Markets
The Federal Reserve’s Bond Market Distortion
In its most recent statistical release, the Federal Reserve gives us a detailed inventory of their massive balance sheet which has grown to levels that ……Read More
Business
Markets
Margin Debt Is It Fuelling the Stock Market?
I have posted on this subject before but given the current somewhat volatile behaviour from the stock market, I think that an update is in ……Read More
Markets
The Bigger Oil Story Behind the Headlines: Interview with Michael Levi
While we fixate on sexy headlines about Chinese military threats in the South China Sea, for instance, or Washington ‘lifting the ban’ on crude oil ……Read More
Economy
5 Industries Worried About Peak Oil
The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is drawing ……Read More
Economy
The Impact of Macroeconomic Changes on Consumer Durable Goods Orders
While certain aspects of the economy appear to be "normal", some are clearly lagging the pack. In one case, the long-term sector growth has been ……Read More
Markets
Bonds The Vanishing Risk Premium
Watching yields on sovereign debt these days is like a fantasy world, reality no longer exists. While the debt is real, the yields are totally ……Read More