Marc Faber - Negative Rates Will Not End Well, Emerging Markets
• https://www.lewrockwell.comFaber- Central Banks will not help economy
ON AIR NOW
Click to Play
Faber- Central Banks will not help economy
Despite collapsing earnings expectations and weaker than expected macro data, US equity markets have 'lifted off' since mid-February erasing the entire year's losses...
Bond Shortage!
Over the past month we have documented the surreal reemergence of China's latest housing bubble (recall the first one burst in early 2014 which forced Beijing to reflate the stock market bubble, which also burst over a year later), in recent articles
The longer-term effects of Brexit are … likely to be adverse. Most studies suggest that economic growth would suffer.
Nikkei futures rallied post-Fed into the Japanese open (despite weakness in USDJPY) and then when trade data struck (and exposed the utter failure of competitive devaluation), everything went into freefall. The Nikkei crashed 700 points and USDJPY p
One reason given for the contention that investors should fade Draghi's latest "package" is that, to quote Deutsche Bank, "we are one hawkish Fed statement away from a re-pricing."
In early November, we said that far from the traditional risk factors affecting China's economy, including the slowing economy, the stock market (and now housing 2.0) bubble, the soaring NPLs, and record debt,...
"Rampant Hedging" One week ago, the market was disappointed when Goldman's head commodity strategist, Jeffrey Currie pointed out the obvious, namely that the higher the price of oil rises, the greater the probability it will tumble shortly, as a resu
We wonder if this sentiment has been revised now that Bloomberg actually has the "big picture", and realizes that the only thing pushing the market higher is bond issuance (courtesy of central banks) whose proceeds are used to immediately buy all the
Human beings have come up with some crazy ideas for money and finance over the years. Conch shells. Beads. Animal skins. Salt. Rice. All of these were used as a form of money at one time or another.
It was a chaotic day on Thursday, punctuated by the European Central Bank's announcement that it would further cut interest rates and increase the size of its quantitative easing program.
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.