Map: Every Day of the War of 1812
All sides ended up claiming victory, except the Native Americans
A Paradigm Shift: We Have Finally Reached the Limit of Endless Stimulus
This week foreshadowed the return of sanity to a world gone willfully mad
Breakevens Pointing to 2%+ Inflation Within a Few Months
The Fed might not care about inflation overshoots anymore, but the long end of the treasury curve, and by extension the rest of the market, certainly do
US Capacity Utilization Back to 2016 Levels
Persistently low capacity utilization is one of the key challenges holding back capital investment and productivity growth in the US
Chart: Corporate Debt – Where Is the Bear Market?
Just another day in Bizarro World
Even Dovish Economists Are Starting to Worry About too Much Stimulus
The ‘Free Lunch’ era is coming to an end
Castle of Loarre in 3D
Major construction of the castle was imitated by Sancho the Great in 1020 AD
The Great Central Banking Bubble
Market participants are expecting more QE to be the Fed’s solution to every conceivable outcome
Map: The World’s Youngest and Most Elderly Countries
Africa is the world ‘Fountain of Youth’
Just a Reminder from the Yield Curve
No amount of premonition is going to dampen the raging party in financial markets