Category Archives: Dallas Fed
Asian Stocks Slide On iPhone X Demand Fears; US Futures Flat In Thin Holiday Trading
For the second day in a row, most Asian markets – at least the ones that are open – were dragged lower by tech stocks and Apple suppliers, with the MSCI Asia Pacific Index down 0.2% led by Samsung Electronics and Taiwan Semiconductor Manufacturing in response to the previously noted report that Apple will slash […]
Fed’s Kaplan Makes A Stark Admission: Equilibrium Rate May Be As Low As 0.25%
As we have hammered away at for years, “the math doesn’t work”, and it appears The Fed just admitted it. In a stunning admission that i) US economic potential is lower than consensus assumes and ii) that the Fed is finally considering the gargantuan US debt load in its interest rate calculations, moments ago the […]
Are You Prepared For These Potentially Disruptive Economic Storms?
Authored by Frank Holmes via StockBoardAsset.com, Summary Are government inflation numbers more “fake news”? A falling dollar is good for U.S. trade. Are you ready for a big fight? Here in San Antonio, grocery stores were packed with families stocking up on water and canned food in preparation for Hurricane Harvey, which has devastated Houston […]
Gold Spikes After Fed’s Kaplan Says “Market Correction Could Be Healthy”
Gold is spiking, USDJPY dropping, and stocks leaking lower after Dallas Fed’s Kaplan dropped some serious tapebombs ahead of Yellen’s speech… Speakingon Bloomberg TV, Kaplan headlines wwre as follows… FED’S KAPLAN: WE CLEARLY ARE ACCOMMODATIVE RIGHT NOW KAPLAN: INVESTORS USED TO IDEA RATES WILL BE LOWER FOR LONGER FED’S KAPLAN: MARKET OR REAL-ESTATE CORRECTION COULD […]
“It Is A Battle Between Data And Theory” – Fed PhDs Second-Guess Inflation Model After 5 Years Of Failure
Federal Reserve officials are finally waking up to the fact that there’s something wrong with their inflation models. It only took them five years. As Bloomberg points out, the minutes from the Fed’s July policy meeting, released yesterday, included a debate about whether the models that help the central bank set its inflation target are […]
Fed’s Kaplan Admits Stock Valuations Are Elevated, But He’s Not Worried For One Reason
There were two explicit warnings about stock market valuations in the latest Fed Minutes: first, the Fed warned that “vulnerabilities associated with asset valuation pressures had edged up from notable to elevated, as asset prices remained high or climbed further, risk spreads narrowed, and expected and actual volatility remained muted in a range of financial […]