A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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LifeHealthProJPMorgan's trading loss proves Volcker rule won't workEuromoney MagazineFor this reason, your comment may not be live immediately, or may not be published. by Helen Avery JPMorgan's several-billion-dollar trading loss has certa...
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Markets swoon amid fears that Europe's crisis will spreadThe Courier-JournalAP NEW YORK — The threat of a financial crisis spreading from Europe shook markets on Wednesday. The euro dropped to a nearly two-year low against the dollar. Oil prices ...
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HispanicBusiness.comGold Declines as European Crisis Concern Boosts DollarBusinessWeekBy Debarati Roy and Nicholas Larkin on May 23, 2012 Gold futures slumped the most in two weeks as concern that Europe's debt crisis is worsening boosted the dolla...
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I first came to national attention back in 2008 and 2009 when the housing and credit markets imploded. I became known as the guy that other market “experts” laughed at when I warned of trouble brewing in the seemingly indestructible American econom...
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JPMorgan exec's Lyme infection spotlights need for quick treatmentmsnbc.comThat could change with the bacterial infection's link to the JPMorgan Chase's multi-billion dollar financial meltdown. Amid the finger-pointing for the bank's tr...
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Philadelphia Fed Manufacturing Index Decreased to -5.8 in MayBloombergThe Federal Reserve Bank of Philadelphia's general economic index decreased to minus 5.8 in May from 8.5. Economists forecast the gauge would rise to 10, according to the median ...
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CRUDE FUTURES: Crude Falls In After-Hours Trading After API ForecastWall Street JournalNEW YORK (Dow Jones)--US crude-oil futures tumbled almost a dollar in after-hours electronic trading Tuesday after an industry report predicted swelling supplies. Li...
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CRUDE FUTURES: Crude Falls In After-Hours Trading After API ForecastWall Street JournalNEW YORK (Dow Jones)--US crude-oil futures tumbled almost a dollar in after-hours electronic trading Tuesday after an industry report predicted swelling supplies. Li...
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The claim is being made that JP Morgan’s $2 billion trading loss was in a trade that was a “a hedge.” It doesn’t take much review to easily disprove that position. We first learned of this particular trade when they began to distort credit indices. Any trade so huge that it impacts its markets...
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Facebook fervor fierce ahead of IPO (via AFP) Facebook frenzy is spreading ahead of the company’s big-time stock market debut, with anything from Mark Zuckerberg’s hoodie to the billion-dollar buy of Instagram sparking controversy. Speculation about the promise or pitfalls of owning a piece of the world’s leading social network was so feverish…
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Moneycontrol.comAussie, NZ Dollars Drop as Gauge Highlights DivergenceBloombergThe Australian and New Zealand dollars stayed lower versus their US counterpart after a factory gauge unexpectedly rose in April, highlighting a divergence between US econom...
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Not much to add to Friday's update -- ideally I'm still looking for some type of larger correction in the foreseeable future. I spent an awful lot of time charting this weekend, so I'm going to spend more time sharing those charts and l...
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http://www.zerohedge.com/news/dollar-libor-market-hints-credit-agricole-
was-bank-x
66x leverage?!
Excerpt:
And given Credit Agricole's 2nd worst position on Bloomberg's Tangible Common Equity Ratio screen (behind Landesbank Berlin no less), it is...
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Two stories in the past 24 hours on this, one from Aljazeera and the other AE-P. The idea is that the Fed buys European govt bonds to hold down yields. The Aljazeera story (an opinion piece from a Washington think tank) gives more background detail, co...
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One of the most important steps that we could take to bring prosperity back to America would be to nationalize the Federal Reserve. Doing so would allow the federal government to quit borrowing money, dramatically reduce taxes and eventually pay of...
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I think that short positions on the dollar right now are very high risk.
Two weeks ago, the dollar gave some false signals, apparently indicating that it was nearing the end of its correction. At that time, it appea...
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http://vimeo.com/29058918
Seems he agrees with HyperTiger sort of... but I am not sure if he is on top or not.
I don't agree with everything he says in this and it does seem to be a bit , well no very self serving. But I agree with more than I disag...
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Holiday retail sales - which account for almost 40% of retail revenue, worth $453 billion in sales last year - are in jeopardy.
Consumer spending continues to be restrained by an unemployment rate that has stayed above 9% for 26 of the past 28 months. Furthermore, rising food...
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Ya gotta give Bernanke credit for being THE most consistent clueless (or lying) Fed Politburo Head, ever.
For, as reported here:
http://www.cnbc.com/id/44411981
...our own loveable, Pigman in Chief is now soothingly cooing that the U.S. bank's:
TWO...
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A couple of weeks ago as the markets were tanking and everyone was running around like a chicken with its head cutoff; i was quietly watching the markets, currencies and commodities and trying to decipher what was happening and all the while i notic...
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If you haven't traded in the currency markets, you're missing out on the largest financial market in the world.
Average daily trading volume in the global foreign-exchange markets (forex or FX markets) was $3.98 trillion in 2010, according to the Swiss-based Bank for International Settlements, and estimates...
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Gold Soars. Stock Markets Tank. US Debt Downgraded. China Calls for End to Dollar Dominance. Riots in London.
Devotees of Rapture Theory are likely wondering why they got left behind during the Tribulation. More worldly, modern perso...
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They must be watching cspan. Yesterdays house session was a farce.
link
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Americans are suffering from a lack of adequate savings to fund a comfortable retirement. Our growing debt burdens virtually assure us that the lofty living standards of today will soon be nothing more than a long forgotten memory.
Those ideas are now becoming more promulgated.
But what...
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Exporters to the US Lost the War on Deflation By Howard Simons Jun 14, 2011
Now that “financial repression” is well on its way to becoming today’s phrase that pays, let’s see whether exporters to the US can be included on the list of those wh...
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The "Pesofication" of the U.S. Dollar
By Martin Hutchinson, Contributing Editor, Money Morning
...
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I've dubbed this the "pesofication" of the U.S. dollar.
But we're really talking here about the dollar's long-term demise.
The pesofication of the dollar represents the end of the greenback as a major world currency and figures to be one of the major long-term challenges that we U.S....
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SPX, Dow, and USD Updates: Signals Still Conflicted
There are a number of conflicting signals and potentials, and trying to assimilate all of them into an overarching market plan is a bit challenging at the moment. On Friday, just about everything across markets was up: equities, the Dollar,...
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