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Way back in July, we got to a level of stress historically consistent with the Fed coming in to save ... Read More
We’ve had quite a bit of chaos of late, between non-Fed banks shifting a little towards protecting their economies ... Read More
The BoJ pivoted with their repeated yen interventions and the BoE intervened to bail out pension funds. Perhaps the Fed ... Read More
Clearly, things are getting exciting in asset-land. Unfortunately, exciting usually isn’t a good sign when it comes to asset ... Read More
I don’t intend this blog to be a weekly blow-by-blow of what’s going on in the market, but ... Read More
Where do markets go from here? It seems like there are a lot of strongly held ideas out there, but ... Read More
Frankly, this environment is very complicated, probably the most complicated in the 23 years I’ve been doing this. I’m ... Read More
To cut to the chase, the Fed is now in a no-win situation. They waited way too long to remove ... Read More
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