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BoJ QE Exit “Out Of The Question,” Former Official Says As Morgan Stanley...
We’ve long said that a dramatic and sustained spike in JGB yields would be catastrophic for Japan, whose central bank is onboarding the entirety of gross issuance onto its balance sheet and whose...
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US Data and Fed to Drive the Dollar in the Week Ahead
Ideas the US economy had returned to a growth path that was sufficiently strong to permit the Federal Reserve to begin normalizing monetary policy have been challenged by the disappointing string of...
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Core Consumer Prices Jump Most Since March 2006 Thanks To Surging Healthcare...
The market appears to have chosen the hotter-than-expected Core CPI print (as opposed to weakest headline CPI YoY print since Oct 2009 of -0.2%) as key. Core CPI rose 0.3% MoM in April – the most since...
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Why The US Consumer Is About To be Crushed: The Obamacare Inflationary Deluge...
For the past three years, the biggest argument supporters of Obamacare would trot out every single time when faced with opposition to the mandatory tax, would be that despite widespread predictions of...
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Yellen Warns “Rate Hikes Appropriate This Year”, Blames “Snowy Winter”– Live...
Traders looking to get an early start on the holiday weekend will have to wait a bit longer today, as Janet Yellen is set to speak to a sold-out audience at the Providence, Rhode Island Chamber of...
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Dollar Bulls Regain the Whip Hand
The US dollar had a good week. Indeed, the Dollar Index’s 3.3% rise was its best weekly performance since last September. After looking rather bleak, the divergence theme struck back with a vengeance....
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With All Major Markets Closed For Holiday, Here Are The Major News
With US markets closed for the Memorial Day holiday, and some of the key European markets likewise shuttered for public holiday including the UK, Germany and Switzerland, it is difficult to find where...
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“Graccident” Will Trigger The Demise Of The ECB And The World’s Toxic Regime...
Submitted by David Stockman via Contra Corner blog, It is not surprising that in a few short months Yanis Varoufakis has proven himself to be a thoroughgoing Keynesian statist. After all, what would...
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“The Fed Has Been Horribly Wrong” Deutsche Bank Admits, Dares To Ask If...
The reason why Zero Hedge has been steadfast over the past 6 years in its accusation that the Fed is making a mockery of, and destroying not only the very fabric of capital markets (something which...
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With The Spread Between CPI And PCE Blowing Out The Most Since 2009, Is The...
With a small possibility that later today the Fed may hike rates for the first time in nearly a decade, and if not today then in 65 days (per the Bank of America countdown to the repeat of the “Ghost...
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“Calm Reigns” Everywhere As Greece Inches Closer To Default, China Crashes
In what is perhaps the most glaring instance of central bank intervention yet, Reuters today captured the market mood as follows: “Calm ruled Europe’s stock and currency markets on Friday as Greece...
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The Mystery Of The “Missing” Inflation Solved: Record Number Of US Renters...
Looking at a long-term chart of the BLS’ core CPI chart or the Fed’s preferred inflation metric, the Core PCE, reveals that the US is patiently trudging below the Fed’s goalseeked goal of roughly 2%...
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China Plunges Most Since 2008, Points Away From Bear Market; Greek Drama...
Following yesterday’s furious market drop in Chinese stocks, just before the overnight open, Morgan Stanley came out with a much distributed report urging investors “Not to buy this dip”, and so they...
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Chinese Stocks Drop, End Worst Month Since August 2009; US Equity Futures Flat
In a repeat of Thursday’s action, Chinese stocks which had opened about 1% lower, remained underwater for most of the session before attempting a feeble bounce which took the Shanghai Composite...
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Italy Youth Unemployment Hits Record High 44.2%, Concerns Rising “Recession...
Earlier today, Eurostat released the two most important data points for Europe: inflation and unemployment. On the former, there was no surprise at the headline level which remained at 0.2% for the...
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The Fed’s Bathtub Economics Brigade Blathers On, Part 1
Submitted by David Stockman via Contra Corner blog, In case you are wondering what the meaning of “some” is—-don’t bother. It’s just the same old Fed ritual incantation, chanted in 2/2 “cut time”. That...
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Observations about the Dollar and the Week Ahead
A fragile stability has returned to the Chinese currency and stocks. With the help of the Social Democrats, the German parliament is likely to endorse Greece’s third aid package, even if a rump of...
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Consumer Prices Rise At Slowest Pace Since 2014 As Airfares Plunge, Car Costs...
US Consumer Prices (CPI) missed expectations MoM with a mere 0.1% rise (half the expected 0.2% rise). Core CPI (ex food and energy) rose just 0.1% – its weakest growth since Dec 2014 with the biggest...
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Sep 10 – Hilsenrath: Agreement on September Hike Eludes the Fed
EMOTION MOVING MARKETS NOW: 13/100 EXTREME FEAR PREVIOUS CLOSE: 13/100 EXTREME FEAR ONE WEEK AGO: 10/100 EXTREME FEAR ONE MONTH AGO: 14/100 EXTREME FEAR ONE YEAR AGO: 42/100 FEAR Put and Call...
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The Dollar may Consolidate Before Moving Higher
The US dollar rose against all the major and emerging market currencies over the past week, save the Russian ruble, which gained about 1.5%. Comments from several Fed officials, and most notably...
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