Alhambra Investment Partners, LLC

There are surely a lot more interesting and entertaining things to picture. EFF provides us with continuous opportunity to pick at the FOMC’s competence. Even LIBOR and the TED spread are back...

Does a year matter? It seems like a sufficient length of time whereby solid conclusions might be reached. While that may be true in a lot of disciplines, it is not so in Economics.Recall that in late...

If it seemed a bit calmer yesterday in global markets than has become typical, it was likely due to the absence of Chinese influence. China’s markets were closed for the country’s annual...

Well before Jerome Powell changed his dots a little, or the ECB chickened out, the Reserve Bank of India had already acted. For the first time since January 2014, on June 6 the RBI raised its...

Back a few months ago when Europe was booming, or at least everyone was sure that this one particular economy was, market futures prices indicated an expectation for the first European rate hike to...

The global economy is not falling off a cliff. There isn’t even evidence it is about to or is nearing such a situation. The most alarming that might be said of how things appear right now is...

The concept of bank reserves grew from the desire to avoid the periodic bank runs that plagued Western financial systems. As noted in detail starting here, the question had always been how much cash...

In a week which renewed the world’s mystified acquaintance with Deutsche Bank (DE:DBKGn), there are only a couple charts that could justifiably represent it. The chaos caused by Italy...

At a campaign rally in New Mexico in May 2016, Presidential Candidate Donald Trump returned to one of his favorite themes. It was a package deal. He first talked about NAFTA and what he considered the...

There are three major housing related data series published each and every month. The first is on construction of new units, the intersection of real estate and the macro economy compiled by the...

On June 21, 2017, Italy’s Parliament approved Law #96. The new regulation altered Law #130 of 1999. Pertaining to limitations on the activities of Special Purpose Vehicles (SPV), the 2017...

It has been far more difficult to pick one Chart of the Week this week. There is so much going on right now, most of it revolving around the possible re-rising of the “dollar.” An...

Since nobody can seem to agree on what is an asset bubble, it’s that much more difficult to try and estimate its end. A bubble stops being a bubble only when the people participating decide to...

Observing the eurodollar system as I’ve done for so many years, you have to be prepared for curve balls thrown at you. Just when you think you’ve got it clocked (sometimes literally),...

Industrial Production in the United States rose 3.5% year-over-year in April 2018, down slightly from a revised 3.7% rise in March. Since accelerating to 3.4% growth back in November 2017, US industry...

January was the last month in which China’s National Bureau of Statistics (NBS) specifically mentioned Fixed Asset Investment (FAI) of state holding enterprises (or SOE’s). For the month...