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CNBC Survey: Market Expecting QE2 In November
Reading Time: 1 minuteGreat survey by CNBC’s Steve Leisman reported this morning on market expectations for QE2. Here are some of the interesting results: 93% (65 of 70) expect additional QE. 83% (54 of 65) expect an incremental approach, such as quarterly or…
Another Good Day To Sell Stocks And Buy Gold
Reading Time: 1 minuteA couple weeks ago I suggested it was a good day to sell stocks and buy gold (“An Opportunity To Sell Stocks And Buy Gold”, Wednesday March 19). Today strikes me as another good day to do the same. Even…
Channeling Timiraos: What Powell Will Say Today
Reading Time: 2 minutesToday at 1:30pm EST Fed Chair Powell will give a speech at the Brookings Institute on “The economic outlook, inflation, and the labor market”. Let me save you some time and tell you in advance what he will say: First…
FB: Good Enough
Reading Time: 2 minutesFacebook (FB) just reported mediocre 1Q22 earnings – but with the stock as oversold as it is that’s good enough. Daily Active Users (DAUs) were up 30 million to 1.96 billion from 1.93 billion at the end of 2021. Revenue…
Jeff Gundlach: The Jalopy Economy
Reading Time: 1 minuteJeff Gundlach is one of the best in the business and his recent open letter, “The Jalopy Economy”, is one of the best recent analyses of the current macroeconomic predicament I’ve read. I strongly recommend taking the time to read…
Fed Gives Market What It Wants; Will Reinvest Mortgage Proceeds In Treasuries
Reading Time: 3 minutesTo help support the economic recovery in a context of price stability, the Committee will keep constant the Federal Reserve’s holdings of securities at their current level by reinvesting principal payments from agency debt and agency mortgage-backed securities in longer-term…

