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It's The Fed, Stupid; Why Kuroda And Draghi Are No Match For Quantitative...
Earlier today, Deutsche Bank - who last week won the sellside race to coin a new term for the unfolding EM FX reserve unwind - took a close look at the end of the "Great Accumulation" and what it means...
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What Declining Global Reserves Mean For Bond Yields: Goldman's Take
Don’t look now, but suddenly, the dynamic we began warning about last November is the talk of the financial universe and it only took one earth-shattering currency devaluation and the liquidation of a...
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"The Biggest Problems We Face Is That We’re All Flying Blind To A Large...
For everyone confused about the current state of the global financial situation, you are not alone. To help, here is DB's Jim Reid with a pretty good summary of where we all currently stand.From DB's...
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China Scrambles To Enforce Capital Controls (Which Is Great News For Bitcoin)
Officially, China has maintained quasi capital controls for years: on paper no individual is allowed to move more than $50,000 out of the country in any given year while Chinese companies can exchange...
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All Eyes On The ECB: Fearful Markets Pray Mario Draghi "Panicks"
"Markets stop panicking when policy makers start panicking" - BofA strategist Michael HartnettAll eyes will be on Mario Draghi on Thursday as expectations for something big from the former Goldmanite...
View ArticleRANsquawk Nonfarm Payroll Preview 4th September 2015
US Change in Nonfarm Payrolls (Aug) M/M Exp. 218K (Low 120K, High 253K), Prev. 215K, Jun. 223K US Unemployment Rate (Aug) M/M Exp. 5.2% (Low 5.1%, High 5.5%), Prev. 5.3%, Jun. 5.3%US Average Hourly...
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Previewing The "Most Important Jobs Report Ever" - What Wall Street Expects
Perhaps one of the most notable features of the upcoming nonfarm payrolls report - which those with a flair for the dramatic have once again dubbed the "most important ever" simply because it may...
View ArticleThe Season Of The Glitch (Or "Why Retail Investors Have No Chance")
Submitted by Ben Hunt via Salient Partners' Epsilon Theory blog,Over the past two months, more than 90 Wall Street Journal articles have used the word “glitch”. A few choice selections below:Bank of...
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For "Fearful, Erratic Markets", China's Reserves Are The New Risk-On/Off...
Don’t look now, but China’s FX reserves may become the market’s most important risk-on/ risk-off trigger. Just as the world finally woke up - with the standard two or three year lag - to what we’ve...
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Peter Schiff Warns: Meet QT - QE's Evil Twin
Submitted by Peter Schiff via Euro Pacific Capital,There is a growing sense across the financial spectrum that the world is about to turn some type of economic page. Unfortunately no one in the...
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Europe's Biggest Bank Dares To Ask: Is The Fed Preparing For A "Controlled...
Why did we focus so much attention yesterday on a post in which the IMF confirmed what we had said since last October, namely that the BOJ's days of ravenous debt monetization are coming to a tapering...
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Despite Upping The QE-Ante, Europe Will Sink Into Deflation, Trigging The...
Just one year after Mario Draghi reassured the market he would do ‘whatever it takes’ to ensure the inflation rate in the Eurozone will increase again, he seems to have been pushed back into a corner....
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Mass Confusion: Fate Of US Treasurys Is Great Unknown Amid China Dumping
This morning, we got the official data out of the PBoC which shows that China liquidated around $94 billion in FX reserves during the month of August. Taking the FX valuation effect into account the...
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More "Seller Strikes"? ECB Monetizes Fewest Bonds In August Since Start Of Q€
Back On May 19, ECB executive board member Benoit Couere caused a scandal of heretofore unseen proportions, when it was revealed that he had disclosed European central bank policy in private to a group...
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The Numbers Are In: China Dumps A Record $94 Billion In US Treasurys In One...
Shortly after the PBoC’s move to devalue the yuan, we noted with some alarm that it looked as though China may have drawn down its reserves by more than $100 billion in the space of just two weeks....
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Developed Market Stocks & Bonds Have Never (Ever) Been This Expensive
Thanks to the new normal world of extremely loose monetary policy and extraordinary accumulations of financial assets by Central Banks, Deutsche Bank finds that we live in a period not of selectively...
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Fed Hike Will Unleash "Panic And Turmoil" And A New Emerging Market Crisis,...
If it was the Fed's intention to make the upcoming rate hike seem like a welcome event, one that presaged a new Golden Age in the US (and global) economy because, lo and behold, the wise Fed would...
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The Fed Is About To Unleash Deflation: Deutsche Bank Shows How
When it comes to the Fed's upcoming rate hike, only one simple shorthand matters: higher rates means less liquidity, and vice versa. What does that mean for inflation/deflation and bond yields?...
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Weekend Reading: Rooting For The Bull?
Submitted by Lance Roberts via STA Wealth Management,This past week has seen a continuation of market volatility unlike anything witnessed over the last several years. Of course, this volatility all...
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To Hike Or Not To Hike (Fed, Economists, & Market Divided)
No matter what, it's going to be a close-call...Fed members notably split And investors’ conviction of rate hikes in 2015 has been drifting... Market pricing of the timing of lift-off has fluctuated in...
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