Suspension of disbelief is critical to process data
People have a bias toward belief. And in the virtual world where the Internet dominates news sources, this has big consequences.
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The Internet is for data
Internet is for data. Aside from emailing people, the whole purpose of using the Internet is to sift through data and find the piece of data you want: the lowest price, the funniest video, the best movie. So a service provider, the more…
Are the tales about a Goldilocks economy and the worries about recession conflicting narratives?
These are conflicting narratives, yes. But they don't have to be because, as Minsky quipped, stability breeds instability.
The latest GDPNow figure is up to 4.5%
There is no need for doom and gloom yet. Right now, it's about as good as it gets.
Trump’s unreliability increases Germany’s commitment to the EU
Trump's actions make German politicians of all stripes more committed to Europe. Mainstream German parties realize they need the EU more than ever.
Tesla is back looking for money, this time to fuel an Asian expansion
Tesla is a completely speculative, junk-rated venture. Investors in the company are betting on Elon Musk's celebrity as a forward-thinker, hoping he can ramp up production and achieve significant economies of scale
Trump, sky-high oil prices and US strategic petroleum reserves
Oil prices are at a point where Donald Trump may consider using the using the Strategic Petroleum Reserve to provide modest price relief to consumers.
An update on the Trump plan to get the Europe to buy US LNG and block Nord Stream 2
I think we need to follow this issue. It is a perfect intersection of energy security, foreign policy and financial issues that are very important for Europe and the US.
Fed overtightening risk now begins in earnest with yield curve at my predicted 25 basis points
The yield curve has flattened to the point where two-year yields are only 25 basis points lower than 10-year yields. I have been predicting this outcome for several months and see this as a level to worry about the Fed's ability to engineer…
Did France and Germany just commit to raising defense spending to 2% well ahead of schedule?
UPDATE 815AM EDT: I see Reuters has reported that "Trump says that NATO allies have committed to raising defense spending beyond 2 percent of GDP." This reporting validates everything I write here.
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We have a lot of new…