Michael Shedlock's picture

The laugh of today comes from Fed non-voting member James Bullard who says Raise Rates or Face 'Devastating' Bubbles. "The U.S. risks inflating asset price bubbles with 'devastating consequences' if it leaves interest rates at...

Sheraz Mian's picture

Alcoa’s (AA) earnings release on April 8th will put the spotlight on the Q1 earnings season. But trends in estimate revisions are setting up Q1 as a very weak reporting cycle. The magnitude of negative revisions that...

Matthew Kerkhoff's picture

Last week the market reacted positively to the Fed’s statement, in which the word “patient” was removed. This sets the stage for possible rate hikes as early as the June meeting. But the Yellen Fed artfully orchestrated...

Jeffrey D Saut's picture

Most of you know I spend my days gathering “thin reeds” and try to weave them into a favorable “investment bouquet.” As Yogi Berra said, “You can observe a lot by just watchin’!” To this point, about a month ago I wrote...

Marc Chandler's picture

In what can only be seen as an unexpected Chinese success, several U.S. allies have agreed to participate in China and India's Asian Infrastructure Investment Bank. The U.K. not only appeared to break ranks with...

Daniel Amerman CFA's picture

Riding a tiger is one thing. But getting off the tiger, without that tiger then whirling around and consuming you – now that is another thing altogether. A short non-econospeak translation of the results of...

Doug Short's picture

The Latest Conference Board Leading Economic Index (LEI) for February is now available. The index rose 0.2 percent, which follows a 0.2 percent January increase and a 0.4% December increase. The latest number...

Michael Shedlock's picture

A few days ago I asked How Long Before Cash is Banned? My question was in reference to reader CNA (Cards Not Appreciated) who made a comment. My belief is that cash is going the way of the dinosaur.

Andrew Zatlin's picture

Demand-pull inflation – too much money spent chasing too few goods – should be present by now. An increase in payrolls means more wages. More wages means more retail spending. All three are currently accelerating.

Bill Fleckenstein's picture

The Fed downgraded its economic assessment and raised the bar as to what would cause it to tighten. Thus, versus expectations, in "beat-the-number" parlance, the Fed "missed and lowered." Given the world economy, they may never raise rates, but the change...

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