If a major financial crisis was approaching, we would expect to see the "smart money" getting out of stocks and pouring into government bonds that are traditionally considered to be "safe" during a crisis.
Something doesn't quite add up when the median price of a new home is just shy of all time highs, while the actual number of new homes sold is just shy of all time lows.
Last weekend my wife was seized by an unwholesome enthusiasm for tiny houses. She'd read they were featured at something called a Better Living Show and wanted to go.
I had the pleasure of being interviewed once again by Gordon Long as part of his financial repression series. The topic of this interview was "America's Pension Problem".
Winding up Route 400, a good 40 minutes' north of Atlanta's traffic-snarled freeways, are miles of farmhouses, interspersed with mobile homes, McMansions and thrift shops.
On Sunday, we suggested that the increase in traveling escorts combined with a concurrent drop in spending on alcohol and gambling bodes poorly for consumer spending in the US.
Two days ago we highlighted a new study from the St. Louis Fed where someone had the very prudent idea to strip out loans in deferment and forbearance from the denominator of the student debt delinquency rate equation so everyone could get a better i
The school year is winding down. Those ending their junior year are planning summer trips to college campuses and most seniors are gearing up to head off for college this fall.
So the fundamental case for a 20 year bull run as BMO is calling for and certainly many other banks seem to be onboard with that is not looking great YTD.
A few days ago, when looking at the latest quarterly compendium of humor, aka the IMF's world economic outlook release, we showed the reason why economists are such horrible forecasters: all they do is extrapolate trends.
Dear young people of America, I’m sorry... You’re entering a world that has condemned you to slavery before you were even born. No, not the full-blown, work-in-the-fields slavery you learned about in school, but something that has most of the sam
...can central banks really buy trillions of dollars of debt securities today with money they didn’t have yesterday without something going very wrong? Can they create money endlessly out of nothing to manipulate interest rates without consequence
The sudden decision to buy EUR and dump USDs (after a slew of Fed speakers spewed their usual spew) has sparked a buy everything trade across markets as bonds, stocks, and crude are surging...