The Fed is baffled as to why inflation remains so low.
It’s a clever move, given that the reason inflation is believed to be “low” is because the Fed has been purposefully understating inflation for years.
Perhaps the biggest fraud ever committed in financial history concerns the understating of inflation in the Unites States post-1971.
Authored by Steven Vanelli via Knowledge Leaders Capital blog,
With some exceptions, smaller-cap stocks in the US tend to pay higher taxes than their larger-cap peers. As such, speculation that corporate tax rates may be cut has stoked the performance of US small caps recently.
[ZH - and in recent days - tax hope appears to have faded fast...]
Authored by Kevin Muir via The Macro Tourist,
Although US stock markets are getting all the attention, Japan is quietly knocking up against 20-year highs.
One month after Goldman's proprietary crash indicator rose to 67%, the highest level since the financial crisis and dot com bubble, and suggesting a crash may be imminent, stocks continue to hit new all time highs, stumping anyone who still believes there is such a thing as an efficient market.
And here comes Citi, realizing it desperately needs to get on the bandwagon now before it's too late:
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It's probably not a coincidence that on the day bitcoin hit new all time highs above $5,200, and just over a week after the WSJ reported that Goldman is planning a bitcoin trading operation, JPMorgan seems to be changing it tune.