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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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One Question Dominates: Correction or Reversal?
There is a sense that the markets are at crossroads. Many suspect there has been a trend change. The reason for many to buy the dollar was the Fed was going to raise interest rates. Lift-off may...
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Rents Are Soaring BLS Admits, As Core CPI Comes In Hottest In Over A Year
While the September Consumer Price Inflation report was in line with expectations, with the headline CPI declining -0.2% in the month – the biggest monthly drop since January – and unchanged from a...
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Buying Panic Fizzles As Option Expiration Looms
In the absence of any key economic developments in the Asian trading session, Asian stocks traded mostly under the influence of the late, pre-opex US ramp momentum courtesy of another day of ugly...
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Goldman Mocks “Constitutionally Dovish” Fed, Sees December Rate Hike Odds At...
One month ago, in the aftermath of the FOMC decision which stunned all WSJ-polled economists who were certain a rate hike was imminent by not hiking, instead blaming its on Chinese and global weakness,...
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Peak Debt, Peak Doubt, & Peak Double-Down
Via Scotiabank's Guy Haselmann, Time to Hike RatesIt makes little sense to me why the market is only pricing a 6% probability of a rate hike at the October meeting, 30% for December, and only a near...
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Truth Is Being Suppressed By The Tools Of Money
Excerpted from Artemis Capital Management letter to investors, Dorothy Thompson once said “peace is not the absence of conflict”. Never forget there is a form of peace and stability reinforced by a...
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What Will Mario Draghi Announce Tomorrow: Here Is What Wall Street Thinks
Tomorrow morning Mario Draghi is widely expected to if not announce an extension, or expansion, of the ECB’s QE program, than to at least jawbone sufficiently, and push the EURUSD lower from its...
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How The U.S. Government “Covers Up” 72% Inflation Before Your Very Eyes
Dear Bureau of Labor Statistics: please pay careful attention to this case study of how your CPI “inflation” gauge, hedonically, seasonally-adjusted or otherwise, is completely inaccurate, and how what...
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Futures Fade Overnight Ramp After BOJ Disappoints, Attention Returns To...
Back in September we explained why, contrary to both conventional wisdom and the BOJ’s endless protests to the contrary, neither the BOJ nor the ECB have any interest in boosting QE at this – or any...
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Goldman Maps Fed’s “Flight Path”, Sees Steeper Trajectory For Rates
On Tuesday, we got the latest egregious example of regulatory capture with the appointment of Neel Kashkari to the Presidency of the Minneapolis branch of the Eccles cabal. Here’s what we said: At a...
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Healthcare & Housing Cost Surge Sparks Biggest Rise In Core Consumer Prices...
Following September's strongest Core CPI gain since June 2014, October accelerated that modestly with CPI ex food and energy rising 1.9% YoY. Broad CPI rose 0.2% YoY (slightly better than the 0.1%...
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Goldman Releases Its Top 6 Trades For 2016… And The Three Biggest Risks
Moments ago, just two days after it was closed out of its Top Trade for 2015 (“to be short EUR/$ via a 1.00 – 0.95 put spread (initially struck at 1.20-1.15 with spot at 1.25), which expires out of the...
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Japan To Unleash Inflation… By Fabricating Data
The great thing about statistics is that you can make them say pretty much whatever you want them to say. Although good statisticians generally try to build in all kinds of safeguards to ensure that...
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Giving “Thanks” To The Fed – Holiday Dinner Has Never Been More Expensive
As you’re probably aware, the Fed has a hard time spotting asset bubbles. Just as there was no housing bubble in 2006 according to the honorable and exceptionally “courageous” Ben Bernanke, there’s no...
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Core CPI Rises 2.0% Driven By Surging Rents, Giving Fed Green Light To Hike Rate
Just hours before the FOMC sits down in the Marriner Eccles to discuss just how it will announce the first rate hike in 9 years, 7 years to the day after it cut rates to zero, it got the best gift from...
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Bears Beware: Dennis Gartman Is Having None Of This Rally
Yesterday, when futures were at the lows somewhere below 2000 and just above the Fib 50 retracement, we said that “bulls may have one final trump card up their sleeve: Gartman is now actively adding to...
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“In Short Janet, It’s Too Late”– Albert Edwards Calls It With These Seven Charts
In the aftermath of the Fed's first rate hike, SocGen's famous skeptic and "Ice Age" deflationista, Albert Edwards, who formerly called Alan Greenspan an "economic war criminal", unloads on Yellen and...
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Frontrunning: December 18
Oil heads for third straight weekly loss as supply weighs (Reuters) BOJ’s $2.5 Billion ETF Boost Seen Having Little Impact on Stocks (BBG) Japan core CPI seen flat in November, household spending down...
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The Fed Never Solved The Mystery Of The “Missing Inflation”, And Now It Has A...
Back in June, this website first “solved” the “mystery” behind America’s missing inflation, when we showed that a record number of US renters are unable to afford housing, suggesting that record...
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