alice

The Draghi Down the Rabbit Hole

It is beyond me how conventional market participants can continue to play this game without having already completely lost confidence in the Central Bankers of the developed world, save for a US Fed temporarily speaking out of both sides of its mouth, at once firm on raising the Funds rate and considering NIRP.  Among the developed world, the US looks relatively sound with its massive … Continue reading The Draghi Down the Rabbit Hole

t bills, spx, 30 year yield

FOMC Word Play Kicks Off a Correction That Was Coming Anyway in Gold, May Soon Come in Stocks

What They Said “In determining whether it will be appropriate to raise the target range at its next meeting, the Committee will assess progress–both realized and expected–toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and … Continue reading FOMC Word Play Kicks Off a Correction That Was Coming Anyway in Gold, May Soon Come in Stocks