Fixed Income War Story #2
Perhaps one of the most remarkable episodes in bond market history was recounted in the report shown above, written by Joe Mysak,...

Can The Fed Actually Stop Inflation?
Looking over the basket of products and commodities the government uses to produce the Consumer Price Indexes, it appears that the...

Labor Market Churn
One of the hidden aspects of reporting monthly jobs numbers is that they're always reported as a net number: either the economy "adds" or...

Initial Claims Drop To Unnoticeable
Forgotten by a fickle press, the number of initial unemployment claims has dropped to whisper levels, which is probably why no one is...

A Fixed Income War Story
This new issue came my way yesterday, and it's something of a watershed event. I haven't seen a 4.00% yield on a four year maturity for...

Quick Check-In on EPOP
Back in June of 2021, I wrote a piece about how the COVID crisis disrupted labor markets, and why we should rely more on the Employment...

Highest Inflation Since 1982! (Well, sort of)
While we are forced to deal with all kinds of supply and price disruptions due to oh, global pestilence and war, it's good to remember...

Gas Prices: Slippery When Wet
Gasoline prices have been edging up, and since a good deal of mass media lacks any perspective as far as what is critical to cover as...

Inflating Inflation
There’s been a lot of talk about inflation in the past few months, a lot of it needless scaremongering, but this is what the media feeds...

The Commentariat Discovers Seasonal Adjustment
On the heels of the BLS Jobs Report for December 3, it seems at long last, after 18 months of data distortion caused by the COVID crisis,...