February 10, 2019
bad economy wordcloud

Two Reasons Why Primary Dealers Are Hoarding US Debt

From Alhambra investments comes a report that US Primary dealers are hoarding US debt, such as treasuries other than TIPS (inflation protected treasuries). The chart above shows […]
February 10, 2019
Stock Market Not Recovering

Three Reasons Why the Stock Market Is Not Recovering

What stock market recovery? I discuss why earnings and revenues are weak. I point out that the volume on recovery is weak, meaning this is not […]
July 19, 2019
Powell Rate Cuts

The Fed Cannot Afford To Cut Rates Now, And I Don’t Think They Will

The market took Powell’s comments to the bank, literally. The NY Fed walks back expectations of rate cuts in July. I point out that interests between […]
July 31, 2019
Crack Up BOOM

The Fed Just Ushered In The Crack-Up Boom And Dollar Death

About a week ago, I wrote that the Fed could not afford to cut interest rates. Doing so would leave them without enough conventional policy tools […]