Thursday, February 29, 2024
Thursday, February 22, 2024
from 6 rate cuts late last year, to rising rates since Jan ...!
20year auction was a disaster YD & so was the minutes, but the AI craze is keeping the market strong
while mortgage rates around 7% range
Nikkei makes a new high; crossing its last high made in mid-1989, Japan owned Rockefeller center & Pebble Beach in US; the property bubble got burst by end of 1989 & took 3 decades of disinflation to come out
Thursday, February 15, 2024
Tuesday, February 13, 2024
Friday, February 9, 2024
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NFP 162K .. higher than expected ...
But not enough for a rate hike ..!
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because inflation is a monetary phenomenon .. it rises in proportion to the money supply (mostly reckless spending by congress) or a reducti...
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as Fed have been raising Federal rates (short-term) this year, market has been dropping long-term rates since Jun 15th anticipating downturn...
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And GooG issues new stock to generate $80B to invest in AI buildup .. now that's smart .. but who's?