Friday , October 22 2021
Home / Tag Archives: Stocks

Tag Archives: Stocks

Trying To Invest Prosperously In These Times Of China’s Common Prosperity

Maybe the problem is the slogans, though I seriously doubt it. There are, admittedly, way too many and perhaps there is something lost in the translation. Going from Chinese to English can be notoriously tricky, and by sheer number of official catchphrases odds are a few are going to be miscast at the very least. Rebalancing. Rejuvenation. Dual Circulation. No Sharp Turns. Nowadays what Xi Jinping and the rest are calling Common Prosperity.It doesn’t take much to filter each via the...

Read More »

Weekly Market Pulse: Perception vs Reality

It was the best of times, it was the worst of times… Charles Dickens, A Tale of Two Cities   Some see the cup as half empty. Some see the cup as half full. I see the cup as too large. George Carlin   The quote from Dickens above is one that just about everyone knows even if they don’t know where it comes from or haven’t read the book. But, as the ellipsis at the end indicates, there is quite a bit more to the line than the part everyone remembers. It was the best...

Read More »

Eurodollar University’s Making Sense; Episode 122, Part 3: The Making Of Fed Mistakes, Volcker’s Enduring Myth

122.3 1970s stagflation? No! But NOT why you think…———Ep 122.3 Summary———“Despite some eerie echoes, the past is not the best guide to the present,” writes The Economist. Jeff Snider agrees, but for entirely different reasons. Stagnation? Yes, definitely. But NOT inflation – despite the clear price increases! Wait, what?———Sponsor———Macropiece Theater with Alistair Cooke (i.e. Emil Kalinowski) reading the latest essays, blog posts, speeches and excerpts from...

Read More »

Eurodollar University’s Making Sense; Episode 122, Part 2: Certain Commodities Speak, Will Anyone Hear Them?

122.2 Commodity Prices Are Telling Us This… ———Ep 122.2 Summary———We review palladium, copper and iron ore – all metals and minerals that peaked in value in May (lumber too). Some commodities continue to rise in value, specifically energy. How do we reconcile the deflationary/disinflationary former to the inflationary latter? Also, US auto sales. ———Sponsor———Macropiece Theater with Alistair Cooke (i.e. Emil Kalinowski) reading the latest essays, blog posts, speeches and...

Read More »

Weekly Market Pulse: Inflation Scare?

Bonds sold off again last week with the yield on the 10 year Treasury closing over 1.6% for the first time since early June. The yield is now down just 16 basis points from the high of 1.76% set on March 30. But this rise in rates is at least a little different than the fall that preceded it. When nominal rates fell from April through July, real rates fell right along with them. The nominal bond yield fell by 63 basis points and the 10 year TIPS yield fell by 57. That means that the drop was...

Read More »

Eurodollar University’s Making Sense; Episode 115, Part 3: For Bonds, A Collateral Scarcity ‘Dashboard’

115.3 Seven Warning Signs to Watch in Debt Ceiling Drama ———Ep 115.3 Summary———Financial collateral is indispensable to the modern monetary system. Unfortunately the most pristine collateral, the US Treasury Bill, is in short supply because of the political debt ceiling drama. So, we identify seven warning indicators for acute collateral shortage. ———Sponsor———Macropiece Theater with Alistair Cooke (i.e. Emil Kalinowski) reading the latest essays, blog posts, speeches and excerpts from...

Read More »

Eurodollar University’s Making Sense; Episode 115, Part 2: The Fall For Bond, Treasury Bond

115.2 US Treasury Bonds lose value each Autumn – Why?———Ep 115.2 Summary———Since 2011, the US Treasury 10-year bond peaks in value during the summer-to-autumn transition. Ignoring the economic context, whether positive or negative, bonds lose value. They lose value whether central banks are hawkish or dovish. Why? We offer five theories. ———Sponsor———Macropiece Theater with Alistair Cooke (i.e. Emil Kalinowski) reading the latest essays, blog posts, speeches and excerpts from...

Read More »

Eurodollar University’s Making Sense; Episode 115, Part 1: The Autumn(s) Of (Bond) Discontent

115.1 Why do US Treasury Bonds lose value ‘every’ August !?———Ep 115.1 Summary———US Treasury Bonds have lost a lot of value since August, and especially in the last weeks of September. Is it a taper tantrum? Are foreigners selling lousy Uncle Sam paper? Is it Armageddon (again)? No, this happens—incredibly—’every’ August. But why?———Sponsor———Macropiece Theater with Alistair Cooke (i.e. Emil Kalinowski) reading the latest essays, blog posts, speeches and excerpts...

Read More »