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Tag: fed

bonds

US Nominal GDP Is Burning Rubber at a 7.4% Annual Clip: The Public Will Get the Inflation It Thinks It Wants

Our thesis was driven by fiscal math gravity facing government budgets and game theory analysis for how central planners would react to it.

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central banks

Why PCE is the Fed’s “Preferred Measure”

US from a year ago: – Export Price Index: 4.9% – Import Price Index: 4.3% – Shelter: 3.5% – Fuel oil: 25.3% – Transportation Services: 3.8% – Case Shiller Home Price Index: 6.8% – Retail Sales: 6% – Real Average Hourly Earnings: 0% (would be negative with a “less adjusted” index) Fed’s “preferred” PCE Index: still below 2%. Thank goodness […]

stocks

Global Equities Markets Have It All Figured Out – The Reason Nothing Seems to Matter

A major Bloomberg article gaining traction essentially lays out the case for why nothing matters anymore in risk asset markets. Just keep calm and buy the dip–and by dip, that means any dip you can find. No dip? No problem. Just buy anyways. Anything is better than getting left behind sitting in the dugout on a pile of rotting cash while passive index investors trot around the bases effortlessly.