Dead on Arrival: Obama Proposes $10 Per Barrel Oil Tax; What About TPP?
Bold Proposal Consumers enjoy the benefits of lower oil prices but President Obama wants to take that joy away. In …
Category Archives: Uncategorized
Damn the Side Effects, More Stimulus Coming
Damn the Side Effects A debate between the inflation doves and hawks in the ECB is underway. We already know …
Recession has Arrived; Factory Orders Decline 2.9%, Inventories Rise
Even though economists see a mere 20% chance of recession in 2016, I am increasingly confident a recession began in …
Currency Wars and a Job Gain Recession?
I am entertaining the notion of a “Job Gain Recession“. A chart of year-over-year nonfarm employment shows that’s nearly what …
Chicago on Brink of Bond Market Shutoff: Tax-Exempt Yield Hits Stunning 8.50%
Verge of a Bond Market Shutoff The Chicago Board of Education is on the verge of a bond market shutoff. …
Like Lemmings Over a Cliff: Fed to Test Negative Interest Rates
Financial Repression Lemmings Low and negative rates have not done a damn thing for the Eurozone, Switzerland, Japan, or any …
Non-Manufacturing ISM Cracks Appear: 8 of 18 Industries in Contraction
NMI Cracks Appear The non-manufacturing (services) ISM is still growing but prices and new export orders both plunged into contraction. …
Portion of US Treasury Yield Curve Inverts
Inversion! Curve Watchers’ Anonymous has had its eyes on the yield curve in expectation that portions of the curve would …
Pressure on Yuan Continues: China Blames “Selectively Blind, Jealous People” for Selloff
The value of the offshore yuan vs. the US dollar continues to sink following a brief intervention respite by Chinese …
Socialists Get Chance to Form Government in Spain: What if They Fail?
Incumbent prime minister, Mariano Rajoy declined an invitation from the King of Spain to form a government. Although Rajoy’s center-right …