The Fed’s Non-Barking Dogs

[This article appeared in slightly abridged form in the Epoch Times under the title, ‘The Fed’s Quantitative Tightening‘]

The older a bull market gets, those who are paid to comment on it become more and more desperate for new things to say about it – a professionally pressing need which tends to split the pundits into two distinct camps, each equally one-eyed about whether prospects are good or bad.

Continue reading

Patience, Bund bears! Patience!

No, Mario is NOT about to give up Рwhatever! China monetary trends might mean the industrial earnings cycle has peaked. US debt levels are still OK, but the low cost is promoting slightly worrisome growth Рnor are Tech balance sheets entirely without blemish. Commodities Рclueless and friendless.

Please click for the latest Monitor

17-06-28 M4 No 6