The Fed is once again sowing the seeds of crisis.
Author: Bill Terrell
Is the Santa Claus Rally Over?
The stock market rally that began on Christmas looks endangered.
Buy 2019 Stocks at 2011 Prices
Buy stocks in 2019 at 2011 prices? It’s possible!
Brexit
Britain depends on Brexit for its survival as a nation.
Outlook 2019
The Financology markets outlook for 2019 and beyond.
Is the Fed Ignoring the Markets?
Financial punditry has been crying that the Fed is ignoring the markets. Financology disagrees.
Volatile Or Just Plain Down?
Volatility during this selloff has been uncharacteristically low.
The Fed Moves
Powell stands up to pressure.
A Fed Policy Mistake?
I don’t like tutti frutti ice cream. Tutti frutti ice cream is therefore a mistake.
How Will the December 2019 FOMC Decision Impact Markets?
This month’s FOMC meeting will be the most closely watched in a long time.
The Crash of 2018 Gets a Second Wind
An update on the bear market in stocks.
A Bull Market Is Born
There’s always a bull market somewhere!
Why Can’t the Economy Handle Normal Interest Rates?
The lower interest rates go and the longer they are there, the more the addict needs them.
Santa Claus Speaks
Fed Chairman Jay Powell delivers stocks a hearty ho-ho-ho.
Deflation
What causes deflation? Can inflation targeting prevent it?
Clarida vs Powell
So … are rates a long way from neutral or nearly there?
The Magic of Trade
Trade is one of the few free lunches in economics.
How to Handle Market Forecasts
There are some premises about the future of the markets underlying every portfolio.
Stock Market Sentiment Supports a “Santa Claus” Rally
Sentiment is so glum the bear leaves room for a countertrend rally.
Unreal Yields
The “real” yield you read of is probably fake.
The Social Security Demographic Crisis
Is the demographic crisis real? Or is it a figment of our rhetoric?
Deflation Accelerates
The crash in oil prices is just the latest symptom of gathering deflation.
A Whiff of Deflation
The US dollar has been appreciating since January … in real terms.
Is High Employment Inflationary?
Continued from Inflation is Not an Economic Condition.
Inflation is Not an Economic Condition
Inflation – or its mirror image, deflation – has nothing to do with demographics, technology, economic growth or any of the other usual suspects.
Bondology
A primer on bonds.
Building a Hedged Portfolio
Have special concerns about inflation or deflation? Here’s how to adapt a basic portfolio.
The Crash Ends
Wile E Coyote hits the dirt.
What Moves Markets
What causes asset prices to move the way they do?
The Crash Continues
Whew!
Invest Early and Retire Rich
Warning: This is a sales pitch!
The Crash of 2018
As crashes go, it wasn’t one for the history books. At least not yet…
Income Investing
Investing with an emphasis on income.
Lehman Bros RIP
The collapse of Lehman Bros did not kick off the financial crisis.
The Fiscal Shell Game
When is a tax cut not a tax cut?
Flat Curves and Stock Prices
What does a flattening yield curve mean for stock returns?
Semantic Sophistry
So was it a bear market or wasn’t it?
Measuring Inflation
Introducing the Financology Dollar Index.
Hedonics Hijinks
What does technological advance have to do with inflation?
Nothing Real About It
Second quarter real GDP soared 4.1%?
I don’t think so!