On Tuesday, I had the pleasure of sitting down with the Financial Repression Authority’s Richard Bonugli and David Rosenberg to discuss the FEDERAL RESERVE and the global macro financial system. We don’t agree on all things but in an effort to enlighten our audience, we dig deep and shine light where others fear to tread. Enjoy the hour and as always pour a stiff drink. You will need it.
Archive for April, 2023
Notes From Underground: Sitting Down With Two Canadians
April 25, 2023Notes From Underground: Why Ueda Needs To Raise Rates Or Expand Yield Curve Control
April 24, 2023I have a hypothesis of major significance:
As the markets have seesawed for the past six weeks one asset has been consistent: the EUR/YEN cross. The SVB fallout coupled with concern about savings fleeing from other regional and community banks has subsided, allowing for the global equity markets to slough off concerns over undue leveraged risks causing further pain for investors. The Credit Suisse writedown on AT1 bonds — contingent