Mario Draghi unleashed his most audacious stimulus package yet, unexpectedly testing the lower bounds of all the European Central Bank's interest rates and expanding its monthly bond purchases by a third. The euro sank and stocks rose.
The euro is ripping higher after a big drop that followed the European Central Bank's announcement that it was cutting interest rates.
This RT article provides us a momentous summary of the world's latest Cold War. It is "The BRICS Versus the Anglosphere."
The spread between the 30Y US Treasury yield and 2Y has plunged by 7.5bps this morning (as 2Y sells off and 30Y rallies post-Draghi) to 175bps. This is the flattest curve since Dec 2008 lows (at 172bps) which can only bode poorly for financials...
Central Banks Are About To Leave Fiat Addicted Stock Markets In Agony: "The Most Unstable Economic Conditions Possible"
Oil prices should fall, possibly hard, in coming weeks. That is because fundamentals do not support the present price.
The casino is incorrigible.
Bank of America Merrill Lynch is cutting jobs in its global banking and markets business on Tuesday.
The IMF is plugging Keynesian economic nonsense today in the wake of a huge and unexpected plunge in Chinese exports.
Canada plans to experiment with giving people unconditional free money … Finland and the Netherlands have already shown their interest in giving people a regular monthly allowance regardless of working status, and now Ontario, Canada is onboard.
When Carmelo Haddad and Francisco Ghersi invested half their hedge fund's money into a soon-to-mature Venezuela bond in mid-January, only two outcomes were possible: the trade could go horribly wrong or it could pay off fabulously.
In the 14th century, the Medici family of Florence began its rise to prominence, investing profits from a thriving textile trade to fund what would become the largest banking institution in Europe.
There's a lot of talk going around these days about "helicopter money."
---$1 Trillion Of New Credit In First Two Months of 2016
To the casual observer, Saudi Arabia might seem like an emboldened nation that is asserting itself.
The missing piece from the economic recovery has finally materialized. Median household income, adjusted for inflation, is now higher than it was before the recession that began at the end of 2007, according to new data published by Sentier Research.
Borrowed...Morgan Stanley's settlement for $3.2 billion pales in comparison to what they borrowed.
In a stunningly honest and frank rant, FOX News' Judge Jeanine unleashes anchor hell upon Mitt Romney and the GOP establishment hordes.
The basic idea of a balance sheet recession (attributed to Richard Koo) has been well-publicized: when the liability (debt) side of household and business ledgers reach danger heights, stakeholders respond by reducing debt and increasing savings rath
On Monday, officials from the EU and Turkey are gathered in Brussels to do some talking about the refugee crisis that threatens to tear Europe apart at the seams. And make no mistake, "talk" is probably all they'll do.
The 7th largest economy on the entire planet is completely imploding.
The time is nigh. The crash is coming. It's waves can be felt pulsing through the system, foretelling its arrival.
In the middle of a heated battle against my jetlag yesterday, I finally decided to exercise the nuclear option and turn on CNBC in order to stay awake.
Brazil's economy shrank by 3.8 percent in 2015, the government said Thursday, with the biggest contraction in 25 years set to push the Latin American giant into its worst recession for more than a century.
It has often been said (and rightly so) that Japan is in many ways the canary in the coal mine of the global economic collapse.
In the middle of a heated battle against my jetlag yesterday, I finally decided to exercise the nuclear option and turn on CNBC in order to stay awake.I figured someone would say something completely ridiculous, and it would get my blood boiling enou
The tens of millions of taxpayer money wasted at the G-20's Shanghai soirée had a silver lining. The assembled masters of world finance came up with a big fat zero on the coordinated global stimulus front.
Canadian Prime Minister Justin Trudeau is urging global leaders to rely more on government spending and less on monetary policy to spur growth as he prepares a budget that will push his country into deficit.
Pacific Investment Management Co. says it's time to buy U.S. junk bonds. And the money manager is not alone.
Financial cos. will be hard-pressed to meet long-term growth expectations as decades of credit expansion come to an end and central-bank policies and tighter regulations squeeze profits, writes Janus's Bill Gross in monthly outlook.