Sunday, June 25, 2017
Something happened Tuesday that we haven't seen since December 2007. . . The spread between treasury bills due in 5 years and the 30 year collapsed. It went as low as 96 bips, or less than 1%. The 30 year rate is...
Yesterday the Federal Reserve hiked rates .25%. It is the second time they have tightened this year. And Yellen even laid out the foundation of "quantitative tightening" (QT), which is their beginning to unwind the Fed's $4.5 trillion balance sheet. How did...
Today the Federal Reserve released the April Consumer credit growth data. And it was another splash of cold water in the face of the "Trump Reflation" school.  Consumer credit growth horribly missed expectations by economists. April saw only growth of...
Investing is all psychological.  I learned from George Soros how important his Theory of Reflexivity is. The crowds prevailing perception is what moves prices up or down, which further reinforce fundamentals, then proving the perception correct. People will believe what they want to...
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