Game over. The grand central bank experiment of the last 10 years has ended in utter and complete failure. The games of cheap money and constant intervention that have brought you record […]
Game Over
The Fed is IT
Please don’t anybody act surprised by today’s rally. We were oversold, we hit key technical pivots and a bounce was due, but the trigger was well advertised in advance. 13 Fed speakers […]
Not Gonna Happen
Mr. Trump just opened a new tariff front with a 5% tariff threat on Mexico by June 10th with a threat to escalate it to 25% by October 1: “Tariffs will be […]
The Slow Down
Remember all that talk of optimism in Q1 and into April? It came easy after markets rallied hard following the Fed caving. The Q1 slowdown was just temporary, it’s going to be […]
The Lost War
Did the US just lose the trade war? It seems like a ludicrous question to ask at this time as the US just raised tariffs on China to increase pressure on the […]
Trade Deal Games
With 2 tweets China’s tech indices were sent down 8% in overnight. The tweets I’m of course talking about are Donald Trump’s tweets threatening to raise tariffs on China this coming Friday. […]
The Fed Is the Bubble
Occam’s Razor: The simplest explanation is often the best explanation. In this case: The Fed panicked in December and by caving to markets reignited the bubble in a major way and now […]
Fragmented
Are societies becoming hopelessly fragmented to the point that democracies are no longer functional as compromise solutions become impossible? Is technology tearing us apart? What are the consequences? Big questions and probably […]
Call Me Al
You can call me Al. By Al I mean Alan Greenspan. Oh I know, he has tons of detractors and critics and there’s a lot to be critical about. But before you […]
Two Faced
My take here: The budget is blowing up in their face and they know it. The tax cuts did not pay for themselves and deficits are ballooning, federal spending is the highest […]
Recession is Coming
Let’s be very clear what yesterday’s full frontal capitulation by the Fed means: It’s coming. The next recession that is. It’s just a matter of the how and the when. Now mind […]
The End of Trust
I worry about America. When I was young, despite all its problems, America was greater than life, always beaming with optimism with a vision of a better future always ahead. Now that […]
