Archive for September, 2016

The Tragedy of Linear Thinking at the Fed

Monday, September 12th, 2016

Recently some commentators (Blu Putnam at CME and Mike Shedlock at Mish) have started using a couple of words I have been thinking for a long time with respect to our economic overlords at the Fed. Those two words are linear thinking. I am surprised that for such supposedly smart people – I mean they […]

Why Rates Rose and Stocks Fell Last Week

Monday, September 12th, 2016

Long term interest rates curiously moved sharply higher last week as Fed officials were perceived to have turned more hawkish about raising rates, insisting that September was a live meeting for the Fed.  30 Year Bond Futures (USZ16) on Thursday and Friday went from just over 171 to just under 167 to close out the […]