Should The Federal Reserve Raise Interest Rates Further?
The answer is that the Federal Reserve should proceed very cautiously. On Wednesday August 1 the Federal Reserve. Continue reading
Italy and Spain Prepare for New Governments
In Italy and Spain stocks jumped on Friday. They led broader European equities higher. Both Italy and. Continue reading
In Italy Politics Shake the Markets
The specter of a financial crisis came back to haunt Italy on Tuesday. And Italian markets plunged. There are. Continue reading
Every Federal Reserve Rate-hike Cycle Creates Uncertainty
Whenever the Federal Reserve embarks on a round of rate increases, it’s a lot like shaking an overripe fruit. Continue reading
Debt Is Again The Big Short
The world has amassed enormous debt. Global debt now amounts to more than 317% of global gross domestic. Continue reading
Signs of a Slowdown in Global Growth
It is late in the global business cycle and market valuations are high. Now there are signs that global economic. Continue reading
Market Ignoring Very Good Earnings
Corporate earnings are tracking at more than 18 percent higher. Nevertheless, the #stock market averages are. Continue reading
U.S. Treasury Yields Approach 3%
The yield on the U.S. 10-year note climbed to 2.99 for the first time since 2014. In response to rising treasury. Continue reading
Saudis Target $100 Oil
Oil and other commodities rallied on the news. The reason was talk that Saudi Arabia has its sights on $80-$100. Continue reading
The Fed Caused Developing Financial Crisis.
What the Federal Reserve is doing does not at first glance seem terribly extreme. As of this writing, 3-month Treasury bills, one-year Treasury notes, and 10-year Treasuries yield 2.43%, 2.71% and 3.04% respectively. Those are not bad numbers. . Continue reading