When the Inflation Trend Isn’t Your Friend

This particular data series which severely lags PCE and CPI-U is one of the Fed’s favorite data points for watching the trend of inflation. One […]

Trump’s Nixonization of the US Economy

The absurdity of today’s behavior by the Trump administration was put on full display by United States Secretary of the Treasury Scott Bessent and US […]

Platinum: The Other White Metal

I’m going to keep tonight’s submission short, sweet, and to the point. There’s another white precious metal out there that most investors and speculators ignore […]

Did The Bank of Japan Make A Tactical Mistake?

The Bank of Japan is as screwed up as Jay Powell’s Federal Reserve. There, I said it. Except they bow more, are more polite, and […]

Trump’s Stagflation Nightmare Accelerates with Powell’s Folly

As someone who studied history and lived through the late 1970s in high school then into college, it might seem like I am now once […]

The Federal Reserve’s Binary Choice Means Pain

There are points in economic cycles where the outcome of any economic decision made becomes a binary choice. Unfortunately for the American public, the upcoming […]

IF You Thought the FOMC Was a Snoozefest, Here Comes Nonfarm Payrolls

Wake up you heathens! It’s the most important employment report in the history of mankind. Don’t believe me? I’ve heard rumors that Federal Reserve Chairman […]

Godzilla or Just More Chart Crimes?

There has been a lot of excitement overnight and online with FinTwit and the financial media about the sudden move in the Japanese bond yields, […]

Will Trump’s War on the Fed Crash the Markets?

“There is no cause to worry. The high tide of prosperity will continue.” – Andrew Mellon, August 1929 The President of the United States once […]

07.03.25 Nonfarm Payrolls: The Gig, er, Gag is On Us

This morning’s nonfarm payrolls report wasn’t that much of a shock if anyone read the previously published article about the predicted numbers for today. Granted […]

07.03.25 Non-Farm Payroll Previewarama

For the record, if one is not already getting prepared to clean the smoker, load the cooler, and prepare to smoke some quality dead pig […]

Federal Reserve Chair Jay Powell to Congress: No Cuts for You

In about ten minutes from now, Federal Reserve Chairman Jay Powell will present the following prepared remarks to the Committee on Financial Services, U.S. House […]

What This Morning’s Empire State Manufacturing Survey Said Which is a Warning for the Fed

The New York Federal Reserve Bank published it’s monthly Empire State Manufacturing Survey and the headlines were disturbing to the financial markets for all of […]

The Richmond Fed Survey Screams Stagflation

I just wonder if they cleared that with old Jay before they released it. For the record, so my readers know that this author is […]

The Bond Market Warned Us, Nobody Listened

In early April, shortly after “Liberation Day,” the US bond vigilantes interrupted their month long vacation of what is normally a dull month just long […]