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The Fed’s Bathtub Economics Brigade Blathers On, Part 1
Submitted by David Stockman via Contra Corner blog, In case you are wondering what the meaning of “some” is—-don’t bother. It’s just the same old Fed ritual incantation, chanted in 2/2 “cut time”. That...
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The Tide Has Turned And These Charts Predict The Next Stop
Submitted by Thad Beversdorf via FirstRebuttal.com, What we saw with the latest GDP reports is something truly remarkable. A market that was explicitly told the past 4 years of economic growth had...
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US Consumption and UK Wages Highlight the Week Ahead
The easier monetary policy trajectories in the eurozone and Japan are taken for granted. The debate has been over the timing of the normalization in the US and the UK. Talk that had emerged recently...
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In Hasty Judgments and Exaggerations Lie Investment Opportunities
China’s Premier Zhou Enlai was asked in 1972 about the political consequence of the French Revolution, and he famously quipped it was too early to say. Even if, as historians recognize, Zhou was...
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Aggressive Chinese Intervention Prevents Another Rout, Sends Stocks Soaring...
After a 5 day tumbling streak, which saw Chinese stock plunge well over 20% and 17% in just the first three days of this week, overnight the Shanghai Composite was hanging by a thread (and threat)...
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September Rate Hike Back On Table: Q2 GDP Soars In Revision From 2.3% To 3.7%...
Well, if the Fed is truly data-dependent, September is now squarely back on the table following the first revision of (double seasonally-adjusted) Q2 GDP data which soared from 2.3% to a whopping 3.7%,...
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Aug 28 – Fed George: Prepared for Rate Hike, Despite Selloff
Follow The Market Madness with Voice and Text on FinancialJuice EMOTION MOVING MARKETS NOW: 12/100 EXTREME FEAR PREVIOUS CLOSE: 5/100 EXTREME FEAR ONE WEEK AGO: 11/100 EXTREME FEAR ONE MONTH AGO:...
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China Surge Continues, Futures Slide As Jittery Market Looks For Jackson Hole...
Overnight’s start attraction was as usual China’s stock market, where trading was generally less dramatic than Thursday’s furious last hour engineered ramp, as stocks rose modestly off the open only to...
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Fed Fails – American Spending Growth Is Weakest Since March 2011
Core personal consumption growth in July was just 1.2% – the weakest since March 2011. Whatever The Fed is doing to grow the middle class (yes, yes, we know: that’s not in the mandate – only the...
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Atlanta Fed Cuts Q3 GDP Forecast To A Paltry 1.2%
Earlier today, following the disappointing July personal spending data and yesterday’s record surge in inventories as part of the spike in Q2 GDP, we predicted that the Atlanta Fed would cut its...
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Fed’s Lacker Says “Strong Case For Rate Hike… August Jobs Data Won’t Change...
With just 20 minutes to go until the latest most important jobs report ever in the history of man, Richmond Fed Chief Lacker just explained why "the case for raising rates is still strong"… LACKER:...
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Fed Mouthpiece Confirms FOMC Concerns On Global Market Turmoil
Just hours ago, we asked if the Fed’s unofficial media mouthpiece had leaked the Fed decision when a WSJ colleague took to Twitter and, quoting Jon Hilsenrath, said the following: “For Yellen, who...
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Yellen “Do-Over” Speech – Live Feed
Highlights YELLEN:STILL SLACK BUT LABOR MARKET MADE CONSIDERABLE PROGRESS YELLEN:RISK INFL EXPCTS GET UNMOORED TO DWNSIDE, WARRANTS EASE YELLEN: BELOW 2% INFL LIKELY DUE TO TRANSITORY FACTORS YELLEN...
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Futures Surge On Renewed “Hopes” Of Fed Rate Hike, Sliding Yen
Just one week after the Fed overwhelmingly voted to keep rates unchanged, in a move that was seen as a painfully dovish admission that neither the global nor the US economy are growing at anything...
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Final Q2 GDP Revision Spikes To 3.9% From 3.7% On Jump In Consumer Spending
While the final Q2 GDP revision released moments ago by the Bureau of Economic Analysis is a largely meaningless number looking at the performance of the economy some 3 months ago, it will still set...
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Low Oil Prices – Why Worry?
Submitted by Gail Tverberg via Our Finite World blog, Most people believe that low oil prices are good for the United States, since the discretionary income of consumers will rise. There is the added...
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It’s Time For Negative Rates, Fed’s Kocherlakota Hints
If you’re a fan of dovish policymakers who are committed to Keynesian insanity, you can always count on Minneapolis Fed chief Narayana Kocherlakota who, as we’ve detailed extensively, is keen on the...
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The Stock Market Rally… To Nowhere
Submitted by Lance Roberts via STA Wealth Management, Has Consumer Confidence Peaked? The latest reading of consumer confidence (103 for September) was a bit of head-scratcher. With the market in the...
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3 Things: The Fed Is Screwed
Submitted by Lance Roberts via STA Wealth Management, The LMCI Index Says The Fed Is Late Again In May of 2014, the Federal Reserve began discussing a newly designed labor market index to help support...
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Did The United Nations Just Call For The Decriminalization Of All Drugs?
Submitted by Carey Welder via TheAntiMedia.org, News circulated Monday morning that the United Nations had officially called for the decriminalization of all drugs in a brief, two-page report. Richard...
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