Blog: New Fed Chair, Same 2% Pipe Dream
Why is 2% inflation still a magic number?
Topic
Inflation
A collection of 130 issues
Blog: Bessent Tries to End Run the Fed
Manipulating the bond market is doomed to failure.
Blog: The Yen and the Fractal Nature of Currencies
Currencies are different than stocks and bonds, though all are fractal.
Blog: Warsh Whiffs his Second Time At Bat
We live in times that are both interesting and boring.
Blog: AI and Tariffs and War. Oh my!
The bond market is expecting to find something worse than a cowardly lion.
Blog: Oil Price Complacency May Soon be Tested
The mechanism for stabilizing oil is not sustainable.
Blog: The Age of Ambiguity
So much information. So little meaning.
Blog: El Nino and Commodities 2026
El Nino is a positive for consumers but a negative for markets on average. This time around geopolitical factors may dominate the climate.
Blog: Which Type of Inflation Are We Facing?
Rate hikes may not curb today's inflation.
Blog: Will Mega-IPOs Create AI Warp Speed or a Black Hole?
Concentration risk plagues the S&P 500.