Wonderland
“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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July 11, 2016
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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June 5, 2016
“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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April 28, 2016
Okay Speed Readers…
Time to whip through this text and then start hitting buttons! Or not.
Release Date: March 16, 2016
For release at 2:00 p.m. EDT
Information received since the Federal Open Market Committee met in January suggests that economic activity has been expanding at a moderate pace despite the global economic and financial developments of recent months. Household spending has been increasing at a moderate rate, and the housing sector has improved further; however, business fixed investment and net exports have been soft. A range of recent indicators, including strong job gains, points to additional strengthening of the labor market. Inflation picked up in recent months; however, it continued to run below the Committee’s 2 percent longer-run objective, partly reflecting declines in energy prices and in prices of non-energy imports. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months.
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March 16, 2016
A Wrap Up of Last Week’s Peek Behind the Policy Curtain
Note: This article assumes the reader knows the reasons we are now bearish on the Semiconductor Equipment sector. NFTRH subscribers definitely do and NFTRH.com/Biiwii.com readers should as well. Readers who…
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December 7, 2015
Until Today
Euro 50 Flips Draghi the Bird, S&P 500 Fails at a Key Parameter, Semi's are Fundamentally Bearish and Gold Has a Sentiment Washout Within its Bear Market Markets Had Been…
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December 4, 2015
Leading and Other Indicators: Time to Hike?
According to the amalgamation of 'Leading Indicators' to the economy, it is time for a rate hike. Here is the graph of LI and Fed Funds, from Wisdom Tree's post…
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September 14, 2015
Oh Snap!
I just discovered that one of my favorite data dumps, the St. Louis Fed, has a blog. It is now linked to the left as 'FRED Blog'. From FRED: FRED…
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July 8, 2015
Goldzilla
"History shows again and again how nature points out the folly of man" --Blue Oyster Cult, Godzilla I would have written off the gold sector long ago in its ongoing…
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November 18, 2014
Currencies & Commentary
Excerpted from the November 2 edition of Notes From the Rabbit Hole, NFTRH 315. Public readers please filter with the idea that the style of writing meshes with much of…
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November 3, 2014
Even the MSM Sees the Inequality by Policy
After one of my cynical posts finger pointing at a Fed talking head (in this case Janet Yellen) and answering her absolutely flawed rationalizations for the masses line by line,…
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October 23, 2014
3P’s Supporting Massive Market Speculation
Policy, Profits and Propping… that is without a doubt the underlying fundamental support for a massive and growing phase of market speculation that becomes more dangerous with every week that it lurches forward. Once again, the chart that proves this in no uncertain terms:
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November 8, 2013
Outer Limits of Monetary Policy and Inflation
The ISM has once again expanded. Policy is working, so please Dear Mr. Bernanke, begin to withdraw not only a token amount of Treasury bond asset buying in October; make a real statement for the ‘organic’ economy. Pull all T bond purchases and stop buying some MBS to boot. You’ll not only help the Fed’s balance sheet by doing so, you’ll also send a clear message to the people that you have confidence in the natural economy to build on its momentum.
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October 2, 2013