Browsing Tag

interest rates

The credit cycle is now turning down

I am now stuffed with Turkey after days sitting around eating for the Thanksgiving holiday here in the US. Today is Black Friday, the biggest day of the year for retail sales. And so it makes sense to write this newsletter post today.  I…

Back to the Fed

The midterm election is over. So we can go back to worrying about the Fed! I ended yesterday's political economy piece saying: My sense, here, is that a divided Congress means we are in a ride it out period economically. There are no more…

A quick note about the bond market

I don't have a daily post for you today. So, in lieu of a daily, I wanted to make some more general comments about interest rates that I have been making in my market commentary pieces. The accelerated hike timetable In February, I wrote a…

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