“Time in its aging course teaches all things.”- Aeschylus, Prometheus Unbound There is a narrative that, while not held universally, is being offered with increasing frequency by the mavens of economic and financial market wisdom. The Federal Reserve, widely castigated only several months ago for having allowed the inflation genie to escape, is viewed by some as about to embark upon a serious policy error. In their view, the...
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"I see you standing in the alleys and the hallways. Wait a second, you’re gone now. I run to touch you but you vanish through the doorway." -lyrics from 'Mirage', Tommy James & the Shondells “The economy is very strong and inflationary pressures are high, and it is therefore appropriate in my view, to consider wrapping up the taper of our asset purchases…” so quoth US Federal Reserve Chairman...
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Mark H. Tekamp November 15, 2021
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Yes, there are two paths you can go by, but in the long run…as we wind on down the road …And if you listen very hard the tune will come to you at last Lyrics, “Stairway to Heaven”; Led Zeppelin An observer of the financial markets, echoing what might be described as consensus thinking, opined “with economic growth weakening and inflation increasing, the risk of a reversal is increasing.”...
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“The gray-eyed morn smiles on the frowning night, Checkering the eastern clouds with streaks of light.” - William Shakespeare “Rate Surge Sends Stocks Tumbling. Worst Day Since March” read one headline on September 29th. The Wall Street Journal , seeking to contribute towards investors understanding of the stock market’s sour mood, offered by way of explanation “…concerns that higher inflation…will stick around longer than expected…as well as data that...
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“I look like I’m stable, like nothing can move me, I look like I’m steady, like nothing will shake me. I’m unable to balance, my emotions and all, As I sit alone on this teeter totter” - Vishal Duti “Teeter Totter” Our fellow citizens celebrated August’s 2.98% rise in the S&P 500, the seventh consecutive month of positive returns, by expressing their wish to go short the US economy....
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“Well, first you got to want to get off, bad enough to want to get on in the first place And you better trust in your lady luck, Pray to God that she don’t give up on you right now” - lyrics, Johnny Cash “Bull Rider” One of the more interesting phenomenon currently existent in the financial markets is the disconnect that exists between the reality of most investor’s...
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“There’s no place like home, there’s no place like home, there’s no place like home.” – Dorothy, The Wizard of Oz “Manic Housing Market Needs a Calming Dose of Deregulation”. So headlined Bloomberg on June 1st. “An inflation storm is coming for the U.S. housing market.” Thus warned Marketwatch on June 26th. By now, most of us are aware that residential home prices are, and have been, heading higher,...
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