Today, the PBOC and the ECB both promised to provide greater liquidity to combat disinflation. US markets have gapped nearly 1% higher overnight as a result.Coming after 5 weeks of gains, this gap will push SPY above its weekly Bollinger Band (20,2). A…
Here’s the podcast to my appearance Wednesday night on John Batchelor’s nationally syndicated radio show.
Big money is gushing in all directions.
The NY Fed and Goldman have combined again to produce fingers scraping on a moral blackboard. The story is – not – told coherently in a NY Times piece.
More unexciting action from the early openers: Kiwis -0.5%, Aussies flat, Nikkei -0.8% and Sth Korea +0.3%.
Fairly flat for most Aussie sectors: Energy +1.3% down to Utilities -1.4%.
Some final thoughts on immigration policy just before President Obama officially unveils his executive action at 8 EST tonight: The …
In one chart.
I’ll tell ya – I was in Philadelphia last Friday night and was amazed by how lively and genuinely urban the Rittenhouse Square area is (especially in contrast to still-determinedly un-urban Washington, D.C.). But as it turns out, if I really wanted excitement, I would have gone to one of the Philly area’s factories – because according to the Philadelphia Federal Reserve’s new monthly survey of regional manufacturing activity, the area’s industry is having one of the biggest blowout months of all time.
‘Punishment Interest,’ as Germans call it with Teutonic precision, becomes pandemic.