This post originally appeared on April 6, 2023 DKI has covered the decline of the petrodollar more than a dozen times in the last year. Most notably, I gave an hour-long lecture at the Institute for World Politics explaining how the anti-Russian sanctions were not hurting the Russians; but rather, destroying the value of the … Read more
This post originally appeared on April 3, 2023 Market Giving Up Friday’s Gains: Yesterday, we published a piece concluding that the market may have misinterpreted Friday’s PCE report. The NASDAQ, which is more sensitive to interest rate changes than other major indexes, has given up half of Friday’s gains as of the time of this … Read more
This post originally appeared on April 2, 2023 PCE Rockets Market: On Friday, we got the new PCE report. That stands for Personal Consumption Expenditures and it’s the preferred measure of inflation for the Federal Reserve. While it doesn’t get the same attention as the Consumer Price Index (CPI), it’s probably more important in determining … Read more
Insight into the Newly Acquired SIVB, Consumer Confidence is Up, Alibaba Splits into Six Units, and PCE Cools (sort of). This week we witnessed the end of Silicon Valley Bank’s story, but also got new insight into what led it to fail earlier this month thanks to testimony from Fed Governor Michael Barr. There was … Read more
Gary Brode and Mark Rossano look at what now for the fed after last week’s rate decision. Is contagion just going to be limited to US banks or could the demise of Credit Suisse just be the tip of the iceberg and they look at the possibility of other industries and companies that could have … Read more
The Everyone Fails Again Version Bank failures, bank depositor bailouts, forced bank bailouts, CFOs who can’t evaluate risk, and bank risk managers who aren’t even trying to do their jobs. It’s the 5 Things to Know – Failure Edition! DKI continues to applaud intern, Dylan Kogan, who again makes a strong contribution to this week’s … Read more
The Higher for Longer – Plus Faster Version Jerome Powell does his version of the Six Million Dollar Man telling Congress rates will be higher for longer, and faster than many hoped. A stronger than expected economy continues to disappoint asset gatherers hoping for a return to bubble valuations. DKI continues to applaud intern, Dylan … Read more
