by Lance Roberts | Oct 20, 2023 | alerts, Markets/Economy, Real Investment Advice
Restrictive monetary conditions, from higher yields and tighter lending conditions, are the Fed’s “Waterloo.” If you don’t remember, the “Battle of Waterloo” was fought on June 18th, 1815. The battle was a catastrophic defeat for the Napoleonic forces and marked the...
by Lance Roberts | Oct 17, 2023 | alerts, Markets/Economy, Real Investment Advice
Bloomberg recently penned a great piece on the “Law of Unintended Consequences.” To wit: “There is only one true law of history, and that is the law of unintended consequences. In the early 1920s, the University of Chicago economist Frank Knight famously drew a...
by Lance Roberts | Oct 17, 2023 | alerts, Markets/Economy, Real Investment Advice
Bond valuations are cheap. Psychology in markets is always fascinating. In February 2009, I wrote “8 Reasons For A Bull Market.” While in hindsight, it is easy to see that was the right call, overall, psychology was highly negative at the time. The arguments for lower...
by Lance Roberts | Oct 6, 2023 | alerts, Markets/Economy, Real Investment Advice
While bond yields have risen sharply lately, fund flows into bonds tell two very different stories. We have previously written much on the recent rise in bond yields related to economic growth, event risks, and recessions. To wit: “Since rates and expectations must...
by Lance Roberts | Oct 3, 2023 | alerts, Markets/Economy, Real Investment Advice
Once again, due to the ongoing lack of fiscal responsibility in Washington, the markets and the economy faced a Government shutdown. After a day of theatrics, Congress passed a “stopgap” measure that will keep the Government operating for 45 days. But is that a good...
