Thin Trading: Fed Fund Futures and Antique Watches
Yesterday, Traders embraced the release of the FOMC minutes. Indices were flat up until just before the 2:00pm release, and then took...
Alan Greenspan on The Daily Show
Since its a quiet holiday Monday, how about some Greenspan-related fun: A stunningly revealing interview that Jon Stewart conducted...
Its Non-Farm Payroll Day!
Yeah, its that god-damned time of the month again. The consensus for NFP is for 115,000, with a range of 50,000 to 147,000, according to...
ECB on Core Inflation
Wow, turns out we were pretty timely with our response this morning. This morning, the ECB chief noted that the "risks to the...
Inflation: CPI, Core Rate, Inflation ex-Inflation
I have been a critic of the official inflation rates for quite some time. Recently, some have taken me to task for this. Brad DeLong...
Are Markets Always a Discounting Mechanism ?
On Kudlow & Company last night, Doug Kass and Larry got into a debate (with Art Laffer refereeing) as to whether markets are a true...
There’s No Inflation (If You Ignore Facts)
First Bloomberg, now Newsweek: One of our favorite topics — inflation ex-inflation — has been slowly creeping into the...
Exporting Inflation from China
Speaking of Inflation, you can actually see the official inflation rate of China here: Some of the actual data: Food inflation is running...
Speechless on Core CPI
I did a really crappy job last night responding to Jason Trennert’s comments on inflation. Mostly because I was stunned that, at...
CPI Info-porn
Yesterday, we noted how the CPI has diverged from reality (CPI Inflation Data is a “Lie”). Today, I wanted to direct your...