Liquidity

Beige Book Paints Beige Economic Picture

Nov 29, 2023 2 min read

The bond market liked today's Beige Book, the collection of regional surveys of economic activity conducted by each of the 12 Fed district banks. While Q3's real GDP growth was revised up to a red hot 5.2%, the latest survey from October 6 to November 17 was more like a cool beige color. Six of the 12 Fed banks reported slight declines in economic activity.

Ed Yardeni

Up Or Down?

Jul 19, 2023 2 min read paid

Young bull markets tend to be widely hated. That's because many investors who sold during the preceding bear market fail to get back in at the bottom. Quite a few of them might have sold near or even at the bottom. The current young bull market is no exception. So why is the Investors Intelligence Bull/Bear Ratio (BBR) so high? It was 3.01 during the latest

Ed Yardeni

What's On The Fed's Books?

Mar 23, 2023 2 min read paid

The Fed provides a weekly snapshot of its balance sheet in its statistical release H.4.1. It comes out on Thursdays. The latest one for the week ended March 22 can be compared to the one for the week ended March 8 to see how the meltdowns of Silicon Valley Bank and Signature Bank (on March 9 & 10) affected the Fed's balance sheet. The total assets

Ed Yardeni

Running Out of Money?

Jan 2, 2023 2 min read members

Monetarists seem to be making a comeback, and they are sounding the alarm that the recent weakness in the M2 measure of money is confirming that monetary policy already is tight enough to cause a recession. We’ve addressed this issue in the past, and we still aren’t alarmed.

Ed Yardeni

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Beige Book Paints Beige Economic Picture

Up Or Down?

What's On The Fed's Books?

Running Out of Money?