(In)stability In One Chart

“Indeed, measures of financial stability look stretched”…

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Impetuous Markets

As regular readers are acutely aware, I’m a big fan of Bloomberg’s Richard Breslow. I’d even go so far as to say he’s a better writer than me (I know, I know, Heisenberg is supposed to exhibit Trump-like cockiness and a unwavering lack of humility… sorry). Admittedly, I struggled to encapsulate everything that happened last week…

Danger Ahead?

Here’s some useful commentary from Bloomberg’s Daniel Kruger on the election, the jobs report, inflation, and the potholes and landmines that likely lie ahead. Barring a surprise in the U.S. election, the strong U.S. labor report sets the table for a Fed Hike in December, and raises concerns about what happens next. Wage gains were the…

“No Assets Are In Bubble Territory”: Fed

The Fed is notoriously bad at spotting bubbles. They’re also notoriously good at inflating them. Here is perhaps the quintessential example of policymaker cluelessness (ca. 2005): Oops. With that rather unfortunate bit in mind, consider the following recent commentary from Fed Presidents with regard to asset bubbles that may or may not have been inflated…