Menu

All Macro-Thematic Trend Reports:

BOJ, Fed, White House make half-hearted attempt to weaken USD and oil post-G20 meeting; will it work? (FFTT, 9/12/23)

September 12, 2023 No Comments

Fed officials are turning more cautious about raising rates too high now that inflation is finally showing signs of the rapid declines that they’d long anticipated.  A rate pause in September will give the Fed more time to see if recent progress continues.     – WSJ Fed reporter Nick Timiraos, 9/10/23 Bank of Japan Could End Negative Interest Rate Policy; Ueda Tells Yomiuri Shimbun He’s Watching Wages, Prices     – Reuters, 9/8/23 Top Biden spokesman John Kirby

Read More »

“US deficit explodes even as economy grows”, as Fed discusses “market functioning” UST purchases (FFTT, 9/6/23)

September 6, 2023 No Comments

U.S. deficit explodes even as economy grows – a strong economy usually reduces the deficit. Not this time.­-Washington Post White House economics reporter Jeff Stein, 9/3/23 Wow, deficits are slated to double this year, from $1 trillion up to $2 trillion, when you exclude student debt cancellation.  This is unprecedented given the economy.– Marc Goldwein, Head of policy at CRFB, via X (Twitter), 9/3/23 To see [deficit to GDP this high, or this substantial an

Read More »

Fed hikes now driving historically unprecedented combo of stronger growth AND higher fiscal deficits (FFTT, 8/29/23)

August 29, 2023 No Comments

That’s not flying!  That’s just falling with style.     -“Woody”, from the 1996 movie “Toy Story” As is often the case, we are navigating by the stars under cloudy skies.     – Fed Chair Jerome Powell, 8/25/23 That’s not navigating!  That’s just being lost with style.     – FFTT’s response to Powell’s comments above, 8/25/23 Few investors seem to be viewing the world through this lens, so as a result, few investors understand what appears to be happening:

Read More »