In Brief: The World’s Largest Importers
Despite China’s deserved reputation as a major exporter, it has also become a major importer
Gundlach: Fed May Start ‘QE Lite’
“Enough short term (solutions) lead to the long term, the future, being now”
Visualizing the World’s Stock Markets
Before celebrating the US’s large market cap, consider this: US market cap now represents roughly 144% of US GDP
Peter Fisher: Negative Rates Are Beggar-Thy-Neighbor Policies
“Negative interest rates… are an income tax”
Why the US Is Not Japan and Shouldn’t Adopt Its Monetary Policy
Since Japan’s working age population peaked in 1997, total bank lending has declined 12.7%. US bank lending has grown 250% since then and is currently growing by over 6% per year
You Can’t Have the Biggest Government and Corporate Debt Issuance and the Lowest Interest Rates in History Without More QE
There is a looming US dollar liquidity shortage
Mark Mobius: Central Banks Shouldn’t Be Cutting
“I think the whole theory of lowering interest rates is insane.”
Image of the Day: The Approaching Storm
Via the great cartoonist Michael P. Rameriz
Another Great Rotation Looms
Either we are slipping into a recession here and now, or there is going to be another ‘great rotation’ out of bonds
Negative Rates Are a Massive, Negative-Carry Short on the Global Economy
It is only a slight exaggeration to say that the greatest risk facing institutional investors today would be the lack of a recession.