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Weekly Recap #166
Update of the key market and macro developments over the past week or so.
Conundrum #4: Great China Proof
It might be the greatest economics experiment of all-time. The Chinese have been in a near-constant state of “stimulus” for closing in on two decades. The results haven’t been subtle. And while officials in China keep doing more of the same, all they’re really doing is just providing more damning proof there is no conundrum.
Weekly Recap #165
Update of the key market and macro developments over the past week or so.
Weekly Recap #164
Update of the key market and macro developments over the past week or so.
Weekly Recap #163
Update of the key market and macro developments over the past week or so.
Weekly Recap #162
Update of the key market and macro developments over the past week or so.
Conundrum #3: Rate Cuts
Every cycle, the same headline appears. The Federal Reserve is cutting rates. And every cycle, the same reaction follows. Stocks cheer. Commentators call it stimulus. Economists say the Fed is “supporting the economy.” Financial media tells you easier monetary policy is on the way. But what if that entire interpretation is backwards?
Weekly Recap #161
Update of the key market and macro developments over the past week or so.
Weekly Recap #160
Update of the key market and macro developments over the past week or so.
Weekly Recap #159
Update of the key market and macro developments over the past week or so.
Conundrum #2: Lowest Lows
The Great Depression was just a few decades before Milton Friedman pointed out the interest rate fallacy in the 1960s. It should have ended any confusion. Despite a lengthy historical record already by that point, and then the experience of more sixty years since then, the fallacy continues to this day and is indeed the basis for Greenspan’s 2005 “conundrum.”
Weekly Recap #158
Update of the key market and macro developments over the past week or so.