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We Witnessed The 3rd Largest Point Crash In Stock Market History On The Same Day That The 3rd Most Powerful Hurricane To Ever Hit The U.S. Made Landfall
We Witnessed The 3rd Largest Point Crash In Stock Market History On The Same Day That The 3rd Most Powerful Hurricane To Ever Hit The U.S. Made Landfall If you don’t believe in “coincidences”, what are we supposed to make of this? On Wednesday, the 3rd most powerful hurricane to ever hit the United States […]
US Treasury Issues More Bonds, But No One Wants Them
US Treasury Issues More Bonds, But No One Wants Them In an attempt to feed the soaring debt and spending habits of the United States government, the US Treasury is issuing more bonds. But they’ve run into a big problem: no one wants to buy those worthless bonds anymore. Debt is going to be a big problem […]
Hammer Time
Hammer Time Looks like somebody threw a dead cat onto Wall Street’s luge run overnight to temporarily halt the rather ugly 2000 point slide in the Dow Jones Industrial Average — and plenty of freefall in other indices, including markets in other countries. A Friday pause in the financial carnage will give the hedge funders […]
Amid Market Rout, Decade of “Financial Repression” Ends, Capital Preservation Suddenly is a Thing
Amid Market Rout, Decade of “Financial Repression” Ends, Capital Preservation Suddenly is a Thing This will dog the stock market going forward. Fixed-income investors – a financially conservative bunch buying Treasury securities, FDIC-insured CDs, and similar products that largely eliminate risk – have been getting crushed for a decade: Except for brief periods when inflation […]
IEA: Expensive Energy Is Threatening Economic Growth
IEA: Expensive Energy Is Threatening Economic Growth Expensive energy is back and it is threatening global economic growth, the International Energy Agency (IEA) said in its Oil Market Report on Friday, joining other organizations like the International Monetary (IMF) and OPEC that also expressed this week concerns about mounting challenges to economic and oil demand […]
Stock Market Chaos Sparks Oil Selloff
Stock Market Chaos Sparks Oil Selloff The plunge in global equities on Wednesday and Thursday dragged down crude oil, with even concerns about falling Iranian supply not enough to keep crude from a steep selloff. Brent fell more than 1.2 percent on Wednesday and was down another 1.5 percent in early trading on Thursday, falling […]
Wednesday’s Rout Was An 8-Sigma Event: The 5th Largest Tail Event In History
Wednesday’s Rout Was An 8-Sigma Event: The 5th Largest Tail Event In History With markets in rebound mode today, the sellside’s fascination with Wednesday’s sharp, unexpected selloff continues. In the latest “hot take” on Wednesday’s dramatic drop, Goldman’s derivatives strategist Rocky Fishman takes on a different approach to the Wednesday rout, looking at it in […]
The Fed’s Easy-Money Policies Aren’t Helping Income Growth
The Fed’s Easy-Money Policies Aren’t Helping Income Growth Back in August, Bloomberg interviewed Karen Petrou about her research on quantitative easing and the Fed’s policies since the 2008 financial crisis. What she has discovered has not been encouraging for people who aren’t already high-income, and in recent research presented to the New York Fed, she […]
The Myth Of The Eternal Market Bubble And Why It Is Dead Wrong
The Myth Of The Eternal Market Bubble And Why It Is Dead Wrong Economic collapse is not an event — it is a process. I’ve been saying this since the initial 2008 crash, and I suppose I will keep saying it until it burns into people’s minds because I don’t think that it is a […]
Zimbabwe spirals into economic chaos as fears of another round of hyperinflation begin to spark
Zimbabwe spirals into economic chaos as fears of another round of hyperinflation begin to spark Zimbabwe has a history of economic chaos and misery. In 2008, Zimbabwe had the second-highest incidence of hyperinflation in recorded history. The estimated inflation rate from November 2008 was 79,600,000,000%. Currently, citizens of Zimbabwe are stocking up on essentials such […]
Margin Call: Burst Of Sell Orders At 2:43PM Was Highest Since The Flash Crash
Margin Call: Burst Of Sell Orders At 2:43PM Was Highest Since The Flash Crash Earlier today, when looking at yesterday’s dramatic market plunge, we highlighted a note from BMO technical analyst Russ Visch who showed that, according go the NYSE “ARMS” Index which is a means of determining market strength or weakness by analyzing the […]
Of Course The Fed Is Crazy
Of Course The Fed Is Crazy Pieter Bruegel the Elder The Triumph of Death 1562 Finally financial ‘markets’ go through a substantial dip, which Steve Mnuchin claims is just temporary and Donald Trump says is caused by the fact that the Fed is ‘loco’. Mnuchin may well be right, but it won’t be because he […]
ECB Hands Italy An Ultimatum: ‘Obey EU Budget Rules Or We Won’t Save You’
ECB Hands Italy An Ultimatum: ‘Obey EU Budget Rules Or We Won’t Save You’ With the Washington Post stepping up to put a floor under US stocks Thursday afternoon by reporting that President Trump would meet Chinese President Xi Jinping at next month’s G-20 summit (while the headline soothed the market, it doesn’t change the […]
The Gold Standard: Protector of Individual Liberty and Economic Prosperity
The Gold Standard: Protector of Individual Liberty and Economic Prosperity A Piece of Paper Alone Cannot Secure Liberty The idea of a constitution and/or written legislation to secure individual rights so beloved by conservatives and among many libertarians has proven to be a myth. The US Constitution and all those that have been written and […]
