interest rates

By Marshall Auerback This post first appeared on AlterNet Cutting rates at this juncture simply perpetuates current bubble-like conditions and therefore will make the ultimate outcome worse when the bubble inevitably bursts. The one…

This post is going to be relatively long because I am going to try to combine a number of threads together. I thought about putting this post in the investor newsletter pool. But I am going to give it a wider distribution because of the…

Hearing what Boston Fed President Eric Rosengren makes of the US economy, you get the feeling that the Fed may not be ready to roll over completely. And with the yield curve inverted between the 3-month and 10-year yields, we are at a…

Back in September 2018, Fed Governor Lael Brainard dismissed yield curve inversion as a signal of recession, something I saw then - and still see now - as a mistake. And what I said then is that this mistake would lead to the Fed's…

Yesterday's climbdown by the Federal Reserve on both interest rate policy and balance sheet reduction was not enough to satisfy the market's disquiet about the US economy. Equity markets sold off and US Treasury yields rallied as the…

This is a follow-on to yesterday's post, where I argued that we are in a holding pattern regarding the thesis that global growth deceleration has ended. The equity markets are positioned as if that thesis is true. But the bond markets show…

By Marc Chandler This first appeared on Marc's site, Marc to Market In the iconography of Mao, some see pictures of the Chairman showing both ears as signaling that he was listening to all the people.  In this sense, Powell had his Mao…

On today's market action Today saw the S&P 500 rise for the fourth straight day, the longest up-streak since September. And that puts us up 10% since Christmas Eve. Crude is rallying too , with WTI gaining almost 5% on the day to…

The Brexit news is coming hot and heavy now. The latest out of the UK is that House of Commons Speaker John Bercow has allowed an attempt to force Prime Minister Theresa May’s hand on the Brexit deal. The Commons Speaker will allow MPs to…

The trading day is over in the US and the numbers look good. Equity markets have recovered smartly from last weeks nosedive, with all major US indices up about 1%. Notable for me is the fact that WTI is trading close to $50 a barrel and the…