NIRP, really?

Posted on: by .

NIRP, Really? What is NIRP What is NIRP, quite simply it is the unimaginable just a short time ago. It is when the central bank takes rates negative. It sounds absurd and it is. During the height of the crisis, back in 2009-2010, as the Fed was figuring out what to do, they considered taking Read more…

Hedging?

Posted on: by .

For the last month I have heard the same thing from my friends and acquaintances in the Financial Adviser industry. They collectively hate these times, their phones ring with panicked clients, money is being lost by the day, and the only comfort they can offer is “We are all in this together.” Of course and Read more…

Feel the Cold!

Posted on: by .

The one thing the Democrats didn’t feel in IOWA was the Bern, just the cold. Here are the facts: • Iowa has 3.1m population, • 584,111 registered Democrat ACTIVE Voters • 612,112 registered Republican ACTIVE Voters • 726,819 registered Independent ACTIVE Voters • 30 Republican delegates • 44 Democrat delegates. I looked at the voting Read more…

Not all is Rosy

Posted on: by .

What we had hoped would not come to pass is now becoming reality. Perhaps it was hope rather than math, that drove optimistic perception. I have a saying, which I probably don’t repeat enough; “You can choose to ignore the math, but you can’t avoid it!” We tend to ignore real economic data, math and Read more…

1,000 Foot View

Posted on: by .

Is the world coming to an end? It would seem so as we watch the market take a nose dive, only to rebound in what seems nothing more than a “dead cat” bounce. So why all the turmoil, volatility, and radical markets? We can certainly try to point our finger at one thing or another Read more…

Got Jobs?

Posted on: by .

The major indices broke supports and have visited some lows. Blame has been tossed around from North Korea’s supposed bomb test to Saudi Arabia’s relation with Iran. The boring reality is the flow of capital, which is controlled by interest rates, margin (leverage), and money supply. As the Fed Co-Chair mentioned, the Fed’s policy (QE Read more…

Market Sell-Off?

Posted on: by .

As expected the market is coming under pressure after the New Year. The problems stem from the underlying weak economy, both domestic and abroad. The economy has never been as strong as some of the headline data would suggest, because of the Federal Reserve interventionist policies have artificially boosted the data. It was always the Read more…

2016 Predictions

Posted on: by .

It is the end of 2015 and we have been in for a wild ride, driven by Fed interventionism and uncertainty. The Fed raised rates to the upper end of their 0 – .25 years long ZERO rate policy. However, the 25bps raise had little effect on bonds or the market in general, yet it Read more…

Europe offers breathing room?

Posted on: by .

While I have been adamant that the Fed will NOT raise rates in December, one thing has changed my mind as it comes back to my CORE focus on the dollar and dis-inflationary pressure. We must remember at the end of the day it is the dollar and inflation/deflation that drives everything, even ultimately the Read more…

    Older Posts >>