Hi All, I’m sorry to report that DKI’s investor relations email account was hacked this morning. This led to many of you receiving a spam message with some nonsense about Elon Musk’s WiFi. The message was not sent by DKI. For the people who alerted me to the problem, thank you very much. I appreciate … Read more
This was a big week for people who follow macroeconomic news. The Federal Reserve kept rates and the dot plot unchanged, but the press release was carefully worded to be opaque. We’ll explain why. After more than a decade of near and even below-zero interest rates at the Bank of Japan, they finally responded to … Read more
Gary Brode of Deep Knowledge Investing and Robb Fahrion of Flying V Group discuss the 5 Things to Know in Investing This Week: The Economic Humor Issue This week, we’ll address the following topics: The Federal Reserve concludes its March meeting. Decides to be all things to all people. The Bank of Japan raises interest … Read more
We’ve spent the last decade or so hearing about how electric vehicles would save the environment. EVs have been marketed as zero-emission vehicles and have benefited from both generous government subsidies and increasingly stringent regulations on conventional internal combustion vehicles. At Deep Knowledge Investing, we’re always interested in high-quality research that challenges conventional wisdom. When … Read more
Very little that’s new and of interest from Powell’s press conference. The highlights: – Talked about starting to taper quantitative tightening (QT). Said the plan is to get to the same level, but more slowly. – Lots of talk about the strong employment situation. Regular DKI readers know most new jobs are in government. The … Read more
This wasn’t a good week for the “pivot” people and asset gatherers who have been begging the Federal Reserve for lower rates. We got a higher-than-expected CPI and PPI. Making things worse, the short-term monthly numbers have started to accelerate meaning the disinflation story might be dead for now. Retail sales and manufacturing numbers were … Read more
Gary Brode of Deep Knowledge Investing and Robb Fahrion of Flying V Group discuss the 5 Things to Know in Investing This Week: The Stagflation and Doom Issue This week, we’ll address the following topics: -The CPI comes in hot. Should we panic about inflation? -The PPI comes in hot. Should we panic about inflation? … Read more
This week, Jerome Powell spoke to Congress and was more dovish than he’s been in years. He’s gone from channeling former Fed Chairman, Volker, who crushed inflation with interest rates approaching 20% to sounding like Volker’s predecessor, Arthur Burns, who reduced interest rates before getting inflation under control. We saw weaker than expected job reports, … Read more
