Famous Last Words
Barron’s notes that while Bernanke did not utter those four special words, the meaning of his speech this past Monday essentially...
New Real Estate Phase: Repricing Houses Downwards?
As we noted Thursday, we had very strong existing home sales. But before you freak out about the Fed going to 6%, put this into context:...
Goodbye M3
Today is the day M3 reaches its demise. We have discussed this repeatedly over the months. Thanks to the Prudent Investor, we are...
Exisiting Home Sales Pop
Very strong existing home sales reported this morning — the immediate reaction was for yields to tick up, and equities to head...
Does the CPI Reflect Reality?
I almost missed this earlier this week, and its on point to our prior discussion: The WSJ asked its readers: "Does the...
Historical Fed Fund Ranges
As I have stated repeatedly, I do not buy this "One and Done" meme. This is the 3rd attempt at it — the first being last...
Federal Reserve Speech Roundup
Lots of jawboning out of the Fed these days. Instead of joining the list of pundits giving you their spin. Instead of joining that...
February CPI Tame
I would be remiss if I failed to address yesterday’s CPI data, which can be described as tepid. And as you may have surmised, this...
Thomas’s Ham & Eggery Guide to Inflation
Last week saw a hefty spike in interest rates. In particular, the 10 Year Bond got slammed, as rates climbed to 4.684%, levels not seen...