THE THIRD MANDATE IS OFFICIAL

There has been a whole lot of ink spilled on the reason for the Fed’s recent break from data dependence. Many pundits believe the Federal Reserve’s hawkish guidance, even in the face of low inflation readings, is a partisan attempt...

SOMEWHERE CHEAP TO HIDE

An interesting aspect of living in Toronto is the different people I get to meet. For example, although I know plenty of Bay Street types; traders, investment bankers, securities lawyers, portfolio managers (you know, all the people you try to...

THE REVERSE TEPPER MOMENT?

UPDATE: After I wrote this piece, Peter Boockvar from the Lindsey Group tweeted me to tell me that I was a little late to the party with this idea. It turns out, Peter had already spoken about this very topic...

REJOINING THE DARK SIDE

After many months of fighting all the naysayers predicting the next big stock market crash, I am finally succumbing to the seductive story of the dark side, and getting negative on equities. I am often early, so maybe this means...

WHEN WILL JANET LIVE UP TO HER REPUTATION?

I am asking you to put aside all your notions about monetary policy for a moment, and think about the next couple of points with an open mind. Forget about scary Central Bank balance sheets. Fight the urge to worry...