Macro Considerations

The macro picture remains largely unchanged. Janet Yellen is expected to lead the Federal Reserve into a new phase by beginning to taper its long-term asset purchases early next year. The ECB is expect to move in the other direction, leaning against th… [...]

This Inflation Is Supposed To Be GOOD For Japanese Workers?

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter Japan’s new economic religion, lovingly dubbed Abenomics, relies mostly on a money-printing binge that monetizes the entire government deficit plus a chunk… [...]

Visualizing Abenomics – Japan’s Dangerous Experiment

The early effects of the reform program have triggered a surge in the Japanese stock market, accelerated by the anticipation of growth revival. So far, so good for the markets and traders. But how will Abenomics accommodate public debt of over 200% GDP… [...]

Things That Make You Go Hmmm… Like Japan’s "Economics Of The Hopeless"

The definition of the term Hail Mary as it pertains to football, provided here by Wikipedia, does a sterling job of setting the stage for this week’s topic: A Hail Mary pass or Hail Mary route is a very long forward pass in American football, mad… [...]

Chart Of The Day: How China’s Stunning $15 Trillion In New Liquidity Blew Bernanke’s QE Out Of The Water

Much has been said about the Fed’s attempt to stimulate inflation (instead of just the stock market) by injecting a record $2.5 trillion in reserves into the US banking system since the collapse of Lehman (the same goes for the ECB, BOE, BOJ, etc). Eve… [...]

Guest Post: The Money Bubble Gets Its Grand Rationalization

Submitted by John Rubino of the Dollar Collapse blog, Late in the life of every financial bubble, when things have gotten so out of hand that the old ways of judging value or ethics or whatever can no longer be honestly applied, a new idea emerges that… [...]

Frontrunning: November 21

When it fails, do more of it – Bank of Japan hints at extending ultra-loose monetary policy (FT) PBOC Says No Longer in China’s Interest to Increase Reserves (BBG) Fed casts about for endgame on easy-money policy  (Hilsenrath) Big trucks still … [...]

Just The Right Amount Of Bad Overnight News Offsets Latest Taper Tantrum

Following yesterday’s latest Taper Tantrum, it was critical to get a smattering of bad global overnight news to provide the ammunition for the algos that not all in the world is fine and the easy monetary policy will continue indefinitely pushing stock… [...]

Goldman’s Top Ten 2014 Market Themes

The following Top Ten Market Themes, represent the broad list of macro themes from Goldman Sachs' economic outlook that they think will dominate markets in 2014. Showtime for the US/DM Recovery Forward guidance harder in an above-trend world Earn … [...]

The QE Experiment is Failing… Will Stocks Crash?

  We’ve long maintained that Japan is ground zero for the “QE works vs QE doesn’t work” debate. The Fed’s economic models, and 99% of the economic models employed by Central Banks in general, believe that monetary eas… [...]