Michael Pollaro

Contributor since: 26 Feb 2010

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• Does the Oil Price Collapse Put the High Yield Market at Risk?

  Published 01 December 2014 | viewed 0 times

  The high yield market may have a taken a big hit on Thanksgiving day. The cause - a collapse in the price of oil on…

• Central Bank Credibility, Now Here's a Bubble

  Published 21 November 2014 | viewed 0 times

  Equity bulls, which nearly everyone is these days, received some supposed great news today from two of the world's most prominent central banks. First, with…

• Don't Fear the End of QE, says BofA Merrill Lynch

  Published 13 November 2014 | viewed 0 times

  Don't fear the end of QE says economist Ethan Harris in a November 7th BofA Merrill Lynch Global Research note. Quoting Mr. Harris... One of…

• The End of QE, Fed Policy Normalization and the Equity Market

  Published 29 October 2014 | viewed 0 times

  The Federal Reserve is "normalizing" its monetary policies. QE3, the latest installment of its multi-year $3.7 billion asset purchase program is ending this month. And…

• The End of QE3, Trouble Ahead for the Bulls?

  Published 22 October 2014 | viewed 0 times

  The Federal Reserve's latest asset purchase program, QE3, is coming to an end. What was once an $85 billion a month program, one in which…

• Central Bank Credibility, The Equity Markets and Gold

  Published 12 October 2014 | viewed 0 times

  Central bank credibility is at all-time highs. As a consequence, we suggest, equities are near all-time highs too while gold is scraping multi-year lows. A…

• There Is No Graceful Exit for the Fed, Mark Zandi

  Published 29 September 2014 | viewed 0 times

  Mark Zandi, Chief Economist of Moody's MCO -0.2% Analytics, doesn't get it. Like most economists today he looks at the world through the lens of…

• Deceleration in the Money Supply Increasing the Risk of an Economic Bust

  Published 25 September 2014 | viewed 0 times

  Summary The pace of the U.S. money supply is decelerating, now well off cyclical highs This is increasing the risk of an economic and financial…

• Monetary Watch Japan, Enter New BOJ Chair Kuroda

  Published 12 March 2013 | viewed 0 times

  We have updated our True "Austrian" Money Supply (TMS) series, this update for January's Japan money supply aggregates.... Detailed Japan money supply and central bank…

• Monetary Watch, Euro True Money Supply Trends Suggest Another Deflationary Scare?

  Published 12 March 2013 | viewed 0 times

  We have updated our True "Austrian" Money Supply (TMS) series, this update for December's Euro money supply aggregates.... Detailed Euro money supply and central bank…

• Chairman Bernanke, Price Inflation is the Least of Your Problems

  Published 01 March 2013 | viewed 0 times

  Said Chairman Bernanke at this week's Humphrey-Hawkins testimony... Monetary policy is providing important support to the recovery while keeping inflation close to the FOMC's 2%…

• The Next Great(er) Recession Now Baked In The Cake?

  Published 28 January 2013 | viewed 0 times

  It's basic cause and effect. Monetary inflation causes economic busts. And the larger the monetary inflation, the larger the bust. As brilliantly explained by the…

• U.S. Government Finances

  Published 26 January 2013 | viewed 0 times

  The Contrarian Take offers a concise monthly accounting of the U.S. government's financial position and burden on the U.S. economy... U.S. Government Finances, December 2012…

• U.S. Government Debt Monetization

  Published 18 January 2013 | viewed 0 times

  The Contrarian Take offers up a concise quarterly accounting of Federal Reserve, Foreign Central and US Bank purchases (monetization) of U.S. government debt...   U.S.…

• The Bernanke Bust, the Why How and When

  Published 27 April 2012 | viewed 0 times

  To readers of THE CONTRARIAN TAKE, it will come as no surprise that we are fond of the Austrian School's take on monetary matters, specifically…

• Money Supply Booming, Seeds of the Next Greater Recession

  Published 18 March 2012 | viewed 0 times

  The next Great Recession is in the making. The money supply trends say so. And it is looking more and more like this next Greater…

• Does the Latest 7-year Treasury Auction Suggest Buyers Wary of The End of QE II?

  Published 30 June 2011 | viewed 0 times

  "Treasurys extend slide on tepid auction, U.S. 7-year notes sold amid lukewarm reception" read the MarketWatch headline on Wednesday June 29. That's none to pleasing;…

• Monetary Watch June 2011, Inflation Prospects Post QE II

  Published 29 June 2011 | viewed 0 times

  Our monthly Monetary Watch, an Austrian take on where we are on the monetary inflation front examining the money creation activities of the Federal Reserve…

• The End of QE II, Impact on the Treasury Market

  Published 21 June 2011 | viewed 0 times

  The Federal Reserve's QE II asset purchase program is ending, so the Federal Reserve says, at the end of June. As a result, a very…

• US Government's Fiscal State Worsens, DC Politicians Fiddle

  Published 17 June 2011 | viewed 0 times

  The numbers for the U.S. government's fiscal month end May 2011 are in and they're not looking so good. All we can say is "Washington…