caseyresearch.com / Chuck Butler / February 27, 2015
In This Issue.
* Bullard springs trap door under euro. * Chuck explains how the Pfennig is put together. * N.Z. kiwi proves to be resilient. * Richard Russell says Gold price to be reset.
And Now. Today’s A Pfennig For Your Thoughts.
Sweden Buys Bonds, […]
mises.org / Brendan Brown / FEBRUARY 27, 2015
In terms of theatrical impact, the first performance of the Republican majority in the Senate responding to semi-annual testimony from Fed Chair Yellen was a dud. That is bad news for US monetary reform.
The root cause of the theatrical failure is that a winning strategy […]
zerohedge.com / by Tyler Durden on 02/26/2015 17:50
While conflicting economic data leaves hope for both buills and bears, Alan Greenspan warns that, unlike Yellen, “US economic growth is not strong.” He then slays another pillar – suggesting the exuberant job growth is anything but (as he focuses on weak productivity as he pinpoints […]
acting-man.com / Pater Tenebrarum / February 26, 2015
Image credit: mevans
We want to focus on a specific aspect of the current money supply expansion in this part. The topics of “price inflation”, as well as investment and production will be discussed in a follow-up post shortly.
Let us consider the mechanics […]
davidstockmanscontracorner.com / by David Stockman / February 26, 2015
What in god’s name does Janet Yellen think she is doing? Just a few weeks ago she established the ridiculous Fedspeak convention that “patient” means money market rates will not rise from the zero bound for at least two meetings. Now she has modified that […]
zerohedge.com / by Guy Haselmann via Scotiabank / /2015 12:43
Violets aren’t Blue
Long dated Treasuries will rally from here; particularly into the spring as we exit the March refunding. The shortage of high-quality positive-yielding bonds will only be exacerbated further by the ECB’s QE program which begins on March 1st. Presently, there are $4 […]
marctomarket.com / by Marc Chandler / February 26, 2015
US prices are falling. The 0.7% decline in US consumer prices was the largest monthly drop since December 2008. Consumer prices in January fell 0.1% from a year ago. The last time the year-over-year CPI was negative was when the US economy was just beginning to […]
marctomarket.com / by Marc Chandler / February 26, 2015
Sterling and the dollar-bloc currencies are firm, but the euro and yen remain confined to well-worn ranges. The US dollar is vulnerable to poor economic news in the form of a negative year-over-year CPI print, especially given that Fed hike expectations have not been rebuilt […]
jessescrossroadscafe.blogspot.com / 25 FEBRUARY 2015
This market feels heavier than it looks.
It is hard to judge ‘sentiment’ because the market is being almost totally dominated by a few institutions, a handful of very large trading desks, and a swirling crowd of HFT hit and run predators.
So given this concentration of power, the […]
wolfstreet.com / by Wolf Richter / February 25, 2015
Fed Chair Janet Yellen was outright chipper in praising the progress of the US recovery, unequivocally the result of the Fed’s finely crafted and delicately applied multi-year handiwork, though she also saw some minor wrinkles still to be ironed out.
What mattered to the markets, it […]
dollarcollapse.com / by John Rubino / February 24, 2015
Business Insider’s Myles Udland just posted a chart, drawn from research by the Bank of England, showing interest rates for the past 3,000 years. And for all those who’ve been feeling like today’s “new normal” is actually profoundly abnormal, here’s your proof. It turns out that […]
traderdannorcini.blogspot.com / Dan Norcini / Tuesday, February 24, 2015
I am referring to the gold price in the above title. By that I mean, whatever market participants think as to when the Fed is going to make the first move higher, will determine whither gold goes. You tell me what interest rates will be in […]
marctomarket.com / by Marc Chandler / February 25, 2015
The dovish take to Fed Chair Yellen’s testimony yesterday has continued to weigh on the dollar and support global bond markets. Equities are mixed with the major markets lower while emerging markets have rallied. The MSCI Emerging Market equity index is up about 0.8% to […]
zerohedge.com / by Thad Beversdorf / 02/25/2015 08:44 -0500
Janet Yellen once again repeats that the economy is “looking stronger” although still it has yet to manifest into actual strength. In fact, it is still so weak that the Fed cannot even suggest that rates will raise anytime over the next several FOMC meetings. In […]
mises.org / John P. Cochran / FEBRUARY 25, 2015
There is a sliver of good news on the central banking front. Given the Fed’s poor performance before and after the 2007–08 financial crisis and Great Recession, and its now recognized 100 year history of failure, at least some members of Congress, even without Ron […]
zerohedge.com / by Tyler Durden / 02/25/2015 07:00 -0500
Following the first of two Janet Yellen testimonies to Congress, the market read between the lines of what the Fed Chairman said when she hinted that “the Fed needs confidence on recovery and inflation before beginning to raise rates” and realized that the case of […]
zerohedge.com / by Tyler Durden on 02/24/2015 21:15
As the dash-for-trash continues in US equities, Neuberger Berman sums up the state of investing currently,“there has certainly been little reward for owning high-return, superior business models that are conservatively financed,” as Bloomberg notes, Fed policy has had the “unintended consequence” of boosting the stocks of companies […]