Notes From the Rabbit Hole


I've continued to receive positive feedback about NFTRH reports as online posts, so here is another one. I am not sure why but this format allows or encourages me to…

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Read more about the article Barometers to the Everything Bubble

Barometers to the Everything Bubble

Anthony Sanders has one of his short and entertaining posts (the Fed is a 97 lb. weakling, you know) about the Everything Bubble (@Biiwii)... Mother Of All Bubbles (MOAB) And…

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twisty the clown

FOMC: Not Enough Inflation, Folks

Not enough inflation.  That's what the Fed is saying yet again. FOMC Statement "Inflation has continued to run below the Committee's 2 percent longer-run objective, partly reflecting earlier declines in…

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twisty the clown

A Joyless Bull Market?

What, are you kidding me?  I mean, sure, it's a pain in the ass listening to Bullard this, Yellen that, Rosengren this, Fisher that, Fischer this, Evans that...  What ever…

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twisty the clown

Dear Fed: Just Asking for Consistency

As anticipated, August was a month full of Fed jawboning because it was a month without an FOMC meeting.  I knew they would fill the void with an expectations management…

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Jawbones on Parade!

Okay, this is beyond what even I thought possible when noting in NFTRH 406 (ref. this post: A Treasure Trove of Nuggets From the MSM)... “Yes yes, I know the…

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QE; the Beat Goes On

The BoE, in battling the fallout from Brexit (a decelerating economy), has dropped rates to .25%.  Bond markets cheer, with US yields dropping (bonds up) and global bonds rising.  From…

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“If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn't. And contrary wise, what is,…

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NFTRH 398 Out Now

45 pages and not nearly as difficult to get through as that sounds.  Things seem very clear to me about what is going on with the macro backdrop.  The May…

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“A Historic Bull Market”

The US is in the midst of one (Bloomberg) It's another piece talking about this "most hated bull market of all time". So many bull wiseguys highlight this while soft…

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