Futures Resume Overnight Levitation Mode
The grind higher in equities, and tighter in credit, continues as markets brush aside concerns about a December taper for the time being. Overnight futures levitation has pushed the Fed balance sheet...
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Deutsche Bank: "We Think Something Structurally Changed Since The Great...
The topic of whether central banks have destroyed the global business cycle to the point where all we have is phase jumps from one bubble to another (with an intervening depression in the interim)...
View Article"Something Has Changed" In Overnight Trading As Futures No Longer Track...
It has been another session of overnight weakness, in which, to quote Deutsche Bank, "something has changed" as ES algos no longer track every tick of the EURJPY (or other JPY pair variants). Usually...
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Charting The Unquenchable Investor Thirst For Kool-Aid
Thanks to the "pulling forward" of future production in the channel-stuffing-based inventory build of Q3, consensus estimates for the growth of the US GDP in Q4 2013 has collapsed to new lows for this...
View ArticleFrontrunning: Friday 13
Presidential Task Force Recommends Overhaul of NSA Surveillance Tactics (WSJ)Monte Paschi's Largest Shareholder Says It Will Vote Against $4.1 Billion Capital Increase (WSJ)SAC Reconsiders Industry...
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Five Years After ZIRP Began, Here Are The Biggest Winners In The Weakest...
As Deutsche Bank kindly reminds us today, on Monday it will be exactly 5 years since the Fed made the historic move to drive interest rates to zero (well, 0-0.25%) where they have remained ever since....
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9 Key Considerations To Protect Deposits From Coming Bail-Ins
Today’s AM fix was USD 1,222.75, EUR 891.22 and GBP 750.89 per ounce.Yesterday’s AM fix was USD 1,243.50, EUR 902.79 and GBP 758.51 per ounce.Gold fell $26.40 or 2.11% yesterday, closing at...
View ArticleDeutsche Bank Investigated In Gold Manipulation Probe
A month ago, regulators in Europe began their investigation into manipulation of the "London gold fixing" (and we explained the methods here). While the complete history of gold manipulation goes a lot...
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Guest Post: What If There's A Recession In 2014?
Submitted by Gonzalo Lira via Gonzalo Lira blog,If policymakers were gunfighters, they’d be out of bullets: They have run out of effective policy tools to improve the economy.So the question is simple:...
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"Twas The Night Before Taper" - Deutsche's Joe LaVorgna Sees A $10 Billion...
There seem to be two camps at Deutsche Bank these days: one, lead by the observant and somewhat contrarian Jim Reid, who recently asked the all important question about 2014 ("what if there is a...
View ArticleBiting The Hand That Bails You Out: JPM Sues FDIC
There is a saying: "don't buy the hand that feeds you" but there is nothing in popular aphorism literature about suing the hand that bails you out. Which is precisely what JPM did overnight when it...
View ArticleOvernight Market Summary
Overnight one of the main stories is that the European Union has been downgraded to AA+ from AAA by S&P. While the market digests the impact of the downgrade, all eyes remain on the US treasury...
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Fund Of Funds Implosion Forces Conversion Of Ever More Hedge Funds Into...
In a world in which the Chief Risk Officer of the formerly free capital markets, Ben Bernanke, has made any downside hedges obsolete (and as a result hedge funds have posted 5 years of returns without...
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"Rich Will Keep Getting Richer In 2014" - In 2013, Top 300 Billionaires Added...
All the pundits who preach an economic recovery in the US always fall strangely silent when asked to share their thoughts on the following chart (taken from the St. Louis Fed), showing the annual...
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The Good, The Bad and The Ugly: Gold in 2013 and the Outlook for 2014
Download GoldCore Outlook For 2014CONTENTS- Introduction- Review of 2013- Gold and Silver Have Torrid Year - Fall 27% and 35% Respectively- Year Of Paper Selling But Robust Physical Demand - Especially...
View ArticleDeep Freeze Day Market Summary
Markets may be open but the prevailing topic of conversation everywhere across the US will be the weather on what is said to be the coldest day in 20 years. So for those walking in and eager to catch...
View ArticleIf You're Waiting For An "Economic Collapse", Just Look At What Is Happening...
Submitted by Michael Snyder of The Economic Collapse blog,If you are anxiously awaiting the arrival of the "economic collapse", just open up your eyes and look at what is happening in Europe. The...
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It's 8am, Do You Know Where Your Precious Metals Smackdown Is?
Following some early strength in the Asia session, which saw Gold over $1255 (its highest in a month), the European session has seen pressure on the precious metals leak lower. That 'leak' was then...
View ArticleThe Oversold Cat Bounces: The Full Market Recap
Following yesterday's major market drubbing, in which the sliding market was propped up by the skin of Nomura's (and BOJ, and Fed's) teeth at 103.00 on the USDJPY, it was inevitable that with Japan...
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What Comes Next: A Refreshing Dose Of Very Surprising Truthyness From...
One would never expect the following dose of unstatus quo-like truthyness to come from Europe's mega bank (with a few tens of trillions of derivatives on its books). Yet, that's exactly the source,...
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