Category Archives: Economy

How Quantitative Tightening Ends

The pursuit of decadence is always met with the painful reality that stopping the excess is much more difficult than starting. This realization, like a killer in the night, lies in wait until just after the point of no return. When the certain destruction cannot be undone. Continue reading

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Welcome to the Death Zone

Last week, the 77 year old Gross took pause from his “wait for the prostate cancer” and emerged from what he calls “the death zone” to offer words of warning on Fed Chair Jay Powell’s newly commenced interest rate hiking cycle. Continue reading

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How to Reconcile Numbers that Don’t Pencil Out

The means and methods for reconciling numbers that don’t pencil out are extremely disagreeable. Some of the rising input costs can be passed on to consumers. Some can also be absorbed through lower profit margins. But there are natural limits to what price increases can be absorbed and passed along. When the numbers don’t pencil out, they don’t pencil out. Continue reading

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Blowups and an Epic Mega-Catastrophe are Coming

The Federal Reserve has an extreme and heavy handed influence over credit markets. But it’s not master of it. The fact is, Fed credit market intervention plays second fiddle to the overall rise and fall of the interest rate cycle. Continue reading

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