I’ve recently been fairly active on the message boards at Pragmatic Capitalism, which is a great site put together by the very talented Cullen Roche. The folks at Pragcap subscribe to a theory of money called “Monetary Realism,” which you … Continued
One indicator that we pay close attention to is the monetary base, the sum of currency and reserve balances at the Fed. Over the last two weeks the base has grown by $43B, about 1.5%. The base is important to … Continued
Citigroup reported strong earnings this morning as did JP Morgan and Wells Fargo last week. All three banks also reported strong deposit growth as well. Systemically, despite low interest rates, US banks have been growing deposits at an above average … Continued
Reposted here from zerohedge is a stunning chart of cumulative flows to bond and equity funds since 1996. It shows that total fund flows into equity funds are negative over the last 16 years. Considering that US households have saved $5.4T over this … Continued