A problem has developed in the paper gold market since the early September highs. Here's one way the problem could resolver itself...
Central Banks are in VERY serious trouble. By creating a bubble in sovereign bonds, they were hoping to corner all risk. The problem with this, is that in order to create this bubble, they had to print trillions of dollars worth of money and use this money to buy
The USA is in a “fiscal inferno” where the fiscal gap is 10 times higher than the acknowledged public debt of over $20 trillion.
it’s also worth noting that the beta of the VIX spot index to the S&P is currently -18.99, also a record since Sep-08.
The mere mention of a "Minsky moment" -- a sudden crash of markets and economies that are hooked on debt -- is enough to send shudders through policy makers.
Howard Marks sees "cautionary signs" in the market and holds a tepid outlook for financial markets over the long term.
New home sales surged 18.9% in September, the largest monthly gain since 1992. New home sales rose sharply in the northeast and the south. Homebuilders are doing quite well compared to the S&P 500 index. The two natural disasters (Harvey and Irma) certainly destroyed a substantial amount of the housing stock and caused population displacement.
...yet has created the fewest net new full time jobs & real income increases since WWII.
President Xi Jinping walked onto the red carpet of China’s Great Hall of the People on Wednesday having amassed more power than any leader in a generation.
Janet Yellen’s only advocate in the White House may be the one person who matters most: President Donald Trump.
U.S. stocks slumped as investors sifted through the latest batch of corporate earnings, while the dollar fell with Treasuries amid speculation recent moves had gone too far too quickly.
Baltic central bank heads saw the biggest pay rises last year
Feeble inflation means stimulus is likely to be stretched out.
"Petro-yuan" is making the rounds again in various mainstream and alternative media outlets. Here's the latest on the story that refuses to go away...
Central banks "did their job" according to Martin Wolf in @FT. @MarkGB disagrees.
Jim Rickards with an advanced warning of trouble ahead, coming out of the "New Rome" — and reinforced by Wall Street...
Canadian reliance on housing has never been greater in the form of loans secured by property reaching an all time high...
Shortly after Mexico announced it would increase its FX hedging program due to inflation fears
The bond bears may finally be having their moment.
The U.S. Senate moved Tuesday to overturn a rule aimed at making it easier for customers to sue banks, handing financial firms a big win in their battle against post-crisis regulations.