Commodities

Eurodollar University’s Making Sense; Episode 136, Part 2: The Yield Curve Blasts Cold Water All Over The ‘Red Hot’ Economy

By |2021-10-28T12:48:57-04:00October 28th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

136.2 Sorry, US Treasury Yield Curve Delivers Bad News———Ep 136.2 Summary———The US Treasury yield curve IS NOT inverted and, therefore, is not signaling a recession warning. But IT IS warning that the Federal Reserve's reasoning to "taper" its quantitative easing program (i.e. economic recovery/health) is unfounded. We saw this in 2018. And 2014. And 2005. ———Sponsor———Macropiece Theater with Alistair Cooke [...]

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Eurodollar University’s Making Sense; Episode 136, Part 1: Despite Recent Debt Ceiling T-bill Relief This Whole Year Has Been Unambiguous Dollar Woes

By |2021-10-27T12:31:32-04:00October 27th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

136.1 USA Debt Ceiling Reprieve Saves Chinese, and World?———Ep 136.1 Summary———The 'debate' in the US Congress about the debt 'ceiling' prevented the US Treasury Dept. from issuing UST Bills, the ultimate risk-free asset. This put serious stress on the Chinese currency. Now, with the 'debate' tabled till December, Beijing (and the world) are safe... for now.———Sponsor———Macropiece Theater with Alistair Cooke [...]

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Weekly Market Pulse: Inflation Scare!

By |2021-10-25T07:02:26-04:00October 24th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks, Taxes/Fiscal Policy|

The S&P 500 and Dow Jones Industrial stock averages made new all-time highs last week as bonds sold off, the 10-year Treasury note yield briefly breaking above 1.7% before a pretty good-sized rally Friday brought the yield back to 1.65%. And thus we're right back where we were at the end of March when the 10-year yield hit its high [...]

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Far Longer And Deeper Than Just The Past Few Months

By |2021-10-18T19:48:49-04:00October 18th, 2021|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Hurricane Ida swept up the Gulf of Mexico and slammed into the Louisiana coastline on August 29. The storm would continue to wreak havoc even as it weakened the further inland it traversed. By September 1 and 2, the system was still causing damage and disruption into the Northeast of the United States.While absolutely tragic for those who suffered its [...]

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Weekly Market Pulse: Perception vs Reality

By |2021-10-18T07:46:11-04:00October 17th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks, Taxes/Fiscal Policy|

It was the best of times, it was the worst of times... Charles Dickens, A Tale of Two Cities   Some see the cup as half empty. Some see the cup as half full. I see the cup as too large. George Carlin   The quote from Dickens above is one that just about everyone knows even if they don't [...]

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Eurodollar University’s Making Sense; Episode 122, Part 3: The Making Of Fed Mistakes, Volcker’s Enduring Myth

By |2021-10-15T23:02:52-04:00October 15th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

122.3 1970s stagflation? No! But NOT why you think...———Ep 122.3 Summary———"Despite some eerie echoes, the past is not the best guide to the present," writes The Economist. Jeff Snider agrees, but for entirely different reasons. Stagnation? Yes, definitely. But NOT inflation - despite the clear price increases! Wait, what?———Sponsor———Macropiece Theater with Alistair Cooke (i.e. Emil Kalinowski) reading the latest essays, [...]

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Eurodollar University’s Making Sense; Episode 122, Part 2: Certain Commodities Speak, Will Anyone Hear Them?

By |2021-10-14T19:54:34-04:00October 14th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

122.2 Commodity Prices Are Telling Us This... ———Ep 122.2 Summary———We review palladium, copper and iron ore - all metals and minerals that peaked in value in May (lumber too). Some commodities continue to rise in value, specifically energy. How do we reconcile the deflationary/disinflationary former to the inflationary latter? Also, US auto sales. ———Sponsor———Macropiece Theater with Alistair Cooke (i.e. Emil Kalinowski) [...]

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Producer vs. Consumer Price Potential

By |2021-10-14T19:49:54-04:00October 14th, 2021|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

More inflation numbers around the world, more of the same. Producer prices, this time. Beginning in the US, the annual rates remain high and reached a little higher in September 2021. Commodities have been the highest of all, up 20.47% year-over-year for another greatest increase since the mid-seventies. The PPI for final demand goods was up 11.68%, that the most [...]

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Eurodollar University’s Making Sense; Episode 122, Part 1: The Dollar Myth(s)

By |2021-10-13T20:01:57-04:00October 13th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

122.1 US Dollar Outgains All! (...except for one??) ———Ep 122.1 Summary———The US dollar is rising in value against a collection of currencies (except one). It's disconfirming evidence of sustainable economic recovery; it implies strained USD-funding. And there's still that one key, stable currency - unusually stable; suspiciously stable.———Sponsor———Macropiece Theater with Alistair Cooke (i.e. Emil Kalinowski) reading the latest essays, blog posts, [...]

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