The BEA’s Personal Consumption Expenditures Chain-type Price Index for January, released this morning, shows that core inflation remains below the Federal Reserve’s 2% long-term target at 1.52%. The most recent Core Consumer Price Index release, also data through January, is higher at 1.82%. The Fed is on record as using Core PCE data as its […]

The dragon dance is a customary way to celebrate the Chinese New Year. We all know what dragons breathe-FIRE! Furthermore, where there’s smoke, there’s fire.  Plus, as the element this year of the brown earth dog is water, bulls now have to hope its enough water to put out the fire, rather than just enough water to […]

Stock markets up on a stick. Valuations stretched. Bond yields near sixty-year lows. Real returns basically zilch. A decade of global financial repression has forced investors everywhere out the risk curve. Nothing is cheap. There is a reason that top quantitative research shops like GMO have forecasted future returns that look like this: Cries of that awful […]

Econintersect’s Economic Index (EEI) marginally improved but remains in territory associated with modest economic growth. Analyst Summary of this Economic Forecast Last month was a terrible month for the data we used in making our forecast. This month was significantly better with our single month in territory associated with strong growth. But as we use […]

It’s been a busy several days in the YieldCo space. On February 5, 8point3 Energy Partners (Nasdaq:CAFD) announced an agreement to be acquired by an infrastructure investment fund managed by Capital Dynamics. While I was still writing an article on why the sale price was at a virtually unheard of discount relative to the stock market price, two more YieldCo […]