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Olduvai III: Catacylsm
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Kass: Follow The Money

Kass: Follow The Money The Tremor Before the Quake and the Fed’s $450 Billion Balance Sheet Reduction “The combination of rate hikes and balance sheet reductions from the Federal Reserve in 2018 sucked up global U.S. dollar liquidity and put emerging markets under immense pressure in 2018. Emerging market equities were 20-30% lower from February […]

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Kass: “Don’t Blame Powell For The Mess He’s Left To Clean Up”

Kass: “Don’t Blame Powell For The Mess He’s Left To Clean Up” Do we want to be Japan? “I need the Fed to shut up. I don’t trust the Fed at all. I don’t trust Jay Powell at all. Jay said everything that caused a tremendous selloff. You have got to start recognizing how powerful […]

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Kass: High Anxiety In The Markets

Kass: High Anxiety In The Markets “Brophy: I got it. I got it. I got it. [thump] Brophy: I ain’t got it.” – Mel Brooks, High Anxiety Arriving at Los Angeles International Airport, Dr. Richard Thorndyke has several odd encounters (such as a flasher impersonating a police officer, and a passing bus with a full orchestra playing inside it). Dr. Thorndyke […]

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Kass: Tops Are Processes & We May Be In That Process

Kass: Tops Are Processes & We May Be In That Process The Yield Curve Will Likely Invert by November, 2018 Economic growth is less synchronized than the consensus believes On a trending and rate of change basis the economic data is slowing down The Fed’s continued pivot to tighter money will likely lead to curve […]

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Kass – Risk Happens Fast

Risk Happens Fast Risk happens fast – Trump trade policy whacks futures this morning We remain in a trading sardine market – not an eating sardine market Hastily crafted policy that conflates politics is dangerous in a flat and networked world The return of an untethered Orange Swan is market unfriendly … brace yourselves The […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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