Federal Reserve will move after the greatest transfer of wealth

On Wednesday we get the Federal Reserve almost certainly announcing a 25bps rise in its Fed Fund rate. This will be the second raise in the last eight years, which should tell you everything you need to know about the effectiveness of the Obama economic miracle. And yet the Feds’ move over that time allowed […]

Overnight lending squeezed by bond vigilantes

Both presidential candidate Hillary Clinton and the markets feel like crap Monday morning. While the Democratic nominee alleges she has her third different ailment in the last week, the global stock and bond markets can’t  keep anything down and wretched more than 2% losses in Asia and Europe overnight. Bond yields worldwide have exploded as […]