Beware of a Very Aggressive Steepening of the Yield Curve by the Fed – Mish Talk
Jack Farley interview two genuine bond gurus, image from video clip. Here’s a very interesting interview of Joseph Wang and Harvey Bassman by Jack Farley....
Hawkish Fed? No, This Was a Dovish Fed Meeting – Mish Talk
Dot Plot courtesy of the Fed, Annotations by Mish Hawkish Fed?! The following Tweets and discussion involve Joseph Wang (@FedGuy12) and Harvey Bassman (@ConvexityMaven) inventor...
A Dramatic Yield Curve Transition From a Steep Front to Back End Flatness – Mish Talk
Yield Curve data from New York Fed, chart by Mish On Wednesday, the Fed hiked interest rates for the first time since 2018. The lead...
Builder Confidence Decreased to 79 in March
by Calculated Risk on 3/16/2022 10:08:00 AM The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 79, down from...
Fed Hikes by 1/4 Point, but Quantitative Tightening QT is the Real News – Mish Talk
Dot Plot courtesy of the Fed, Annotations by Mish Press Release Here is a snip from the FOMC Press Release. The Committee seeks to achieve maximum...
Affordable Housing Activists Demand Homebuilders Build Fewer Houses – Mish Talk
Various rent control articles from internet search. The Wall Street Journal notes more than a dozen states are investigating rent controls as rent spiral higher....
A BRIC House and an International Dollar Default by the United States – Mish Talk
Global Isolation Impossible The US and EU have tried mightily to isolate Russia, even to the point of a de facto but unrecognized default on...
Real Wages Decline 12 Times in the Last 14 Months – Mish Talk
Real Hourly Wages data from BLS chart by Mish Key Points For all workers, real (inflation-adjusted) wages declined nearly 0.8 percent in February. For all...
Unprecedented Fed Action May Have Just Started a Global Currency Crisis – Mish Talk
Unprecedented Action The Fed, likely acting on orders from the Biden administration, froze the US dollar reserve assets of Russia. Some may cheer this others...
Principles for Dealing with the Changing World Order: Ray Dalio
I believe the world is changing in big ways that haven’t happened before in our lifetimes but have many times in history, so I knew...