Bond Market Lunacy - Yields Lower With 4.3% Unemployment Rate Than When 10% - by Michael Carino, Greenwich Endeavors
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US Federal Reserve
Realism Is The New Pessimism (Or Why 4% GDP Targets Are Ludicrous)
Hedge Fund CIO: "Normally The Fed Would End This Bubble, But It Can't This Time For One Reason"
In his latest weekend notes, One River Asset Management CIO, Eric Peters, picks up where BofA's Mike Hartnett left off on Friday when he said that the "QE Monster" will only end when "the Wall Street bubble" finally shocks the Fed. Yes, but what will "end it", or better yet, what will "shock" Yellen and company out of their complacency?
Less Than Zero: How The Fed Killed Saving
Authored by Adam Taggart via PeakProsperity.com,
The other day I was in my local branch of a Too Big To Fail bank where I have a few accounts. One of them is a savings account in which I keep some of my "dry powder" cash stored.
Jobs Report Should Cause Pain for Overpriced Bond Markets - Michael Carino, Greenwich Endeavors
After 10 years of manipulating the bond market, the Federal
Reserve has overstayed its monetary policy welcome and created systemic
conditions that will have high costs for everyone. There is a place for depressionary and
recessionary monetary policies, but that was almost a decade ago. With GDP approaching 3% and inflation running
above 2%, do we really need policies and statements that keep unwitting
investors in a perpetual state of fear reflected in bond market yields that are
usually reserved for severe recessions and depressions?