Silver as an investment

Category Archives: macroeconomics

FOMC Hikes Rates As Expected: Expects 3 Hikes, Faster Growth As Two Dissent

With a 98.3% probability heading in, there was really no doubt the most-telegraphed rate-hike ever would occur, but all eyes are on the dots (rate trajectory shows 3 hikes in 2018), inflation outlook (unchanged), and growth outlook (faster growth in 2018), and lowered unemployment outlook to below 4%. The Fed also plans to increase its […]

Mark Carney Forced To Explain Surge In UK Inflation To Highest In Almost 6 Years

The market expected Mark Carney to avoid it but it was just not meant to be. The BoE Governor will suffer the ignominy of a bizarre tradition of having to write a letter to the Chancellor of the Exchequer explaining why UK inflation is more than 1.0% above the target of 2.0%. The market had […]

The Fed’s “Magic Trick” Exposed

Authored by Jeff Thomas via InternationalMan.com, In 1791, the first Secretary of the Treasury of the US, Alexander Hamilton, convinced then-new president George Washington to create a central bank for the country. Secretary of State Thomas Jefferson opposed the idea, as he felt that it would lead to speculation, financial manipulation, and corruption. He was […]

These Are The 30 Biggest Risks Facing Markets In 2018

Once upon a time, Wall Street analysts had just two things to worry about: interest rate risk and corporate profits – virtually everything else was derived from these.  Unfortuantely, we now live in the new normal, where central banks step in every time there is even a whiff of an imminent market correction (as BofA […]

David Stockman Lashes Out At Mainstream Media’s “Peak Fantasy Time”

Authored by David Stockman via Contra Corner blog, If you want to know why both Wall Street and Washington are so delusional about America's baleful economic predicament, just consider this morsel from yesterday's Wall Street Journal on the purportedly awesome November jobs report. Wages rose just 2.5% from a year earlier in November – near the same lackluster […]

We Give Up! Government Spending And Deficits Soar Pretty Much Everywhere

  We Give Up! Government Spending And Deficits Soar Pretty Much Everywhere Posted with permission and written by John Rubino, Dollar Collapse     A recurring pattern of the past few decades involves governments promising to limit their borrowing, only to discover that hardly anyone cares. So target dates slip, bonds are issued, and the […]

Watch Live: Janet Yellen Makes Final Appearance Before Congress

With only three weeks left until her final meeting as chairwoman of the FOMC, Fed Chairwoman Janet Yellen today will make what's expected to be her final appearance before Congress when she delivers testimony to the Joint Economic Committee. The Fed was already widely expected to raise interest rates next month, but in case there […]

JPMorgan’s Outlook For 2018: “Eat, Drink And Be Merry, For In 2019…”

While the prevailing outlook by the big banks for 2018 and onward has been predominantly optimsitic and in a few euphoric cases, “rationally exuberant“, with most banks forecasting year-end S&P price targets around 2800 or higher, and a P/E of roughly 20x as follows… Bank of Montreal, Brian Belski, 2,950, EPS $145.00, P/E 20.3x UBS, […]

Mauldin: 8 Charts That Show How Insane The Economy Is Today

Authored by John Mauldin via MauldinEconomics.com, Since the 2008 financial crisis, there’s been a growing number of ridiculous, inane, and otherwise nonsensical economic interventions from our central bankers that fill the daily economic headlines. I have gone from the occasional smile to scratching my head now and then to "WTF" moments. All that said, the […]

Why Deutsche Thinks 2017 “Was The Most Boring Year Ever”

As part of the macro forecast in his just released 2018 Credit Outlook (more on that in a subsequent post), DB’s Jim Reid first looks back at the almost concluded 2017 and muses that “whichever way you cut it, it’s likely that 2017 will go down as one of, if not the least, volatile year […]