Silver prices have been sideways this week, cooling off from a mid-June rally sparked by inflation-minded investors wary of the U.S. Federal Reserve’s dovish talk. But the second half of the year looks good – here’s why …
Just when you thought that nothing could be worse than bubble blindness of Greenspan and Bernanke—- along comes the Yellen doctrine of “resilience”. Its dangerous Keynesian blather, and far worse than Greenspan’s feigned agnosticism which held that the Fed does not have the capacity to recognize financial bubbles in the making and should therefore mop them…
The reality is that nothing has been done to address the structural rot at the heart of the U.S. economy.Opinions about the U.S. economy boil down to two views: 1) the recovery is now self-sustaining, meaning that the Federal Reserve can taper and…
My convo with a wealth manager at a megabank who’s been at it for 30 years, has seen three crashes while on the job, but unlike others in finance, hasn’t re-forgotten the lessons for the third time.
If you are a bank or even a money market fund, you probably want your financials to show the maximum amount of your overnight liquidity placed with the Fed’s RRP rather than with other banks. Your balance sheet looks less “risky” this way. And since mo…
Early openers treading warily: Kiwis +0.1%, Aussies +0.7%, Nikkers -0.1% and Sth Korea -0.3%.
In Aussie sectors, Gold +1.4% leading the way followed by IT and Miners both +1.1%.
Hallelujah! I can finally access the new Census Bureau report on May factory orders! These final numbers for the month …
Accordingly, the exists will be jammed like never before when the corporate bond self-off inexorable arrives. The speed and violence of the re-pricing is only hinted at by the thundering collapse of securitized mortgages that occurred in the fall of 20…
The best laid plans of economics bloggers, I’m re-learning this morning, gang aft agley due to dysfunctional government websites. So my analysis of today’s final report on May factory orders will have to wait till the Census Bureau gets its on-line act together.
Is the New Normal of ever-higher stock valuations sustainable, or will low volatility lead to higher volatility, and intervention to instability?