The 25-year anniversary of the Russia/LTCM collapse offers a timely reminder of the perils of leveraged speculation. A series of Wall Street Journal articles [...]
Mohamed El-Erian: “I worry that the economic and policy signals coming out of this Federal Reserve press conference may come across to many as both confused [...]
September 14 – Financial Times (Martin Arnold and Mary McDougall): “The European Central Bank has raised interest rates to an all-time high in a bid to [...]
Global market “risk off” is gathering momentum. China’s currency declined another 1.06% versus the dollar this week to the weakest level since 2007. The [...]
S&P500 futures were up 0.7% immediately following the release of Friday’s August payrolls data. Non-farm job gains of 187,000 were marginally above the [...]
While economists won’t ratchet Q3 growth estimates up to match the Atlanta Fed GDPNow’s 5.9%, forecasts will be moving higher. The Unemployment Rate is [...]
China’s Bubble deflation has entered the acceleration phase. Going forward, Crisis Dynamics will be increasingly unpredictable and difficult to control. [...]
The lazy days of such a sweltering summer are not when Wall Street would typically be on the lookout for market junctures. Bonds might be at a one: the [...]
The two-year versus 10-year Treasury spread narrowed 20 bps this week, the largest narrowing since the banking crisis week of March 17th. Ten-year Treasury [...]
Please join Doug Noland and David McAlvany this coming Thursday, August 3rd, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q2 recap [...]
Markets assume that a 25 bps rate increase at the FOMC’s meeting next Wednesday will wrap up the Fed’s tightening cycle. The rates market is pricing in [...]
I might have titled this week’s CBB “Wednesday.” But even I will (on occasion) draw a line on quirkiness. Wednesday was another extraordinary market [...]
