Biderman talks slow-growth economy on CNBC

Feb
09

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4 Responses to Biderman talks slow-growth economy on CNBC

  1. BC on February 9, 2014 at 9:07 pm

    https://app.box.com/s/s2nfmtmwgq5l3zrv479l

    https://app.box.com/s/so7cgboezfv5zs7xvcm5

    https://app.box.com/s/s1wozzwbrg0m3y2opmig

    Speaking of weak wage and salary growth, no explanation is required for the charts at the links above.

    “Calamity Janet” will get her BIG chance to prove her bona fides as a highly capable fat-fingered ZIRP bank reserve printer sooner than most anticipate.

    How much this time? $3 trillion more? $6 trillion? Pick a number, any number.

  2. Chris on February 11, 2014 at 8:53 pm

    Charles, thoughts???

    According to St. Louis Fed, the Monetary Base has halted it’s $100 B/mo growth and as of Jan, added just over $10 B/mo…bout to go negative??? Big change in trajectory since November…prior to taper $10B (now $20B/mo taper)??? Somebody draining the pool???

    http://research.stlouisfed.org/fred2/series/AMBNS

    click on 1yr or 5yr chart to see big change

    http://research.stlouisfed.org/fred2/graph/?chart_type=line&s1id=AMBNS&s1range=1yr

    http://research.stlouisfed.org/fred2/graph/?chart_type=line&s1id=AMBNS&s1range=5yrs

    During periods since ’09 when the monetary base was flat, equities have been down / flat and then lifted by anticipation of QE / QE execution. If this pattern holds (particularly w/ record leverage) stocks bout to get clobbered.

    Also notable is that golds big upside runs happened during the flat periods or QE runoff periods…

    • cbiderman on February 11, 2014 at 9:53 pm

      One month is hard to gauge causality.
      But definitely worth watching.
      Thanks for pointing it out.

  3. Chris on February 11, 2014 at 10:01 pm

    here are the last five months…after growing consistently by about $100B/mo all ’13..Novembers growth was $31B, Dec $13B…and likely going negative in next month???

    2014-01: 3,749.462 Billions of Dollars

    2013-12: 3,736.789

    2013-11: 3,705.077

    2013-10: 3,610.306

    2013-09: 3,508.808

    This slowdown is way in excess of tapering and looks more like reverse repo’s kicking in???

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Charles BidermanCharles Biderman is the Chairman of TrimTabs Investment Research and Portfolio Manager of the TrimTabs Float Shrink ETF (TTFS)

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