Bank Of Japan Doubles Bond Yield Cap
The Bank Of Japan surprised the markets on December 20th by doubling its cap on the yield on 10-year Japanese Government Bonds (JGBs) from 25-basis points to 50-basis points. For
Video Ready plus BOJ Primer
Earlier this week, I uploaded a presentation entitled “More Wealth Destruction Ahead: Part Two”. The video accompanying that presentation is now ready to watch. It explains why Monetary Policy is likely
More Wealth Destruction Ahead: Part Two
The previous Macro Watch video showed that the Fed is tightening Monetary Policy much more aggressively in the current tightening cycle than during the previous one. But that, despite this, asset
More Wealth Destruction Ahead, Part One
The Fed is tightening Monetary Policy much faster and more aggressively now than during the previous tightening cycle that ran from January 2014 to August 2019. While asset prices have
The Fed May Lose $50 Billion in 2023
Last year, if the Fed had been a corporation, it would have been the most profitable corporation in the world. It earned $108 billion. Apple earned $100 billion. Apple paid $19
TIP Interview: “One Of My Favorites Thi…
“This is one of my favorite interviews of the year so far. Richard @PaperMoneyEcon brings the 🔥 fire,” tweeted Trey Lockerbie, regarding our recent conversation for The Investor’s Podcast. Given all the
China Downgraded
“China’s economy will not overtake the US until 2060, if ever” That was the title of an article written by Ruchir Sharma, the chair of Rockefeller International, and published in
New Interview. Highly Recommended. Top Trader…
Today I would like to share with you a very interesting discussion I had recently with Kevin Coldiron and Niels Kaastrup-Larsen for the Top Traders Unplugged podcast. I strongly recommend
Creditism In Crisis?
Another set of very bad Inflation numbers was released on Thursday. The headline CPI index was up 8.2% from one year ago, little changed from the month before. Worse still, the Core
Watch Out: Something Is Going To Break!
Last week, the Fed shocked investors when it released new projections showing that it now expects to increase interest rates significantly more than it had planned to do just three
