Checking out the reaction to the “positive” earnings reports today, especially those in the financials, has left me with only one conclusion: the stock markets are longer relevant to any discussion of the economy, housing, banking, etc. … Read This…

The rise in global stock markets and mounting inflation worries resulted in investors switching from government bonds to equities, pushing government bond yields sharply higher in most parts of the world. For example, the yield on the … Read This…

Checking out the reaction to the “positive” earnings reports today, especially those in the financials, has left me with only one conclusion: the stock markets are longer relevant to any discussion of the economy, housing, banking, etc. … Read This…

The rise in global stock markets and mounting inflation worries resulted in investors switching from government bonds to equities, pushing government bond yields sharply higher in most parts of the world. For example, the yield on the … Read This…