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Olduvai III: Catacylsm
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Matt King: Global QE And “ETFs Everywhere” Have Created An Unstable, One-Way Market

Matt King: Global QE And “ETFs Everywhere” Have Created An Unstable, One-Way Market While the financial industry remains divided over what precisely is the cause of the malaise that affects modern markets, characterized by plunging volumes and trading activity, record low volatility and dispersion, a relentless ascent disconnected from fundamentals, and generally a sense of […]

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Overcapacity “will be even greater than in 2009.”

Overcapacity “will be even greater than in 2009.” “I would be open to the possibility” of reducing the fed funds rate “even further” and go negative, explained Minneapolis Fed President Narayana Kocherlakota on Thursday. Some folks just don’t get it. Here are the results of seven years of global QE and zero-interest-rate policies: Global demand […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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