Worrying Signs

Max and Stacy discuss the ‘unreal’ flows into ETFs in January as the Atlanta Fed predicts a 5.4% GDP number for Q12018. Despite that, markets continue to show worrying signs of volatility around the world and, in Hong Kong, there are reports of massive outflows of cash at ATMs in the territory. In the second half, Max interviews Mish Shedlock of MishTalk.com about this take on the Atlanta Fed’s GDPNow forecast of 5.4% and the Bank of Japan’s wacky offer to spend ‘unlimited amounts’ buying 10-year bonds.