The ES 24 hour S&P futures looks ready to roll over as I write at 4:45 AM New York time. But being ready, and doing it are not one and the same. First, we need confirmation in the form of an hourly close below sport at 3889, accompanied by a downt…
The bloated body of Credit Suisse floated back to the surface this morning, throwing Europe into chaos. CS, by the way is a Primary Dealer, so this is a Fed problem too. I have pointed out through the years that only a minority, now 9 of the now 25 Fed…
Our faith in the wobbling world of hyper-financialization will soon be tested.
English football commentator Gary Lineker will be returning to the BBC’s landmark Match of the Day programme, after a weekend-long dispute with the news organization. Lineker was asked to step back from his role on Friday after he tweeted on his privat…
The 13 week cycle blasted off from its low and now has a projection of xxxx-xxxx due xxxxx xx- xxxx.xx. But wait! There’s more! Subscribers,…
If the bond rally were to continue, the problem of bank runs would be self mitigating. That’s because many of the assets that would need to be sold, could be sold at a profit. But the announcement of a Fed-Treasury-F-DIc bailout changes the equation. T…
For the week ended March 10, there were 3 charts with multiple buy signals as of Thursday or Friday. There were 482 multiple sells. It’s…
There is little risk of a crisis in the banking sector, but that does not mean there aren’t badly run banks. QE and Basel III have made the banking sector significantly more liquid and resilient such that a replay of the GFC is very unlikely. However, individual banks under poor management can still be subject […]
The Fed, US Treasury, F-DIC and PPT stepped up to the plate on Sunday to rescue the wildly imprudent big depositors of the Silly Con…
It’s Monday the 13th. Good luck with that.
The Fed and Treasury announced a bank bailout on Sunday in the hopes of forestalling bank run contagion. But while it sounds big and new, it’s really just a few tweaks to the old tried and true discount…