I see a lot of people talking about how great Ben Bernanke is these days and how all the “Fed Rage” (the constant degradation of Bernanke and his policies) is [ … ]
Open Discussion Follow-up
First of all, thanks for the kind words many of you had in the comments on the open forum post. That was totally unnecessary and not what I expected. But [ … ]
Moody’s: High Yield Bonds Are Mispriced
Here’s some interesting commentary on the state of the high yield bond market (which, as FT Alphaville says, might not be appropriately named given its actual low yields). Moody’s shows [ … ]
Rail Traffic Stabilizing in Low Single Digits
Rail traffic trends have been undoubtedly weak in recent weeks as we’ve seen double digit year over year growth slide into negative territory. This brought our 12 week moving average [ … ]
Jobless Claims – A Positive Barometer, For Now
There have been a few very consistent good news stories over the last few years. And one of them is the story behind initial jobless claims. Claims, in case [ … ]
Open Thread – Anything Goes
What’s on everyone’s mind? Do you have a question for me? Do you have an insult for me? Do you have insults for each other? Do you have a suggested [ … ]
When Will the Fed Ease Off The Gas?
It’s no secret that the Fed’s easy monetary stance has steered many people’s opinions of the markets and has helped the economy (at least to some degree). And as Keynes [ … ]
The End of America
Doom and gloomers suck.
Irrationality
It is possible to conclude, therefore, that psychology typical of irrational market behavior is at play. This suggests that when expectations shift from inflation to deflation, irrational behavior might adjust risk asset prices significantly. Such signs that a shift is beginning can be viewed in the commodity markets.”