industrial revenues

China’s Big Risk(s): Running Out of Room To Tackle

By |2019-07-29T12:42:08-04:00July 29th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Chinese simply did what every Economics textbook currently in print says you are supposed to do. When confronted with a downturn, no matter its size you borrow your way through it. In fact, it says the greater the contraction the more you need to lean on finance. The neo-Keynesian model is unyielding on the [...]

China (Partly) Answers For Why Markets Are Forecasting Even More Powell Rate Cuts

By |2019-03-27T17:40:13-04:00March 27th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

On February 7, the 3-month LIBOR rate (US$) fell sharply. Traders were, as various media outlets reported, stunned. All sorts of excuses were issued, the goal of them cumulatively to deny your lying eyes. Falling LIBOR couldn’t have been the market, especially eurodollar futures, anticipating a rate cut because these same people had been saying [...]