Money and Finance
- Hussman Weekly Market Comment: The Other Side Of The Mountain
Link to: The Other Side of the MountainThe financial markets are at a transition that reflects tension between two realities. The first is that the Federal Reserve’s policy of quantitative easing has driven the stock market to valuations associated...
- Hussman Weekly Market Comment: Topping Patterns And The Proper Cause For Optimism
Link to: Topping Patterns and the Proper Cause for OptimismNotes to the FOMC The following are a few observations regarding Dr. Yellen’s testimony to Congress. The objective is to broaden the discourse with alternative views and evidence, not to disparage...
- Bridgewater On The Fed's Dilemma
Via Zero Hedge: In the old days central banks moved interest rates to run monetary policy. By watching the flows, we could see how lowering interest rates stimulated the economy by 1) reducing debt service burdens which improved cash flows and spending,...
- Hussman Weekly Market Comment: The Outlook Will Shift As Conditions Shift
Our investment outlook will shift as market conditions shift, and we will lean toward a more constructive stance when conditions support it. There are straightforward ways to do that while still remaining careful about larger cyclical risks. Present conditions...
- Hussman Weekly Market Comment: Qe2 - Apres Moi, Le Deluge
Last week, a number of Fed officials came out in tandem with essentially the same message - the Fed's policy of quantitative easing is likely to end with QE2. It's important to think carefully about the implications of this for the markets. My...
Money and Finance
Hussman Weekly Market Comment: Leash the Dogma
It’s fascinating to hear central bankers talk about the economy, because in the span of a few seconds they can say so many things that simply aren’t supported by the evidence. For anyone planning to watch the confirmation hearings for the next Fed Chair, the evidence below is provided as something of a leash to restrain the attacking dogma.
There’s a lot of ground to cover this week – the Phillips Curve, quantitative easing, the Fed's bloated balance sheet, the “wealth effect,” the misguided "dual mandate," and the largely unrecognized bubble in stock prices. We have a Federal Reserve relentlessly pursuing a “trickle down” monetary policy that has weak economic effects, thin historical support, and ominous implications for future investment outcomes and the stability of the financial markets. So let’s get started.
- Hussman Weekly Market Comment: The Other Side Of The Mountain
Link to: The Other Side of the MountainThe financial markets are at a transition that reflects tension between two realities. The first is that the Federal Reserve’s policy of quantitative easing has driven the stock market to valuations associated...
- Hussman Weekly Market Comment: Topping Patterns And The Proper Cause For Optimism
Link to: Topping Patterns and the Proper Cause for OptimismNotes to the FOMC The following are a few observations regarding Dr. Yellen’s testimony to Congress. The objective is to broaden the discourse with alternative views and evidence, not to disparage...
- Bridgewater On The Fed's Dilemma
Via Zero Hedge: In the old days central banks moved interest rates to run monetary policy. By watching the flows, we could see how lowering interest rates stimulated the economy by 1) reducing debt service burdens which improved cash flows and spending,...
- Hussman Weekly Market Comment: The Outlook Will Shift As Conditions Shift
Our investment outlook will shift as market conditions shift, and we will lean toward a more constructive stance when conditions support it. There are straightforward ways to do that while still remaining careful about larger cyclical risks. Present conditions...
- Hussman Weekly Market Comment: Qe2 - Apres Moi, Le Deluge
Last week, a number of Fed officials came out in tandem with essentially the same message - the Fed's policy of quantitative easing is likely to end with QE2. It's important to think carefully about the implications of this for the markets. My...