Jim-nastics
More than a third of Americans have received at least one dose of a COVID vaccine, and more than a fifth are fully vaccinated. If
The Word Is ‘Inflation.’ With A ‘K’
“Expectations about home, gas, and rent price changes all reached new series highs,” the New York Fed said Monday, in the color accompanying the March
Nomura’s McElligott: The Easy Recovery Phase Money Has Been Made
For all the talk of an imminent boom in the US economy, a cursory glance under the proverbial hood of a US equity market perched
We Don’t Have All The Answers
Equities felt uninspired ahead of a week that promised no shortage of tradable data. A bevy of key reports out of the US including CPI
China’s ‘Pretty Evident’ Credit Slowdown May Bode Ill
According to various sourced reports, directives aimed at curtailing “bubble” risk presage the slowest Chinese credit growth since at least 2006. Concerns about pockets of
Jane’s Tale
With earnings season on deck and market participants increasingly prone to digital shouting matches about whether equity valuations are ludicrous or merely “stretched,” I wanted
Simulation Game, One Year Later
On Sunday morning, while sitting cross-legged on the back deck and frowning out through the kind of heavy, wet mist that settles on you, I
‘Any Disappointment’
Who’s afraid of inflation? Not Lacy Hunt, that’s for sure. And it seems like Albert Edwards may have pushed the date back for the onset
Lacy Hunt Suggests Inflation Doomsayers Suffer From ‘Psychosis’
I’m not a fan of Lacy Hunt. But, paradoxically, I don’t hold that against him. There are less than two-dozen people who could count me
Evolution.
It occurs to me that I probably come across as unduly derisive (or needlessly blunt) at times, but much of what I read from financial
Dark ‘N’ Stormy: Hunger Games And A Word On Macro Mission Creep
Last weekend, I spent a few hours writing a two-part series on hunger and starvation. “What Does It Mean To Starve?” touched on the difference
Would You Pay $39 For A Bar Of Soap?
“Inflation – the ball is rolling,” proclaimed the title of one note out Friday morning following US PPI data. Producer prices in the US rose
The Stock Inflow Tsunami And A Ridiculous Job Offer
Equity funds gathered another $15.6 billion in the week through April 7, adding to an astonishing post-US election haul. Over the past five months, inflows
Ambiguous Tea Leaves
Inflation worries were back on the menu Friday, after data showed producer prices in China jumped the most in years amid higher commodity costs. The
Jerome Powell And The ‘Pretty Substantial Tent City’
Jerome Powell spoke on a virtual IMF panel Thursday. Nobody was expecting to hear anything new from the vaunted Fed Chair, who’s mastered the art
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