The Consequences Of Permanently Low Interest Rates
It is possible that, in the absence of rising inflation, interest rates remain extremely low for much longer. This has several important consequences for asset prices and the dollar, for […]
As Good As It Gets?
Goldman Sachs argues that the synchronized growth spurt in the world economy is unlikely to last. We can only hope it does, at least for a while as it takes […]
FANG: The Default Stocks To Buy When The Market Misbehaves?
Cramer argues that FANG stocks have become “the default stocks to buy when you get freaked out,” supposedly by market trouble. If he is right and these stocks sell off […]
Black Monday, When The Music Stopped. Can It Happen Again?
Black Monday, the day that the Dow Jones crashed 22.6% in a single day, is 30 years ago this Thursday. This commemoration will not help those investors who are already […]
Could Inflation Yet Take Off?
Central bankers don’t have a good grasp on inflation, or better, the lack of it. While not as dramatic as then, but some warned in 2010 that QE would be […]
Is The Market Held At 1929 Valuations By The Prospect Of Tax Cuts?
According to Nobel laureate Robert Shiller, the market is at least in part held at 1929 valuations by the prospects of significant tax cuts. If Shiller is right, this is […]
‘Ice Age’ Bear Claims He Was Too Optimistic
After temporarily suspending his deflationary expectations, perma-bear Albert Edwards is back to his old ways, predicting a deflationary wave for the US economy. The bad news is, if he’s right, […]
And Now For Those Tax Cuts
The administration is arguing it’s now focused on tax reform, a major driver of the post-election rally in stocks. It would indeed be beneficial for stocks, but so far we […]
Back To The Trump Reflation Rally?
With the departure of Bannon, most of the economic agenda seems to be of a traditional Republican one, which the markets applaud. Indeed, the economic nationalism of the likes of […]
Could The Fed End The Stock Rally?
The Fed could trigger a recession and a considerable stock market selloff if it tightens too much. We doubt there is much need for that given the fact that inflation […]