Category Archives: Economics

Tweet of the Day: Double Yikes!

Unqualified term “war”?   Tell us it ain’t so, Ray Dalio! Remember the Great War with Japan started with trade tensions in response to the country’s agression in Manchuria, among other regions, Tokyo and Washington negotiated for months leading up … Continue reading

Posted in China, Economics, Japan, Trade War, Uncategorized | Tagged , , , , , | 17 Comments

Japan’s Aging Population And Long-Term Growth

Today’s FOMC minutes release illustrates labor shortages are global in the advanced economies (AE). Contacts in several Districts reported difficulties finding qualified workers, and, in some cases, firms were coping with labor shortages by increasing salaries and benefits in order … Continue reading

Posted in Economics, Japan, Uncategorized | Tagged , | 2 Comments

Asset Prices Divorced From Economic Reality More Than Ever

You would never know it listening to the market cheerleaders but asset prices, both real and financial, are, once again, at extreme valuation levels relative to the trend economy.  The valuation reality coupled with the prevailing, but false, “don’t worry” … Continue reading

Posted in Economics, Equity, Uncategorized | Tagged , , | 28 Comments

The Tale Of Two Fat Tails

In a normal probability distribution…blue curve), the odds of risky outcomes (bad stuff happening) are thin at the extremes. In fat-tailed distributions, such outcomes have a greater chance of occurring (the [greenish] curve). Source Non-normal distributions can be heavily skewed and … Continue reading

Posted in Algos, Climate Change, Economics, Uncategorized | Tagged , , , , , | 42 Comments

G7 finance ministers speak out against U.S. trade tariffs

Canada’s Finance Minister says tariffs will hurt citizens in US and in Canada… READ MORE : http://www.euronews.com/2018/06/02/g7…

Posted in Economics, Trade War, Uncategorized | Tagged , | Leave a comment

EM – The Indicator Species Of Tighter Global Money?

Interesting discussion on EM last week on Bloomberg TV. See our comment yesterday on EM as one of the indicators species of tight global monetary policy.

Posted in Economics, Monetary Policy, Uncategorized | Tagged , , | Leave a comment

QOTD: Druck On Distorted Interest Rates

…today we have settled to allowing the most important price of all, long-term interest rates, to be regularly distorted by public intervention. …If I were trying to create a deflationary bust, I would do exact exactly what the world’s central … Continue reading

Posted in Bonds, Budget Deficit, Economics, Interest Rates, Quote of the Day, Uncategorized | Tagged , , , | Leave a comment

Economic Growth Theory In Three Minutes

Economic growth is a central concern for all societies. On one hand, unbridled growth poses serious environmental risks. On the other hand, rising incomes are a foundation of social and political stability. But because people and resources are finite, income … Continue reading

Posted in Economics, Economist, Uncategorized, Video | Tagged , | Leave a comment

Take Our Rorschach Test

Watch Brazilian surfer Rodrigo Koxa ride an 80-foot wave in Portugal last November. Koxa was recently recognized for the feat at the Big Wave Awards in Santa Monica, California. Subscribe to the CBS News Channel HERE: http://youtube.com/cbsnews Please view the … Continue reading

Posted in Economics, Uncategorized, Video | Tagged , | 10 Comments

JFK-Trump S&P Tracking Like A Tomahawk Cruise Missile

We had several requests after the close to update the JFK-Trump S&P analog given today’s ugly market. The analog continues to track like a Raytheon tomahawk cruise missile, acting with the precision as if its  guided with the same Digital … Continue reading

Posted in Economics, Equities, Uncategorized | Tagged , , , | 13 Comments