Fed Pragmatism: Abandoning Inflation Targets but Actually Shrinking Base Money
Last week's official abandonment by the Fed of a rigid inflation target was preceded by a surprisingly large US$450 billion reduction in the...
394 Views
It’s A Big, Beautiful ‘V’
V-shaped rebound confirmed. Global Liquidity Index (GLI) rises again to 85.1 (‘normal’ range 0-100). In US$ terms Global Liquidity could soar by...
719 Views
Recession Will Worsen This Quarter & Last into 3Q 2020 Despite Huge Fiscal Stimulus
Given the shambolic, disjointed US response to Covid-19, the US economy is likely to contract 20%QoQ in 2Q 2020 (far worse than 1Q 2020's 4.8%...
394 Views
Market Monitor: The Corona Carnage
Market was consolidating as the local outbreaks continue. We expect the worst (while hoping for the best). There are two uncertainties, in our...
630 Views
Three (Dangerous) Non-Consensus Thoughts
The World economy will progressively struggle back to work over the next 3-6 months. The recovery is starting. Somethings will change, but many...
870 Views