The number of pages in the Federal Register ticked slightly higher in 2022. With government being divided in 2023, it may prove difficult for legislators to push through a lot of new laws.
Updating the changes in central banks' balance sheets
Drawdowns of 70%+ are not for the faint of heart, but a large percentage of crypto holders remain committed to bitcoin.
A long-term look at wholesale wheat prices
Some interesting charts from our recent posts
Things have changed in China. We don't yet know exactly how. But to assume the country will immediately return to 2019 norms and its economy will rebound immediately may prove overly optimistic.
Japan and China's holdings of Treasuries dropped materially over the past several months. A large part of this is simply a function of Treasuries' terrible returns. In the case of Japan, it may also be a sign of stress for the BoJ.
Today's topics include Jim discusses economic data & the Fed, beige book reveals weak growth expectations in 2023, all eyes on the BoJ, where are rates heading?, emerging markets show promise, no love for US stocks, bond sales at record levels, the Treasury's 'extraordinary measures', and bitcoin-gold ratio changes polarity
Everyone's consensus call is a mild recession in 2023, and market participants seem eager to accept the consensus call. Given this view, where do valuations stand?
Today's topics include the BoJ keeps current yield curve control limits, who is using the Fed's discount window?, Dudley on the debt ceiling, measuring real incomes, betting on the perfect soft landing, big bank earnings, more on the 60/40 portfolio, and problems at the ECB