Today's topics include why it's always the Fed that murders an economy, reverse yankee bonds, Wall Street is bullish on bonds, EM and the Fed's decision, why further financial crises are inevitable, Spain's economy, Blackrock joins the low-fee club, UBS has a bad quarter, Europe punishes Google, the politics of CEOs, how factor investing can be applied to March Madness brackets and money in politics.
The Chinese economy is struggling. There is hope it will improve, but purchasing managers remain pessimistic.
Today's topics include the Federal Reserve, U.S. economic growth forecasts, passive investing, investors lose interest in growth stocks, Europe's Japanification, CLOs and Palladium surges.
The markets and economists have very different outlooks on the economy.
Today's topics include a preview of this week's FOMC meeting, the latest on Brexit, bond market volatility, predicting recessions, Commerzbank & Deutsche Bank, the ECB's defense of QE and the CBOE drops bitcoin futures.
The 10-year note is sitting on critical resistance. Bond market sentiment is tilted toward higher yields, meaning the contrarian call is for a break below the recent range.
While we agree with the consensus that MMT is an ill-conceived idea, many under-appreciate how easily it could become a reality in the United States. Consider the quick rise of Andrew Yang, the latest MMT proponent who has thrown his hat into the ring to become Democrats' presidential nominee.
Today's topics include the Fed's trillion-dollar dilemma, the Fed's inflation problem, Jamie Dimon gives some advice to European banks, Brexit, active managers trailing the S&P 500 again, economists cut forecasts, India's debt crisis, China's economic slowdown and turning the yield curve into music.