Monthly Archives: May 2015
Fundamental Flaws Fading The Fed
“Don’t Fade the Fed!” has been the most successful trading and investing strategy for over 6 years. This simple recipe has been driven by the Federal Reserve, and other central banks, as their “market activities” have expanded to dominate markets, and have increasingly targeted the stock market as … Continue reading
Debt, Inequality, and Crisis
Steve Keen has just released an outstanding new video which convincingly demonstrates the short sightedness of current mainstream economic thinking, which dominates current economic policy. These new insights should change the conversation about economics. This work has huge implications: 1. It provides … Continue reading
Twilight Zone For Markets And Monetary Policy
Is it possible for a stock market to trade at all-time highs even as the underlying economy plunges into a deflationary recession with record levels of debt? Until recently I would have said “No Way”. Today, however, it not … Continue reading
US Now Tracking A Technical Recession.
The Atlanta Federal Reserve GDPnow model is quickly growing a reputation for the most accurate advance estimate for GDP. It is now tracking a negative growth rate for GDP over the first half of 2015. http://www.zerohedge.com/news/2015-05-13/q2-gdp-forecast-cut-07-atlanta-fed The charts in the … Continue reading
Transitory Denial. Umbrellas don’t cause rain.
The one clear message from the Fed meeting this week, was that any economic indicators that did not fit their narrative were just “Transitory”. Having been consistently wrong in their forecasts for 6 years or more, this lack of humility and … Continue reading
