Yves here. It’s been astonishing to see members of the Fed in denial about their own handiwork, so when St. Louis Fed President James Bullard berates his fellow central bankers for their abject refusal to notice pre-crisis bubbles, it’s an all too rare departure from their usual insularity and willful blindness.
Read more...The ECB is expected to cross a Rubicon today by implementing negative deposit rates. What is the impact likely to be?
Read more...How the Fed has gotten itself caught in its own underwear by ignoring Hyman Minsky and in persisting in the clearly failed strategy of super lax monetary policy rather than calling for more government spending.
Read more...Wall Street earnings are running on hype, momentum, and earnings expectations gamesmanship. Investors beware!
Read more...I’m getting a bad case of déjà vu from reading the Financial Times over the last week.
Read more...The third industrial revolution is long in tooth. What does that portend for investments and the economy?
Read more...Internet stocks are down since March, so they must be a buy….right?
Read more...Leverage-on-leverage vehicles were the big driver of the global financial crisis. Some investors are going back to their overly-risky ways.
Read more...By David Llewellyn-Smith, founding publisher and former editor-in-chief of The Diplomat magazine, now the Asia Pacific’s leading geo-politics website. Originally posted at MacroBusiness From BofAML: Citi is in no doubt that retail has it right: • The DJIA posted a bullish outside month in April. This is only the 3rd time that has happened since […]
Read more...Last time, all that craziness was called a “housing bubble” with hindsight. This time, it’s called a “housing recovery.”
Read more...McKinsey has issued a new report on the private equity industry that ought to give any investor cause for pause.
Read more...One of the nicest stylised facts in applied economics is that if the Fed inverts the yield curve it will cause a recession. But how applicable is it?
Read more...Even as insiders bail, brokers assure retail investors there’s nothing to worry about.
Read more...A corporate bond default should hardly be a headline dominating-event unless the default in question is of a particularly large concern, or is tightly coupled (as in could, Lehman-style, trigger more distress) or is a precursor of things to come.
Read more...Some savvy investors were warning the single family home rental market was overheated nearly a year ago. Now it looks like more and more are realizing that party is over.
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