By Jeffrey Snider of Alhambra There is a difference between reflation and recovery. The terms are similar and relate to the same things, but in
By Jeffrey Snider of Alhambra After the Fed “raised rates” a little over a week ago, the US treasury market responded with another collective shrug.
By Jeffrey Snider of Alhambra Earlier this month, the BEA estimated that Disposable Personal Income in the US was $14.4 trillion (SAAR) for April 2017.
By Heisenberg We can officially lay the euphoria of the Trump reflation trade to rest Well as noted on Monday evening, the debate is heating up
By Heisenberg [biiwii comment: The perma-bull quoted below is correct in his interpretations of the yield curve (and Goldilocks), but I’d take issue with his
By Jeffrey Snider of Alhambra In the early trading on Friday, it looked as if “reflation” might break down entirely. The flurry of information seemed
By Heisenberg Dammit Mark, didn’t you learn anything from Goldman’s overnight note on commodities? When reality doesn’t reflect what you think it should, you just cast