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Matt King:"The Risk Is That Central Banks Created A Monster That Drives The Economy On The Way Down"

Matt King:"The Risk Is That Central Banks Created A Monster That Drives The Economy On The Way Down"

While most sellside "research" has traditionally been complete garbage, either meant to boost soft dollar revenues and build client goodwill by giving one-on-one "expert network" meetings with management, or a macro echo chamber of equity strategists all of whom are terrified to stray from the penguin, or is it lemming, flock (its only utility is to give insight into whatever the prevailing groupthink consensus is, allowing an easy opportunity to fade it) and desperate to be as optimistic as possible (there is little upside on Wall Street to be a pessimist or a realist) there are the occasi

The Fed's "Alarm Clock" Went Off 6 Hours Too Late: What This Means For Stocks And Bonds

Not only did the Fed miss its window of opportunity to hike rates, but it did so at the worst possible time, launching the first tightening cycle in 11 years just as US manufacturing entered its first recession since the financial crisis, just as the credit cycle entered its slowdown phase, and just as the default cycle is picking up, first in the energy sector one year ago and now spreading to all other industries.

It's Crunch Time for America

For years I have been writing about how our government has been hijacked from the people and how special interests have been manipulating the media to fulfill the agenda of the Military Industrial Complex. You can call it the Military Industrial Corporate Complex or any new-age nuance, but it is still the thing that Dwight President David Eisenhower described in his last addresses to the nationm

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