Authored by Kevin Muir via The Macro Tourist blog,
The past three Fed Chairs before Yellen all had their own crisis to deal with.
Volcker had the disaster of the early 1980’s as he struggled to tame inflation with double digit interest rates. That helped contribute to the Latin American debt crisis, and the subsequent global bear markets in stocks.
Hours ahead of today's "historic" final Yellen FOMC rate hike, CPI disappointed and traders are bidding bonds and bullion while dumping the dollar...
The odds of two rate hikes next year just tumbled...
Gold jumped and the dollar dumped...
And Treasury yields are tumbling...
Authored by Nick Schmitz via Verdad Capital
We’ve done a National Geographic–style deep dive into the world of the Japan bears, reading the scare stories about demographic decline, old people dying alone, underrepresentation of minorities on corporate boards, and other anecdotal “evidence” of stagnant economic prospects. We tried to find the best examples of Japan bearishness: the scariest pieces of evidence we could find, stuff that portrays the world’s third largest economy as a zombie death trap for equity investors.
Following producer prices' surge in November, consumer prices rose 2.2% YoY (as expected).
October producer price pushed to its highest since Dec 2011 but consumer prices are not being pushed higher for now...
The energy index rose 3.9 percent and accounted for about three-fourths of the all items increase; indexes for motor vehicle insurance, used cars and trucks, and new vehicles also increased. The indexes for apparel, airline fares, and household furnishings and operations all declined in November
UK Stagflation Risk As Inflation Hits 3.1% and House Prices Fall