2018

Personal interest income will rise as the Federal Reserve raises interest rates. Banks will be slow to raise rates on deposits and on CDs. Nevertheless, as the Fed raises rates, this is a problem.

Technological disruption poses serious threats to incumbent businesses. Here are two examples from Artificial intelligence and Walmart's earnings showing how this disruption occurs.

James Montier reveals data showing everyone knows stocks are overvalued. But they act as if they believe they can get out before the bottom falls out. This will end badly when the market stalls out.

Volatility is still elevated in US equity markets. Rising real yields are the big factor there. All signs are that real yields can continue to rise. But going forward, globally, some other issues to consider are household debt and the ECB's…

Rotating into emerging market equities as the US market soars is Jeremy Grantham's recommendation. That's a daunting prospect for most US retail investors. Here's why.

Albert Edwards says the Fed will tighten more aggressively. The increase in interest rates will be a stimulant at first. But eventually, the higher rates will catch up with debtors.

Rising inflation expectations are pushing interest rates higher. But Fed moves matter more. If the data continue to show growth in the economy, markets will move toward the Fed and interest rates will rise.

The rise in inflation is necessary but not sufficient to force the Fed to tighten even more aggressively than it has forecast.

Low interest rates in the UK show how powerful expectations of future central bank policy action is on bond markets given rising inflation.

While the consensus narrative fears of rising inflation triggered equity sales has much to recommend itself, there is a major discrepancy.