interest on that, let alone…
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In recent testimony to Congress’s Joint Economic Committee, Jerome Powell stated: “The debt is growing…
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When the US and ultimately the rest of the Western world began to engage China,…
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Consumers are viewed by many economic analysts as the last hope to keep the economy…
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Just recently, Jeffry Bartash published an interesting article for MarketWatch. “Like a stiff tent pole,…
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