Equity markets were again relatively quiet. There was some discussion regarding January’s CPI data. A plunge in January’s energy costs pulled the CPI down by 0.7%, the biggest decline since 2008 but ex food and energy, costs rose by 0.2%. The data confirmed the Fed’s...
There are number of countries that already have negative interest rates and JP Morgan was the latest money center bank who will begin charging large depositors a surcharge to hold their deposits. Will this force companies to begin expanding?...
What will be the tone of FRB Chair Yellen’s testimony? Moreover ECB President Draghi also speaks around the same time. Talk about massive headline risk....
Stocks rose handsomely on Friday on reports of a deal between Greece and its creditors. It is my understanding there is a four month extension of Greece’s aid if Greece meets conditions. In my view, most have acknowledged that in most scenarios Greece may not...
Markets were relatively quiet as a drop in energy shares offset speculation the Federal Reserve will keep rates lower for longer. ...
In a move few had expected, Sweden yesterday quietly fired another salvo into the escalating currency war by joining Denmark, Switzerland and the ECB in introducing negative interest rates....
I am very hesitant to comment there is little to write about yesterday’s market action for every time I pen such remarks, a dramatic event occurs....
About fifteen years ago the common mantra on Wall Street was that the business cycle is dead partially predicated by the mutlipolarity and interconnecting business relationships. Why would ABC go to war against XYZ for ABC owns businesses/lent money to XYZ. Economic interests would reign...
Reflecting upon the past several days, one would think equities would be down a gazillion points. To recap, little was accomplished regarding the Ukraine. Jordon, perhaps one of the weakest Middle East countries is aggressively pursuing ISIS. Greek is thumbing its nose at the ECB...
In my view January’s labor report was strong in many dimensions. Non-farm payrolls rose by greater amount in January than expected. More importantly the December’s and November’s were revised higher. The unemployment rate did rise to 5.7% from 5.6% but this was the result of...