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Monthly Archives: July 2019

What the hell is going on?

And a few hours later we get a NY Fed spokesman indicating Williams did not mean to suggest a large rate cut was coming later this month.  What the hell is going on? Market economy. Sure it is.  

More Sugar Bombs

On Tuesday evening I was tempted to do a blog post with the same message I’ve delivered many times over the past  decade or so: we are/were within 1 week and 1% of the initiation of another protracted series of stock market drops.  True to form, within 48 hours a central banker blinked and dropped another sugar bomb. (don’t take my word for it […] Read the rest of this entry »