Recent Articles

Egg is Starting to Stick to the Teflon-Don(ald)

July 25, 2017

July 22, 2017 Weekly Summary Egg is Starting to Stick to the Teflon-Don(ald)   The Donald, because he doesn’t read much (any) hi...

FED Will Still Hike in December

July 18, 2017

    June’s data came in weaker-than-some expected and the markets reacted; stocks reached new highs, oil and gol...

Mostly Good Data

July 11, 2017

The holiday-shortened week finished essentially unchanged despite having to digest both the FOMC minutes and the employment report.    ...

Data Supports the FED

July 4, 2017

  The central banks continue to be in the driver’s seat and, like all good drivers, they are cognisant of what has occurred in the rear-...

Still Correct

June 26, 2017

Weekly Summary Still Correct     Last week, we argued that the FED had acted correctly by raising rates even though inflation is b...

Is the FED Mistaken?

June 20, 2017

  We do not think so.  They raised the interest rate 0.25% and released a specific plan to reduce its holdings of Treasury and agency sec...