Currencies

Eurodollar University’s Making Sense; Episode 98, Part 2: Wisdom of Crowds

By |2021-09-09T19:57:50-04:00September 9th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

98.2 NBC News Poll Shows Economic Wisdom of the Crowds ———Ep 98.2 Summary———A long-standing NBC News Survey shows John & Jane Q. Public perceive the economy's condition BETTER than economists who anchor to the unemployment rate. Since 2005, US citizens have sensed each global dollar squeeze. They may be noticing another one, right now. ———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 [...]

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What *Was* It That Changed Around May?

By |2021-09-09T19:54:23-04:00September 9th, 2021|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The inflation hysteria striking the US just hasn’t caught on elsewhere. China is a perfect example of resisting the strain. According to new figures from the Chinese government, consumer price inflation had retreated again during August 2021. The year-over-year change for their CPI was just 0.8%. This was the lowest since March, the fourth straight month of decelerating price changes.China’s [...]

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Eurodollar University’s Making Sense; Episode 98, Part 1: LABOR SHORTAGE!!!!

By |2021-09-08T19:51:46-04:00September 8th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

98.1 America's Labor Shortage (doesn't exist?)  ———Ep 98.1 Summary———A lousy labor market report for August is being blamed on a "labor shortage". Also, 'lazy Americans' and 'the delta'. But the real problem is that businesses will not pay a market-clearing wage to hire the workers they need. Why not? Because the economy is lousy. ———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 [...]

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The Eurodollar’s Nose

By |2021-09-08T19:47:16-04:00September 8th, 2021|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

What an intriguingly odd month September 2017 turned out to be. To start with, Reflation #3 only seemed to be gaining strength. The full throat behind Inflation Hysteria #1 was still ahead, as was its related personage the BOND ROUT!!!! And yet, early in that late summer month a sudden eruption; actually several. On September 5, T-bills. A day later [...]

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Turning The LABOR SHORTAGE Up to 11

By |2021-09-08T17:53:40-04:00September 8th, 2021|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In Massachusetts, the Federal Reserve’s First District, restaurateurs have struggled mightily to find workers. As part of the central bank’s Beige Book, one contact of the Boston leadership said the industry was “facing the worst labor shortage he has seen in 35 years of experience.” In response to such a major threat, these firms become truly creative to try to [...]

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Unsentimental About Fast-Fading Sentiment

By |2021-09-07T19:58:20-04:00September 7th, 2021|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

By the summer of 2018, there were already any number of economic warning signs over globally synchronized growth fading fast. Many if not most of them market-based, of course, but not all. In the realm of sentiment, for example, the Germans in particular had put their finger on the pulse of the global economy and found it suspiciously feeble, economic [...]

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What’s Real Behind Commodities

By |2021-09-07T18:08:01-04:00September 7th, 2021|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Inflation is sustained monetary debasement – money printing, if you prefer – that wrecks consumer prices. It is the other of the evil monetary diseases, the one which is far more visible therefore visceral to the consumers pounded by spiraling costs of bare living. Yet, it is the lesser evil by comparison to deflation which insidiously destroys the labor market [...]

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Weekly Market Pulse: Windshield Investing

By |2021-09-07T07:01:12-04:00September 6th, 2021|Alhambra Portfolios, Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks|

The economic slowdown we've been writing about for months officially arrived last Friday in the form of a particularly weak employment report. The number of new jobs created last month - or at least the WAG the BLS makes at such things on a monthly basis - was a mere 235,000 or roughly a cool half-million less than expected by [...]

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Just In Time For Labor Day: It’s Not Payrolls Missing The Mark By Such A Wide Margin

By |2021-09-03T18:02:37-04:00September 3rd, 2021|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It was a highly curious change in the shape of the labor force. Beginning October 2015 and lasting until March 2016, for six months Americans came flooding back into the labor market. Or, so they said. When the BLS’s various surveyors working on the Current Population Survey (known as the Household Survey) came calling for answers each month, all of [...]

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China, Australia, and The European Way Into Reverse Repo

By |2021-09-01T20:19:50-04:00September 1st, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

We are going to start here with Europe before heading to Australia and then getting to China – and then currency. Why the ECB? It is going through the same pangs of dissatisfaction as its cousin the Federal Reserve had last summer. Like the Fed in 2020, Europe’s central bank in 2021 has climbed to the end of its grand [...]

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