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US Bonds: Waiting for the First Rat

US 10yr Notes have had a tough few days with yields rising some 15bp. If a few days yield rise of 15bp can be described as “tough” what word would one choose to describe government debt trading in Ireland lately. Yields on Irish 10yr government debt rose by more than 60bp today, making the total…

Cracked Economic Reports Not as Cracked Up To Be

Two key economic reports out today require closer scrutiny. Their positive readings may not be all that they appear to be on the surface. Both the MBAA’s Mortgage Applications Index and the weekly unemployment claims were reported as positives this morning. But just how good were they? Follow the money. Find the profits!Liquidity is money.…

Do We Need Another World War?

Ask the average guy on the street if we need another world war and he might respond with, “We need another world war like I need a hole in the head.”   Yet, there are medical conditions which can be solved by holes in the head, such as cranial swelling, i.e. when your brain gets too…

Housing Review- From Really Really Bad to Worse – Professional Edition

The NAR should report a temporary uptick in closed sales for October as contracts were up in August, but contracts plunged sharply in September to new lows for this decline. This was the worst September sales wise since the housing collapse began. Purchase mortgage applications remain buried near record lows, a condition that has persisted…

Cathartic monetary disorder, Part III

In the part 2 I was discussing the dollar peg. Today the topic is the dollar sterilization. How does sterilization work? In order to avoid excessive inflation Chinese dollar asset purchases must be sterilized. It is done by increasing bank reserve requ…

Cathartic monetary disorder, part II

In part 1 of this article I wrote that I believe in strong monetary cooperation between all three reserve currency stakeholders:  the USA, Europe and Japan. As Japan is suffering the most from deflation it got carte blanche from other two to engage in…

The Worst Housing Indicator In The World

This post is exceprted from The Worst Housing Indicator in the World posted October 27 in the Wall Street Examiner Professional Edition. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction…

It’s Just Too Gross

by LimeJuice2 Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s Liquidity Trader tracks and shows…

The Worst Housing Indicator in the World – Professional Edition

Purchase mortgage applications remain buried near record lows, a condition that has persisted for 5 months. That means that housing sales data over the next two months will continue to be terrible. And in spite of what you heard from the media, the data reported this week was all negative. Prices were down 1% in…