Tag Archives: copper

Bank of England, Bitcoin, BOJ, Budget, Central banks, Commodities, CPI, Crypto, ECB, Emerging Markets, Equities, Europe, Federal Reserve, Fiscal policy, Fixed Income, Government, Inflation, Japan, Keynesianism, Macro, Metals, money supply, Politics, Production, Revenues, Tech, UK, UK Treasury, US Treasury, USA

Burning Holes in Idlers’ Pockets

Posted on by Sean Corrigan

Inflation, Milton Friedman famously said, is a monetary phenomenon. But it is also one given the readiest of outlets through recourse to what we call ‘fiscal’ policy – i.e., by spendthrift governments borrowing money created at their call and forced into the system by means of warfare, welfare, contracting, cronyism, bureaucratic expansion and plain old boondogglery. Arguably, this is where we find ourselves today, in a world where supply is no longer likely to meet demand as abundantly and as effortlessly as has been the case these past twenty years.

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Agriculture, Bonds, Commodities, Credit, Energy, Equities, Europe, Fixed Income, Forex, futures, Gold, High Yield, Japan, Metals, Revenues, Tech, UK, USA

Tighten Your Belts: Market Observations

Posted on by Sean Corrigan

We ended the summer by saying that – barring another disastrous, COVID19-inspired, mass governmental embargo on everyday economic activity – the miners, makers, movers, and merchants of the things we need to run our lives when we are not scrolling through Instagram or pretending to pay attention to a yet another pointless Zoom conference would begin to make up ground lost in lockdown to the providers of such diversions. State interference would henceforth take other, more chronic forms of hindrance: tending deliberately to boost demand while making its satisfaction progressively more difficult. So far – broadly speaking – so good.

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Agriculture, Central banks, Commodities, COVID19, Credit, Energy, futures, Gold, Greens, Inflation, Metals, money supply, Oil, Production, Renewables, Tech

Dead Cat or Deep Value?

Posted on by Sean Corrigan

Since their Lockdown lows, commodities have performed as well as any other asset, though they still remain generally depressed. Can they now continue to rise?

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Agriculture, Commodities, Cycles, Fixed Income, Forex, Gold, Metals, Money, Oil, Trade, USA

The Ph(o)enix Rises

Posted on by Sean Corrigan

Please find links to some of the commentaries made as part your author’s role as investment strategy adviser to Phenix Consulting & Asset Management over the course of 2018. ‘Market Movers’ provide updates on developments in and projections for commodity markets themselves while ‘Primary Concerns’ presents the L/S fund’s monthly results:-

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Banking, Budget, China, Commodities, Deficit, ECB, Emerging Markets, Energy, Equities, Federal Reserve, Fiscal policy, Fixed Income, Forex, Gold, Inflation, Japan, Macro, Money, Oil, Trade, USA, Yield Curve

Trade Wars: Blue-on-Blue

Posted on by Sean Corrigan

The so-called ‘war’ over trade being conducted by the US & China has given rise to much ill-informed commentary about its supposed benefits, its prospective victims, and China’s putative responses.

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Austrian Theory, Central banks, China, Commodities, Credit, Cycles, Donald Trump, ECB, Emerging Markets, Energy, Equities, Europe, Fixed Income, Forex, Gold, Inflation, Macro, Money, Oil, UK, USA, Volatility, Yield Curve

The Turn of the Tide

Posted on by Sean Corrigan

Have we finally reached the high-water mark of the current bull run? Is all the good news in – and the last, most shaky, marginal buyer along with it, inveigled in by the bounce from February’s brief Vol-au-Vent? If so, what are the implications? Where are the trigger points? How will any weakness manifest itself? 

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Austrian Theory, Banking, Central banks, China, Commodities, Credit, Energy, Equities, Europe, Federal Reserve, Fixed Income, Forex, Gold, Japan, Macro, Money, Oil, USA, Yield Curve

Once through with feeling

Posted on by Sean Corrigan

Some readers may be interested in putting a voice – and even a face – to the author. Below are links to three recent audio-visual publications in which I discuss US & Chinese macro as well as the interrelations between the three great asset classes of stocks, bonds, an commodities. Following on is a wider […]

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Commodities, Cycles, ECB, Equities, Europe, USA

Doleful dollar boosts the Base

Posted on by Sean Corrigan
[An edited version of the following appeared in Moneyweek under the title, ‘What’s unsettling the US Dollar?‘] ‘Dollar makes worst start to the year since 1985,’  screamed the headlines a few weeks ago in a classic click-bait attempt to get people to read about what they already should know by using a somewhat artificial statistic […]
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Central banks, China, Commodities, Credit, Cycles, Equities, Fixed Income, Intervention, Macro, Money, Real Estate

China: Turn of the Tide?

Posted on by Sean Corrigan

In an earlier Monitor, we alluded to a possible monetary reason for suspecting that the past year’s spectacular (and inflationary) bounce in Chinese revenues and earnings might have reached its high-water mark. Here we take a more detailed look at the situation in the Middle Kingdom:- 17-08-21 China

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