Wolf Richter: Fed Letting Long Rates Rise in Bid to Tamp Down on Market Exuberance
“A lot of leveraged positions will come undone…”
Where State Debt Is the Worst and Why Those States Are Getting Outsized Covid Bailouts
The outlandish size of the state and local bailout funds has little to do with Covid
Jim Grant: 40 Year Bond Bull Market Is Ending
“The most important price in capitalism is corrupted”
Just a Reminder: The Fed Needs to Double It’s QE Program
Otherwise, the US needs to find a new China to buy its excess treasury issuance
The Fastest Growing Cities in the World
Houston, Texas is the only example found outside Africa, the Middle East, or Asia
If the Fed Does Yield Curve Control, It Will Have to Be a Surprise
Toying with doing yield curve control would force the Fed into yield curve control.
Global Food Inflation Still Spiking, Up Roughly 22% Since 2019
The last time global food prices rose like this, the early 2010s, it set off a series of conflicts throughout the Middle East and elsewhere
Peter Boockvar: Fed Is Losing Control of the Bond Market
The Fed can say that they don’t care about inflation overshoots until the cows come home. The market clearly cares and that’s all that matters.
Manhattan Rents Have Fallen by Nearly a Quarter
New York City may have lost 5% to 10% of its population in just six months in 2020
Jim Grant Explains What the Fed Is Supposed to Do
“The Fed has appointed itself the First Vice President of Everything”