The monster from the ID – inflation

The 1956 movie Forbidden Planet was at its core a tale of hubris; that technology can overcome nature, whether for Krell or human. The analogy for  markets might be the conceit that the business cycle can be expunged without consequence and that one can borrow oneself out of debt.  Like the ‘monster from the Id’ […]

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Rising Bond Yields & a Flattening Curve

A flattening yield curve is often seen as an ominous portend of economic doom, while a forced increase in interest rates can often ensure its delivery.  This convergence however, is the conclusion of a tale that has been in the making for a couple of decades, but one where the inflationary consequences now threaten to […]

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Fog of war, or just fog?

Talk about fast markets. Blink and you might have missed WW3, as markets broadly return to where they were just 5 days ago. Good news however, may not be so positive for asset prices as waning emergencies mean fewer excuses by hard-up governments to keep printing their way out of deficits. And that means its […]

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US Jobs data signal a shift in the monetary narrative

Oops, those betting on a weak US jobs report for January have been seriously wrong-footed. Instead of the expected negative figure, the BLS not only reported over +400k of net jobs in January, but a +649k upward revision to the jobs growth reported for the previous two months. Roll-in an average hourly wage inflation approaching […]

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Shock-horror, UK official data confirms no ‘shock-horror’

Shock horror, according to official data on covid deaths without co-morbidities in England & Wales from the ONS (Office of National Statistics), there is no ‘shock-horror’, as cumulative covid deaths without co-morbidities up to the end of Q3 2021 total a mere 17,371 people, with an average age of around 81.5 years. Exclude all those […]

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Will the Euro replace the US dollar? – Unlikely!

It may not feel like it, but it’s over. What that means is that having failed to burn down the warehouse for the insurance, the business owners are now left in an even more precarious position of insurmountable liabilities, assuming of course there is no ‘unexpected’ collapse in life expectancy to bail them out from […]

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December US Jobs data again fiddled – all eyes on Fed asset purchases

This is getting repetitive! Once again, the BLS has reported a monthly US jobs estimate figure that has been artificially depressed by changing the seasonal adjustments. It is almost as if someone out there either doesn’t want the US to seem to return to normality, or is concerned that signs of a tightening job market […]

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Panic attack for Klaus’s Young Global Leaders

Klaus and his ‘Young Global Leaders’ seem to be getting rather over-excited recently, with their increasingly frenzied attacks and scapegoating of those heretics and blasphemers of their cherished plans for the New World Order.  But then this is perhaps understandable, as everything is beginning to unravel. The new scariant Omicron is not only proving to […]

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