We Flew Into Singapore's Changi Airport, Here's What We Saw
To wit, from our previous note:
We will let our readers judge for themselves if growth is on an upwards or downwards trend in another short note which we will publish later on. However, without commenting much, we will go out on a limb by saying we feel the many economies will start stagnating absent monetary stimuli. Central bankers have realized this and have therefore acted on it. There is little to lie about, and even less to cover up; the face speak for themselves. We said in our last note on Daily Grail that US macro data has disappointed broadly relative to expectations since December last year, and that the FOMC might be tripping over rather unknowingly. We sense something amiss, but more on this topic in a separate piece.
The implications, if the Fed blinks by admitting it has guided expectations too hawkishly too quickly, that will be the final nail in the coffin. In our minds, the only major sticking point preventing capital from rushing into so called "hedges" against monetary inflation remains the Fed's guidance to hike rates in 2H15. This is an important note.
SEE WHAT WE SAW HERE: http://www.businessoffinance.com/ins...es-what-we-saw
To wit, from our previous note:
We will let our readers judge for themselves if growth is on an upwards or downwards trend in another short note which we will publish later on. However, without commenting much, we will go out on a limb by saying we feel the many economies will start stagnating absent monetary stimuli. Central bankers have realized this and have therefore acted on it. There is little to lie about, and even less to cover up; the face speak for themselves. We said in our last note on Daily Grail that US macro data has disappointed broadly relative to expectations since December last year, and that the FOMC might be tripping over rather unknowingly. We sense something amiss, but more on this topic in a separate piece.
The implications, if the Fed blinks by admitting it has guided expectations too hawkishly too quickly, that will be the final nail in the coffin. In our minds, the only major sticking point preventing capital from rushing into so called "hedges" against monetary inflation remains the Fed's guidance to hike rates in 2H15. This is an important note.
SEE WHAT WE SAW HERE: http://www.businessoffinance.com/ins...es-what-we-saw