Wall Street Examiner Exclusives

Wall Street Examiner exclusives

Recovery!

In this case the term refers to my health. My condition was a little more serious than the doctors originally thought. I have had successful triple bypass surgery and am out of ICU and on the road to recovery. It will be a week or two till I get up to speed. I will adjust…

WSJ Master Word Soup Chef Greg Ip Missplains the Fed and Argentina Flation

Greg Ip knows just enough economic conventional wisdom to be a masterful and well respected word soup chef. Today he took on an explanation of why Argentina could “create” inflation via money printing, and the Fed, ECB, and BoJ couldn’t. He said that it was because Argentina’s central bank bought government debt directly, and the…

Central Bank Policy Failure Chart Of The Week- US Worker Weekly Earnings

Employee Weekly Earnings Are Crashing - Click to enlarge

Whatever the central bankers and economic policy makers are doing sure is not helping US workers earn bigger paychecks. The collapse in the growth rate of employee earnings attests not only to the pressure on the wages of existing jobholders, but also to the lousy, low-pay jobs the economy is adding while everyone else’s weekly pay…

Negative Supply and Demand Factors For Bonds Are Just As Bad For Stocks

Last week the Treasury cut back the supply of the 4 week bills to $55 billion from $60 billion. Today they just announced another cut, to $45 billion. As a result of continuing massive demand for short government paper, the 4 week bill rate broke down from its range and closed at 18 basis points…

Cycle Screening Data Teeters on Going Intermediate Term Negative

Cycle screening data weakened on Thursday for the fourth straight day. The aggregate measure fell to a trendline from the January low. It had turned down from a pattern of negative divergence versus the SPX. While it broke its 29 day MA, it stayed in positive territory. It would need to go negative to signal…

Macroliquidity and Sentiment Reach Crucial Juncture

Macroliquidity edged to a new high in the past week as the Fed held its regular monthly MBS settlements March 14-22. The markets must now fend without the Fed’s help again until mid April. But they have plenty of liquidity coming from the BoJ and especially the ECB as NIRP drives capital out of Europe…