they really don’t know what they are doing

When The Problem Lies In The One Place Nobody Looks

By |2019-04-24T15:45:31-04:00April 24th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It’s the most testable of all hypothesis, yet the one which no one wants to test. The central bank is central. All the textbooks say it. You’ve been taught to believe it from your first introduction to Economics and finance. Whatever happens, you aren’t supposed to fight the Fed. The US central bank unleashed powerful, [...]

Hall of Mirrors, Where’d The Labor Shortage Go?

By |2019-01-16T17:17:29-05:00January 16th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Today was supposed to see the release of the Census Bureau’s retail trade report, a key data set pertaining to the (alarming) state of American consumers, therefore workers by extension (income). With the federal government in partial shutdown, those numbers will be delayed until further notice. In their place we will have to manage with [...]