We’re approaching a level of truly horrific returns in the energy space as the price of oil continues to crumble in the early days of 2016. There are quite a [ … ]
Here are three charts I think I am thinking about:
I’m not a particularly big fan of relying on traditional “value” metrics. It’s not just my mistrust of factor investing. It’s that I just don’t think anyone really knows what [ … ]
This strange new world of disinflation continues. Yesterday’s CPI reading in the USA came in at 1.7% which was down from 2%. Core inflation (minus food and energy) was also [ … ]
Here’s an interesting piece of research from the NY Fed that explains why the demand for housing remains relatively low – potential buyers just have too much debt and not [ … ]
Here’s some perspective for you on the state of the European economy. German bond yields are at unprecedented nominal levels (via John Mauldin): While it should surprise no one, German [ … ]
Economists and central bankers tend to be less focused on what consumers pay at the grocery store because food and energy prices have historically been more volatile – remember, it’s just “noise”. However what they can’t ignore is how shoppers view inflation – i.e. inflation expectations. And food prices have a significant impact on households’ views on future inflation.
The bears on global growth have blown the “secular stagnation” theory out of proportion.
No, T-bonds bonds don’t remotely resemble the Nasdaq bubble….