Top Gun FP Client Note: Bernanke’s Sophistry
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
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Top Gun FP Client Note: What Are The Consequences?
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
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Fed Talks Exit Strategy
In light of ongoing improvements in the functioning of financial markets, the Committee and the Board of Governors anticipate that most of the Federal Reserve’s special liquidity facilities will expire on February 1, 2010. – Fed Statement December 16 Very…
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Top Gun FP Client Note: The Risk Trade
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
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All About The Benjamins
The last three days trading is all about the benjamins – the dollar, that is. The better than expected Friday November Jobs Report has triggered a powerful rally in the dollar. That’s because it has led investors to believe that…
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Judy Shelton In The WSJ: The Fed’s Woody Allen Policy
But what if the Fed’s efforts to stoke a recovery are merely creating asset bubbles in equities and elsewhere? What if government guarantees—explicit and implicit—are encouraging high-risk investment behavior rather than restoring conditions for normal market returns? What if excess…
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Top Gun FP Client Note: Let The Bubble Blow
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
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Fed Kicks The Can Down The Road
The Fed made no substantial changes to policy or the statement. The key sentence on “exceptionally low levels of the federal funds rate for an extended period of time” was unchanged. Essentially, they didn’t want to take any chances of…
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Top Gun FP Client Note: Moment Of Truth Nears For The Fed
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
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WSJ: The Dollar Is Driving Financial Markets
We’ve got this very unstable situation in which Fed policy is dictating the behavior of so many assets. The dollar is at the nexus of this. – Dean Curnutt, President, Macro Risk Advisors, quoted in “Dollar Calls the Tune For…