U. S. Equity Strategy: Still Bullish, But Also Extended Near-Term
Despite the Nasdaq 100 getting quantitatively extended, the weight of the evidence continues to suggest that our bullish outlook remains...
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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...
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Trump Is Not the Cause but an Effect of De-Globalisation; No Magical Rebound in Trade
Between 1946 and 2011, global trade volumes typically grew at least 1.5-times the pace of global GDP growth, except during years of global...
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Wall Street Is Not A Bubble
World asset prices are supported by Global Liquidity. Historic correlation more than 0.7 Wall Street is not into bubble territory US Equity...
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Reasons Why the US Economic Recovery Should Defy the Doomsayers
The US economy did not enter recession carrying significant economic imbalances in contrast to the previous two recessions. Headwinds emanating...
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