sentiment

Still Stuck In Between

By |2019-11-06T20:58:35-05:00November 6th, 2019|Economy, Federal Reserve/Monetary Policy|

Note: originally published Friday, Nov 1 There wasn’t much by way of the ISM’s Manufacturing PMI to allay fears of recession. Much like the payroll numbers, an uncolored analysis of them, anyway, there was far more bad than good. For the month of October 2019, the index rose slightly from September’s decade low. At 48.3, [...]

Why You Should Care Germany More and More Looks Like 2009

By |2019-08-13T13:01:05-04:00August 13th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

What if Germany’s economy falls into recession? Unlike, say, Argentina, you can’t so easily dismiss German struggles as an exclusive product of German factors. One of the most orderly and efficient systems in Europe and all the world, when Germany begins to struggle it raises immediate questions about everywhere else. This was the scenario increasingly [...]

Only Partial Springtime Sentiment Shift, ECB Edition

By |2019-04-17T17:39:02-04:00April 17th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

At last week’s ECB’s press conference, the central bank’s President Mario Draghi was both downbeat and upbeat. As to the former, he acknowledged that Europe’s economy wasn’t working out the way they’d all hoped (and repeatedly promised). Despite the disappointment, Draghi wasn’t completely deterred. This growth scare wasn’t really European, he said. China, trade, and [...]

The Basis Behind The Forming ECB ‘Pause’

By |2019-01-25T16:04:22-05:00January 25th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

These things are all related, not that they are in any way connected by conventional thoughts on the subject of the global economy. Two European officials are now on record hinting at an ECB “pause.” There is one already underway in the US, Federal Reserve officials past and present debating how long it might last [...]