Newsclips
All About Lagarde
November 8, 2019
Using a central bank as a blunt instrument to force government spending is not a good idea.
Using a central bank as a blunt instrument to force government spending is not a good idea.
Today's topics include Japan fires up its stimulus machine, a look at job mobility, big inflows into equity ETFs and mutual funds, gold's rough week, style drift at value funds, are homebuyers getting older, profitability vs. growth and casting doubt on a trade deal.
The Fed seems to be on hold, thus completing a mid-cycle adjustment. So, what gets them to start cutting rates again? A stock market correction.
Today's topics include the latest on the trade war, when bonds trade like stocks, U.S. productivity unexpectedly declines, the Fed's inflation outlook, breaking down unemployment, sources of stock market demand, playing the earnings game, Keynes and central bank cryptocurrencies.
Jim sat down with Cris Sheridan of the Financial Sense podcast to discuss the markets and economy. Jim makes the case that the Fed has restarted QE.
In the last few weeks, we have been tracking markets breaking out. So far only the Dow, S&P 500 and NASDAQ have broken above resistence. If investors are truly signaling a recovery, other markets should follow suit in the coming days.
Today's topics include waning Chinese stimulus, Ray Dalio's take on the low rate environment, an update to the Fed's repo operations, the dwindling number of publicly traded companies, Germany calls for a better European banking union, infinite leverage, diversifying away from the dollar, Morgan Stanley expected depressed returns from a 60/40 portfolio and revisiting the idea that a single trader created bitcoin's bubble.
The polls and betting markets suggest a different candidate may win each of the first three Democrat primaries. Warren leads in Iowa, Sanders leads in New Hampshire and Biden leads in South Carolina. Interestingly, the candidate with the most momentum is Pete Buttigieg.
Today's topics include the latest on the trade war, U.S. stocks vs. the rest of the world, checking in on sentiment, cash on the sidelines, casting doubt on fiscal stimulus, economic growth by state and the election, pension funds reach for yield, a look back at 2017's bitcoin bubble and average inflation targeting.