Currencies

Eurodollar University’s Making Sense; Episode 71: Repo Attention In Academia

By |2021-05-11T19:16:10-04:00May 11th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

71.0: Collateral Supply Effect on Central Bank Policy———Ep 71.0 Summary———Professor Sissoko focuses attention on the fact that the post-2008 financial system has changed dramatically but that technocrats have not tackled what the changes mean. Sissoko discusses the path to the 2008 and 2020 shocks and proposes we turn the clock back to a wiser time. ———See It———– Twitter: https://twitter.com/@csissokoSocial Science Research [...]

Read More

The Wrong Time(s) For Inflation

By |2021-05-11T19:06:00-04:00May 11th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Forget gazelles, the ongoing post-2008 threat to small and medium-sized businesses had amounted to an unnatural vise squeezing owners and operators in between their persistent inability to access credit and the lack of revenue growth (or even predictability). The biggest businesses thrived, borrowed freely, and then paid shareholders in the form of gross buybacks (a liquidity preference of their own). [...]

Read More

Here We Go Again: Following Big Payroll Miss It’s The Level of Hiring, Not Job Openings

By |2021-05-11T16:52:47-04:00May 11th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Because it was outdated by publication of the most recent payroll data for April 2021, the follow-up updated JOLTS estimates for March don’t end up having quite the same impact. In one sense, that’s unfortunate because they are once again providing another useful demonstration of the limitations over decoding the employment situation.Job Openings (JO), for one. Before getting to them, [...]

Read More

Where There’s Mania

By |2021-05-10T18:15:33-04:00May 10th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

One of the most deceptive stumbling blocks to figuring this whole thing out has been the rigidly binary approach to whatever any central bank does. The public is given one of only two choices: either monetary policies have been Goldilocks, just right; or, the message from critics, it is always ever in danger of being too good. That’s it; those [...]

Read More

Weekly Market Pulse: Live From New York….

By |2021-05-10T07:42:23-04:00May 9th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Real Estate, Stocks|

We have reached the point of absurdity in the crypto markets. There were people buying Dogecoin last week in anticipation of Elon Musk's appearance on Saturday Night Live, with the expectation, presumably, that he would say something bullish and they'd be able to ring the cash register. Easy, peasy, cha-ching. Except, well, at last check it didn't work out that [...]

Read More

Which Is The Global Outlier?

By |2021-05-07T19:28:06-04:00May 7th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Awash in “stimulus”, but none able to dent a semiconductor shortage which is purportedly the reason for production woes. In the US and many other places around the world, governments have gone nuclear, with America’s federal authorities dropping checks with abandon. This has created, according to some, everyone in the media, a red hot economy right on the verge of [...]

Read More

Not Really A Massive Payroll Miss, Just Reopening

By |2021-05-07T16:25:05-04:00May 7th, 2021|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Huge miss. Whopping dud. Maybe it wasn’t nearly that bad?The consensus forecast had called for payroll growth in April 2021 of something like +980,000, in line with the previous blowout estimate for March. In the updated batch, first that prior one was revised downward to just +770,000 and then the latest guess put the current month at a seemingly awful [...]

Read More

Reopening 2 Is Real And Spectacular, So Why So Much Angst?

By |2021-05-06T19:39:07-04:00May 6th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Reopening 2 is definitely happening. The labor market, in particular, is sending off the same kind of signals if not to the same huge extent as it had during Reopening 1 in May and June of last year. The March 2021 payroll report was better than 900,000, and the one for April (last month) to be released tomorrow is expected [...]

Read More

Eurodollar University’s Making MORE Sense; Episode 69: What Did The Economist Say About Jobless Claims?

By |2021-05-06T10:43:30-04:00May 6th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

69.0: LIVE! Reaction - Answering The Economist———Ep 69 Intro———The Economist magazine states that "the covid-19 crisis is highlighting the limits of unemployment-insurance figures" and therefore "jobless-claims data give little insight into America’s economy". Jeff Snider reacts Live! to the article and offers his own thoughts. ———See It———– Twitter: https://twitter.com/JeffSnider_AIPTwitter: https://twitter.com/EmilKalinowskiAlhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisLArt: https://davidparkins.com/ ———Hear It——— Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr ———Ep 69.0 Topics——— 01:29 The Economist finds [...]

Read More

Everything? *Everything* Screams?

By |2021-05-05T19:26:23-04:00May 5th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Maybe it’s just me, but if you’re going to scream about everyone screaming about inflation it’s probably not a good idea to use Janet Yellen’s face as this idea’s avatar. Even if most in the public likely don’t know why, this can’t help your credibility with the rest who absolutely do. And by “the rest”, who do I mean? A [...]

Read More
© Copyright 2011 -    |   Alhambra Investment Partners   |   All Rights Reserved
XYouTubeLinkedInFacebook
Go to Top