Feb 12

Bloomberg Columnist Explains Why Fed Pays Interest on

A question on paying interest on excess reserves came up during Janet Yellen’s recent congressional testimony. Bloomberg writer Peter Coy offered…

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Feb 11

Yellen Discusses Negative Rates in Congressional Testimony, Gold

Negative rates have not worked for the ECB, Sweden, Japan, or Switzerland. Nonetheless, Fed Chair Janet Yellen is back on…

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Feb 10

Inflation Expectations Plunge: What, Me Worry?

Fed chair Janet Yellen keeps repeating the mantra “inflation expectations are well anchored”. They’re not, and I can prove it with…

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Feb 9

Capital Flight Intensifies in Italy and Spain; Curiously,

Money continues to pour out of Italian and Spanish banks for safer havens. This month I note a curious side…

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Feb 8

European Bloodbath Spills Over to US Markets: Deutsche

European Bloodbath A bloodbath that stated in Europe quickly spilled over into the the US markets today. European bank shares were…

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Feb 6

GDPNow Jumps to 2.2% Following Jobs Report: Atlanta

Following Friday’s mediocre jobs report, the Atlanta Fed GDPNow Forecast made a surprising leap. The GDPNow model forecast for real GDP…

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Feb 5

LinkedIn Plunges 43%, $11 Billion Wiped Out: Where

LinkedIn Plunges 43% Earlier today, in a strange twist of fate I exchanged emails with Georgetown University professor Salil Mehta regarding…

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Feb 4

Currency Wars and a Job Gain Recession?

I am entertaining the notion of a “Job Gain Recession“. A chart of year-over-year nonfarm employment shows that’s nearly what happened…

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Feb 3

Chicago on Brink of Bond Market Shutoff: Tax-Exempt

Verge of a Bond Market Shutoff The Chicago Board of Education is on the verge of a bond market shutoff. On January…

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Jan 28

Shocking Crash: Durable Goods Orders Plunge 5.1%, Shipments

Crash! Durable goods orders and shipments crashed in December. The Econoday Consensus Estimate for durable goods new orders was a 0.2% rise.…

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Jan 27

Oil Inventory Hits “Levels Not Seen in 80

"Levels Not Seen in 80 Years" The supply glut in oil storage continues as crude. Inventories hit new all-time highs this…

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Jan 25

Dallas Fed Region Activity Plunges to Lowest Reading

Those expecting a bounce in manufacturing following an alleged improvement in the Philadelphia Region were mistaken. In Philadelphia, all that really…

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Jan 22

China Openly Pledges to Sink the Yuan vs.

China Drops Dollar Peg If China was really serious about doing what every major country in the world does, it would…

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Jan 21

Is Mario Draghi a Bare-Assed Emperor With No

ECB Hints at March Stimulus ECB president Mario Draghi ignited the markets today with Hints at More Stimulus in March. Investors reacted…

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Jan 20

Shell Fires Another 10,000; Energy Layoffs Top 250,000;

Shell Fires Another 10,000 As reflective of trends in the industry Shell Fires 10,000 Workers As its fortunes collapse due to…

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Jan 19

Italian Banks Hammered; Bad Loans Hit €201 Billion;

Italian Banks Hammered Things don't matter until they do. For whatever reason, things in Europe are starting to matter. For example,…

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Jan 18

Hollande Declares “Economic Emergency” to Save Jobs –

Emergency Effort to Save Hollande's Job With a national election 15 months away and unemployment not falling, a crisis in France…

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Jan 17

Sanctions Lifted: Iran About to Unleash Tidal Wave

Futures this evening show Brent Crude is just over $28 a barrel, down another 3.4 percent. At one point futures…

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Jan 16

Weekend Entertainment Courtesy of Jim Cramer: “How I

The "Big" Rebound Those looking for a laugh this weekend need look no further than this video of Jim Cramer on…

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