How stupid do central bankers think we are? By account of their communications and actions the answer is: Very. Just in the past 24 hours we got a heap of communications that […]
Is anyone paying attention? I don’t know, but the cost of carrying debt has been rising and it’s already showing measurable impacts despite the Fed Funds rate still being very low. My […]
Government shutdowns make for stirring headlines, but usually only for a few days. The history is pretty clear: The government doesn’t remain shut for long and usually one side or both sides […]
Once upon a time, a long long time ago in markets far away, stocks actually went down on occasion. Soon, next week actually, we’ll see headlines that we’ve entered the longest period […]
Let’s have some fun with predictions shall we? I even brought my crystal ball and magic sparkly chest hair ready to muse about the known unknowns and unknown unknowns. What are those? […]
You might think history teaches; it repeats; page after page, a poem in perfect rhyme tolls echoing bells from both sides of the sheets for births and funerals, tells the time of […]
Debt is irrelevant and matters not. It’s different this time. That’s the message from politicians, markets and participants. Tax cuts pay for themselves (they do not), leverage doesn’t matter (it does) and […]
So they got their tax cut done. In the middle of the night again no less, despite the vast majority of the American people not wanting it. The reason may simply be […]
Every once in a while you get a nugget of truth in our noise filled world. And when you do you have to cherish it. Like a prized possession. In the real […]
Who doesn’t love a good riddle? Riddles can be fun and a good brain exercise for the entire family. How about a riddle for the global village we’re in? I have a […]
In today’s Quick Takes: Tax Bill Update It’s almost as if they didn’t read it before they voted for it. Citigroup came out and warned of a $20B charge as a result of […]
Well it’s too late now. Thanksgiving is over and hopefully it was a splendid time well spent with family. And, if you’re like most Americans: Time spent eating. Lots of time eating. […]
