Jul 31

Greek Stock Market Reopens (sort of); Math Perspective

The Greek news of the day is Greek Stock Market to Reopen, With Restrictions. Restrictions People cannot draw on their Greek bank…

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Jul 30

Which Will It Be: United States of Europe

Socialists Seek to Outvote Germany In the wake of the near-Grexit, France and Italy seek more powers for the European Commission…

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Jul 29

Fed Sheds No Light, Plays Charades with Media;

Fed Says Little, Sheds No Light If the Fed had a clue as to what it will do in September, it…

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Jul 28

Another Bridge Loan Likely as Greek Talks Break

Greece insists it has met all of the conditions for another bailout, but only one vote matters, that of the…

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Jul 27

Chinese Stocks Plunge 8.5%, Biggest Decline Since February

The crash in Chinese stocks continued today following a respite last week. Shares on the Shanghai index plunged 8.48%, the Biggest…

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Jul 26

Record Eurozone Borrowing: Public Debt Rises With Recovery;

The eurozone is supposedly in a state of recovery. However, in spite of that recovery, public debt and debt-to GGP…

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Jul 25

Fed Staff Accidentally Posts Bearish Economic Forecast and

The Fed created quite a stir by inadvertently posting documents on its website. The documents revealed some expected things, as…

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Jul 24

Hedge Funds Net-Short Gold First Time in History;

After being net long all the way from $1900 to $1100, Bloomberg reports Hedge Funds Are Holding First-Ever Gold Net-Short…

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Jul 23

Gearing Up for More War in Ukraine?

In spite of near continuous ceasefire breakages on both sides in Ukraine, media has turned its attention elsewhere, especially to…

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Jul 22

Watching Yields Rise: Are Treasuries a Buy?

From mid-2012 until the beginning of 2014, US treasuries were in a steep decline (yield rising) in expectations of Fed…

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Jul 21

SuperBull Club: RBC Ups Morgan Stanley, Says Bull

SuperBull Club RBC Capital Markets chief U.S. market strategist Jonathan Golub joined the SuperBull Club today. Golub says Years Left to…

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Jul 20

Another 5 Years to Bull Market? Plenty of

The bulls are attempting to outdo each other as often happens at or near market tops. But who's to say…

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Jul 19

Huge Queues Form as Greek Banks Open; More

Greeks want their money. Who can blame them? But why did they foolishly have money in the bank in the…

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Jul 18

Obama’s Nuclear Deal With Iran: Rare Victory for

Historic Deal On Tuesday, President Obama, World Powers, and Iran agreed on a Historic Nuclear Pact phasing out economic sanctions in…

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Jul 17

Bank of Canada Admits Recession: Shades of Voldemort;

The Bank of Canada admitted on Wednesday that Canada was in Recession. Well sort of. Bank of Canada Governor Stephen Poloz…

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Jul 16

Bailout Marches On, Decision Makers Ignore IMF; Schäuble

As the Greek bailout marches on, no one that matters dares ask the pertinent question: How can Greece pay back…

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Jul 15

China Denies its GDP is Inflated; Chinese Stocks

China Denies GDP Inflated Chinese GDP came in at 7% beating estimates (not that anyone really believes it, and I sure…

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Jul 14

Deflationary Pressures Unabated; Another One-Hit Wonder; Transitory Tales

Another One-Hit Wonder In spite of counterproductive attempts by the Fed and Central Banks to foster price inflation, debt overhang has…

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Jul 13

Breathtaking Political Capitulation; Tsipras Should Resign; Tsipras Trades

Shockingly Stupid Sequence of Events I am seldom stunned by political stupidity. In fact, I am surprised when I don't see…

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