To quote the famous sports philosopher Lee Corso “Not so fast my friend!” The mainstream media’s hostility towards President Donald Trump is beyond absurd and […]
Warsh, Rinse, Repeat
Meet the new boss, same as the old boss. With those prophetic words uttered by The Who, America welcomes a new Chair to the Federal Reserve replacing a Burnsian like failure, Jay Powell. The question becomes what type of Fed Chair does Kevin Warsh intend to emulate or does he actually have a new reform minded program which might actually modernize some of the antiquated thinking which has lead to crisis after crisis since LTCM in 1998? I. The Greenspan Repeat? To answer this question, let's review some of the commentary and statements from Mr. Warsh himself to formulate some ideas. New Fed Chair Kevin Warsh suggests he may take an Alan Greenspan-style approach at the central bank The following…
What if the Bond Market Isn’t Warning About Inflation
The common theory being propagated by the media is that…
Credit Union Failure Vacation Edition: Jackson Area Federal Credit Union in Jackson, MS
I go on vacation to the tropics for a week…
05.01.26 Bank Failure Friday Returns: Community Bank and Trust LaGrange, GA
It's been a while, but here we go again. From…
Trump Continues the Inflation Propaganda Campaign
I must, once again, spell this out for my old readers and new ones, one more time: I really wanted President Trump to succeed. I […]
Trump to Announce a Hopefully Future Trade Deal With 12th Largest Trading Partner
They political and financial media hypesters are at it again in a desperate attempt to keep the stock market and more importantly the bond market […]
Another FOMC Nothingburger, or Is It?
The financial media is all perplexed to read today’s Federal Reserve Open Market Committee statement as their appears to be a whiff of stagflation in […]
I.Y.K.Y.K.
If you’ve been following these pages for the last 20 years, welp, buckle up if you’re long the markets. An old tradition finally returns in […]
After this Week’s Holiday Look for a Market Rollover
The United States sometimes forgets that it takes two to tango and make a deal, or for that matter, make a market. This week is […]
Something Wicked From Asia Has Hit US T-Bills
As many of my regular readers know, I maintain fairly bizarre hours as I’m usually in the office early getting things accomplished and sometimes up […]
Breaking Bad Enters the Trade War Conversation
There will be a cadre of bulls who insist that this author is insane. For the record, I am not a permanent bear as it […]
The Scariest Economic Easter Chart of them All
When I first saw a different version of the chart below posted by Torsten Slok in his “The Daily Spark” email newsletter, I immediately had […]
The Warnings on Gold Were Correct: Panic is Here
On Sunday evening, these pages warned about the following: There is a risk that further mistakes could be made which will result in gold far […]
Gold: Now All of you Can Worry
There is a weird situation that only happens at the precipice of a major financial crisis. I’ve lived through several of them now and as […]
5 Big Reasons Trump Capitulated on Tariffs
And no boys and girls, it was not the million plus donated to the “inauguration fund” by Apple CEO Tim Cook. The past 24 hours […]
The Original Anti-Inflation Movie was Falling Down
Change my mind. On a more serious note, the reality of inflation, stress on the middle class, and people being addicted to mind numbing drugs […]
The Absurdity of US Trade War Strategy in One Story
The listeners to the MacroEdge Radio show via X-Spaces might come to the conclusion that this author is pro-globalism and anti-tariffs. That is the furthest […]
Get in My Belly of The Curve
Fat Bastard knew. Bond traders knew. The Asian traders thought they knew. European traders are still saying what the f***. Ignoring the so-called “tariff” relief […]