Michael Shedlock's picture

Anyone with an ounce of common sense knows that negative interest rates cannot occur naturally, can only occur with government or central bank intervention, have nothing to do with free markets, and must fail eventually.

Matthew Kerkhoff's picture

If you’re having trouble understanding why the stock market keeps heading higher, try having a BEER. At the very least, it’ll give you a different perspective on the relative valuations of between stocks and bonds.

Marc Chandler's picture

Former Fed Chair Bernanke keeps a blog at Brookings. His latest post offers insight on how to think about the Federal Reserve’s and, in particular, Fed officials' understanding of the US economy.

Keith M Barron PhD's picture

Can you believe the fix that the West is in? Interest rates lowered artificially to near-zero or negative to forestall deflation? Clinton lauded as the President under which the economy showed a surplus, though he and Bernanke birthed...

Jeffrey D Saut's picture

“It’s like Déjà vu all over again.” —Yogi Berra. I loved Yogi Berra! First as a baseball player, who in his 19-season career played in 18 All-Star games and on 10 World Series Championship teams, and then as a manager and coach. He always had...

Michael Shedlock's picture

Every time I do a post on self-driving vehicles, someone chimes it “it will not happen for decades” if ever. My timeline, for the US, remains 2022-2024 and I may very well be not optimistic enough. One 100% guaranteed the measure of...

Patrick Schotanus's picture

Stagflation combines the worst extremes of a deflationary bust with an inflationary boom. Parts of the global economy risk entering a phase of stagflation - and Brexit could make the UK an early victim. Metaphorically speaking...

Kurt Kallaus's picture

Sentiment, as represented by historical oil contracts held by institutional traders, imply that prices were relatively overbought in May/June, just as they were in the same period of 2015. Assuming oil speculators adjust their positions close to oversold levels...

Charles Bolin's picture

The Investment Climate has taken a breather from its decline but is not positive for stocks at this time. I suspect that it will continue its descent before the end of the year. Ben Inker wrote in the GMO Quarterly Letter, “There is no panacea for the low returns...

Michael Shedlock's picture

On July 13, the Fresno Bee reported California’s big pension fund sees flat earnings for a second year. CalPERS still maintains that its long-term track record of 7.5% returns is intact. Is it? Reader W.C Varones sorts it out in his article...

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