Fed Pragmatism: Abandoning Inflation Targets but Actually Shrinking Base Money
Last week's official abandonment by the Fed of a rigid inflation target was preceded by a surprisingly large US$450 billion reduction in the...
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Trump Is Not the Cause but an Effect of De-Globalisation; No Magical Rebound in Trade
Between 1946 and 2011, global trade volumes typically grew at least 1.5-times the pace of global GDP growth, except during years of global...
321 Views
Wall Street Is Not A Bubble
World asset prices are supported by Global Liquidity. Historic correlation more than 0.7 Wall Street is not into bubble territory US Equity...
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Reasons Why the US Economic Recovery Should Defy the Doomsayers
The US economy did not enter recession carrying significant economic imbalances in contrast to the previous two recessions. Headwinds emanating...
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U.S. Equity Strategy: All-Time Highs Are Not a Sell Signal
We have said it before and we will say it again; new highs are not a sell signal. This time we are referring to the S&P 500 which is breaking...
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