I love Doug Kass, almost as much as John Mauldin, they are a couple of market analyzers who bring a perspective that CNBC’s cheerleading approach completely misses. To be fair, the market would have had a lot more trouble making…Continue Reading →
The chart above shows five primary market sectors that are affected by FED policy. For this chart we use ETF’s because it facilitates grouping a large number of stocks, commodities,etc into each market sector and therby allows a broad…Continue Reading →
(Reuters) – The message is sinking in – economies of the rich world face super-easy money far into the future and central banks are now convinced it’s the least of all policy evils. Despite rumblings of dissent about the financial…Continue Reading →
Dollar and T-Bond prices are pointing out a big risk, that risk is that those two markets could take interest rate policy out of the hands of the Fed. There is no question that Ben and the Fed will do…Continue Reading →
Everyone seems to believe that they can tag along with the FED, that it will be transparent and tell everyone when the end of funny money has arrived. This story also seems to assume that half of the market will…Continue Reading →
It seems everyone, economic analysts, market players, and investors are operating on the premise that the FED will keep adding liquidity until the economy’s numbers and the employment numbers become more robust. The problem however, is that both of these…Continue Reading →
There is no question that the battle the FED has been fighting is deflation since the deleveraging started in 2008. In essence the FED has absorbed 3 trillion dollars of overleveraged assets and are now coming to the end of…Continue Reading →
See an article from Seeking Alpha: http://seekingalpha.com/article/1777402-the-feds-surprise?source=email_rt_article_readmore
Headlines today point to weak durable goods numbers with one exception (ex aircraft which the top 3 percent predominately fly personally and the bottom 97 percent use to get their Amazon orders filled) . Corporations that sell products that don’t fly well might take…Continue Reading →
With the Fed backstopping the action of Congress with easy money we are initially seeing a no-consequence psychology take over the markets. Our comments yesterday pointed out the real economic issues. Bottomline, the Granville indicator still shows the market rolling…Continue Reading →