El-Erian: Biggest Risk to ‘Dream’ Market Is Change in Central Bank Support
“It’s about faith in central banks’ ability and willingness to keep supporting this”
The Federal Government Workforce Is Growing at the Fastest Pace in a Decade
The US economy is in the midst of one of the most accommodative mixes of fiscal and monetary policy in modern history
Charts: US Shale Oil and Gas Production in the Permian Basin
While Permian production may continue to rise on the back of DUC well completions for quite some time, unless the rig count rises again, current production levels are unsustainable in the longer run.
Neutral Monetary Policy Is Impossible with a Fed Balance Sheet This Big
If the balance sheet is 20% of GDP, it will need to grow by at least $170 billion a year to stay there
David Rosenberg: Statistical Relationship Between Market and Economy Has Never Been Weaker
“What it all comes down to is the most power source of demand for equities has been, in two words: share-buybacks”
A Map of Everything in the Solar System
Every known object in the solar system with a diameter larger than 10 kilometers
Jim Grant: The Fed Has Become the Lender of First Resort
“The fed has become, apart from being arsonist and fireman, …the lender of first resort”
Meeting Today’s Electricity Demand with Nuclear Would Require Nearly 2k New Plants, Cost $25 Trillion, Take Generations
During that time period, demand for electricity will grow dramatically and nearly all existing plants will retire
Gundlach on the Dollar, Bonds, Commodities, Rates, and Equities
A series of great charts on his outlook for the global economy, stocks, bonds, commodities, and interest rates in 2020 and beyond
Charts: US Shale Oil and Gas Production in the Niobrara Basin
As has been the case with nearly all the basins we have looked at so far, per well oil and gas production from newly completed wells has not shown a clear increasing trend since at least 2014