Fed rate hike expectations are above pre-Katrina levels -- so why is gold so high?
Full Circle, and More
Monday, October 3, 2005
Neither Rain Nor Gloom
Friday, September 23, 2005
Bond markets are only beginning to see that the Fed's normalization course will not be deterred.
Cat Out of the Bag?
Monday, September 19, 2005
Gold's inflation warning is too obvious for even the post-Katrina Fed to miss.
Monday, September 12, 2005
Bonds are captured by "money illusion" -- but the Fed is unlikely to play along.
Katrina and the Fed
Friday, September 2, 2005
Expectations that the Gulf Coast disaster will deter the Fed are all wet.
Housing Bubble Bunkum
Tuesday, August 16, 2005
If we've seen the best cast of the bubbleists, there's little to fear.
How Much Longer?
Wednesday, August 10, 2005
Markets are finally anticipating no Fed pauses this year -- but that may not be the end of the hiking cycle.
Straightening Out the Curve
Monday, August 1, 2005
As the economic gloom lifts, bonds face the music.
The Yuan Yawn
Wednesday, July 27, 2005
Bonds and the dollar refute the conventional take on the Chinese currency revaluation.
Thursday, July 14, 2005
Don't be fooled -- signals from the dollar and the CPI only seem benign.