MI2 Research Portal

Latest Publications

  • MI2 Chart Point: Peak Dollar? (5/24/2022) As you know, we are structural dollar bears because we believe that ultimately when the next crisis brings the Fed face to face with the inability to support stocks, bonds, and the currency, they will logically sacrifice the dollar (“The Dollar: Triffin’s Dilemma and the…
  • Ask Me Anything & Summary of Views with Julian Brigden – May 2022 (5/12/2022) Please see our latest Ask Me Anything session, where Julian starts off with a quick presentation of our current views and then answers our client’s questions. It runs for approximately one hour.
  • MI2 Chart Point: Four Inflation Charts (5/10/2022) With risk assets in freefall, this week’s CPI data is more critical than ever. Expectations are for a fall in both the headline and core rates, which conveniently fits the current and pervasive narrative that prices are peaking. While such an outcome would undoubtedly be…

  • Thoughts From The Divide – (Un)Intended Consequences (5/19/2022) “Will… include some pain”  In a relatively brief interview from last week, Jerome Powell made a number of statements that seemed to put markets and market spectators on edge. Though he successfully dodged a question on the prospect of a…
  • Thoughts From The Divide – Aggravation (5/12/2022) “Aggravating factors”  This week’s title is apropos of both the world of crypto (where a “stablecoin” losing its peg has had a “cascading effect”) and the equity market (where declining stocks have sent CNN’s Fear & Greed Index to 52-week lows). However,…
  • Thoughts From The Divide – Expeditiously (5/5/2022) “As quickly and effectively as we can”  If “transitory” was the previous buzzword du jour, the new term appears to be “expeditiously”, which Chairman Powell used six times during Wednesday’s post-FOMC presser in the context of both raising rates and bringing down…