Market & Economic Analysis

"Study the past if you would devine the future." - Confucius

Eurodollar University Episode 164, Part 3: What’s Wrong W/Money Velocity Is What’s Wrong About Money Supply

164.3 Economists Can't Define Money nor Observe Velocity———Ep 164.3 Summary———M1 and M2 once informed central bank decisions. But the monetary aggregates were so narrowly defined that they were, in effect, mere keyholes that offered policymakers an unsatisfactory, and often-enough misleading, peek into the great monetary hall. ———Ep 164.3 Topics——— 00:00 INTRO: How to define money? What is money velocity? The [...]

By |2021-12-01T19:05:29-05:00November 30th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|
Read More

Questioning The Already Questionable State of Global Demand

If markets seem a bit on edge, I guess omicron seems a good reason if for no other reason than we don’t know much about it. But even that reaction points toward something else. A truly robust economy has little to fear from such unknowns, even from what might be predictable overreaction across the entire public sphere.The knee-jerk negative sentiment [...]

By |2021-11-30T19:39:11-05:00November 30th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|
Read More

If Not ‘Flow’, Then Has ‘Stock’ ‘Rigged’ The Flattening Curve In QE’s Favor?

Flatter. The yield curve continues to shrink in the important middle calendar spaces where growth and inflation expectations run the place. Treasuries have been doing this since around March, a peculiar (given monolithic mainstream reporting otherwise) eight-month reign of growing pessimism rather than inflationary confidence. Did the market foresee omicron more than half a year ago? No. That’s not really [...]

By |2021-11-30T17:43:59-05:00November 30th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|
Read More

Did Last Week Deliver Some Sour Certainty?

This sour/soar stuff goes back many years. The last time we went through the same hysteria (if for different reasons), everyone said the global economy was going to accelerate, take off, and sail onward forever after. The world was, they all claimed, set to soar.Globally synchronized growth. The bond market didn’t just disagree, it did so vehemently, a pessimism when [...]

By |2021-11-29T19:47:01-05:00November 29th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|
Read More

Eurodollar University Episode 164, Part 2: The Chinese Have Sent A Specific Message From The CCP’s Sixth Plenum

164.2 Beijing's Sixth Plenum Confirms World Economy Stinks ———Ep 164.2 Summary———Beijing reconfirmed what was made clear in 2017, during the 19th National Party Congress: the economic boom was over and it is time to prepare for it. If anyone in the West would care to listen, the Central Committee is referring not only to China but the entire global economy. ———Ep [...]

By |2021-11-29T19:36:51-05:00November 29th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|
Read More

Camp Sour or Soar: Inflation (global) and Spending

It’s always a balance of probabilities tug-of-war. Markets (not stocks) are continuously trying to discern risk since everything is really converted to some kind of risk-adjusted basis. And if the perceived weight of those tilts downward thinking forward, then it may not matter much or at all what’s going on right now.What’s going on right now is, according to everyone, [...]

By |2021-11-29T17:30:15-05:00November 29th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|
Read More

Eurodollar University Episode 164, Part 1: From The Only Perspective That Matters (global $s), Inflation Never Had A Chance

164.1 TIC-ked Off About Not Enough Money to Recover Global Economy———Ep 164.1 Summary———America's September 2021 Treasury International Capital data corroborates dis/deflationary indications observed across various sources, the vast majority of which imply there's not enough money, and/or it's inadequately distributed, for the global economy to achieve permanent recovery. ———Ep 164.1 Topics——— 00:00 TIC: Consistent, Coherent, Corroborated, Inflation Never Had A [...]

By |2021-11-29T17:20:52-05:00November 29th, 2021|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|
Read More

2021 Year-End Investment Checklist

The end of the year is a financial opportunity—an opportunity to take advantage of remaining tax breaks and keep Uncle Sam’s hand from going deeper into your pocket than it has to, and an opportunity to clean up your portfolio and make sure your financial house is in order. Here is a year-end financial checklist.   Tax Loss Harvesting What [...]

By |2021-11-29T11:32:17-05:00November 29th, 2021|Markets|
Read More

Weekly Market Pulse: This Again??!!

Here we go again. Or maybe, more accurately, here we go still. COVID has reared its ugly head again, this time in the form of a new variant called Omicron. The name surprised some folks because the next letter in the Greek alphabet was Nu, but the WHO thought that sounded too much like "new" so they skipped that one, [...]

By |2021-11-29T07:38:53-05:00November 28th, 2021|Markets|
Read More
© Copyright 2011 -    |   Alhambra Investment Partners   |   All Rights Reserved
XYouTubeLinkedInFacebook
Go to Top