Previous 10 | Next 10 |
Just recently, Rex Nutting penned an opinion piece for MarketWatch entitled "Consumer Debt Is Not A Ticking Time Bomb." His primary point is that low per-capita debt ratios and debt-to-dpi ratios show the consumer is quite healthy and won't be the primary subject of the next crisis. To wit...
I have decided that it is all the fault of the damn Pink Flamingo. It arrived recently from France, and it has just been causing havoc. Equities on Friday got swacked, bonds were up like gangbusters and people were fleeing for safe retreats, safe havens, safe anything, including cash. All whil...
The Chinese economic situation is unsustainable and could lead to a debt crisis, Kevin Caron, senior portfolio manager at Washington Crossing Advisors, told viewers of Real Vision’s Trade Ideas. Unusually for an emerging market economy, China has 50% of its GDP in investment an...
I have written repeatedly that we live in the era of the bubble in ‘bubble calling’. Cognitive biases, and the subsequent confirmation bias, tend to influence the dynamics of both the growing popularity of calling market moves bubbles, as well as the eventual development of actua...
Economic nerds are converging on Jackson Hole for their (our?) annual meeting, and the big story of the event will be a controversial opinion by Larry Summers, which he laid out on Twitter yesterday. He is presenting a paper in which he argues ( gasp ) that monetary policy isn't as effecti...
By Guy Barnard, CFA & Tim Gibson Guy Barnard and Tim Gibson, Co-Heads of the Janus Henderson Global Property Equities Team, discuss the implications of negative-yielding bonds on listed property stocks and highlight the importance of active management in this environment. In the su...
As talk of a new recession grows louder, everyone is watching some favorite indicator. The yield curve, claims for unemployment, the quits rate - you name it. What surprises me is how few people are watching an underappreciated indicator from the New York Fed that uses more than just price dat...
Danielle DiMartino Booth does not hold the US Federal Reserve in high regard. At the 2019 CFA Institute Seminar for Global Investors , the Quill Intelligence CEO and chief strategist called the central bank one of the most unproductive institutions on the planet. DiMartino Booth's perspecti...
The purpose of the consumer price index ((CPI)) is to reflect just how much inflation is eating into both our incomes and our savings. Consumer inflation has been estimated since the 1700s by measuring price changes in a fixed-weight basket of goods. This method was seen as a way of measuring ...
"The Road to Hell is Paved with Good Intentions." - Saint Bernard of Clairvaux (1090-1153) There is no question really that we are slipping further and further down the rabbit hole. The amount of negative yielding bonds was $12.2 trillion in 2016. A few weeks ago we had $13 trillion of the...