Only three short months ago, the Federal Reserve projected its quantitative tightening (QT) rodeo to continue unabated, with reductions in its $4 trillion dollar QE’ased balance sheet, the deployment of maturing bonds back into Treasuries, and at least a few more...
Dear Reader, Hard-asset investors are seeing quite the ride in March of 2019. After gold had its flash crash below $1,290 earlier this month, we are already seeing it back with conviction at over $1,310 and climbing: We’re even seeing strength in the crypto market...
The dominant theme in financial markets this week that will have implications for cross-border currency valuations are monetary policy decisions by the Federal Reserve, Brazil, Russia, Switzerland, and the U.K. The China trade war negotiations will inject significant...
In yet another sign that the American middle class is being phased out, the latest biennial FDIC National Survey of Unbanked and Underbanked Households revealed a startling trend: more and more Americans are excluded from the traditional banking system, exposing them...
Now that Jerome Powell’s brief foray into interest rate normalization has been abandoned like last week’s trash, the hope of rational central bank policy and a return to the days of Paul Volcker and fiscal discipline are, sadly, dead and gone. Sure, we can dream, but...