US Monetary Policy Stays Ultra-Loose Amid 30-Year-High Inflation; 'Taper' a Misnomer
QE persists despite headline CPI inflation at Volcker-era levels & core inflation at 30yr highs. The binge will lift asset prices into end-2021,...
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NFP and ISM Confirm that the US Has Joined the Global Slowdown; Recession Risks Recede
US non-farm payrolls saw a net increase of just 75,000 in May 2019, far below the consensus of 180,000. Downward revisions to March and April...
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The Global Recovery Narrative Crumbles
The US equity market was running with an optimistic assessment that there is a Trump and Fed put, that a trade deal and Chinese policy stimulus...
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