By Tyler Durden, This morning’s most remarkable market observation comes from DB’s chief credit strategist Jim Ried, whose chart of the day shows that the UK may be starting at galloping, runaway inflation of up to 7% as soon as April, the direct result of the insanity taking place in Europe’s energy markets. Picking up […]

By Tyler Durden, In a time when institutions are increasingly shifting away from fiat currency and looking toward cryptos, it is worth recalling that at least when it comes to central banks, there is no digital gold. There is just gold. To be sure, in a time of unprecedented economic and social turmoil, central bankers’ […]

By Brian Quarmby, “[Crypto] is a trend that has barely started — money is the easiest application and the Bitcoin use case started there,” said Bank of America. The Bank of America Corporation (BoA) has published a research report offering a bullish outlook for the long-term prospects of cryptocurrency. The report, published on Monday by BoA […]

By Tyler Durden, By Ven Ram, Bloomberg Markets Live Commentator and Analyst A sundial near Venice is engraved with the words, “Horas non numero nisi serenas.” That line — attributed to the philosopher William Hazlett — roughly means, “I don’t count the time that isn’t tranquil.” Modern-day central bankers have taken that adage to heart when […]

By Tyler Durden, Twenty banks (some suffering repeated outages), six countries (one in lockdown), five continents, tens of millions of unhappy customers. There’s never a good time for your bank’s IT system to go down. But few can be worse than in the middle of a lockdown. It’s difficult to leave home, your local branch […]

By Tyler Durden, The financial media is rife with misinformation on the debt ceiling and the jump in interest rates. However, a review of history shows that not only is the “debt-ceiling” issue a non-crisis, but the recent rise in rates is likely an opportunity to buy bonds. Let’s start with the media scare tactics over the […]

By Tyler Durden, Preliminary data showed no improvement in Americans’ sentiment in September, but the final print today showed a small rebound in confidence (and buying attitudes). The UMich final sentiment index rose to 72.8 from the preliminary reading of 71 (and better than the 70.3 expected). The gauge of current conditions rose to 80.1 from 77.1 […]

By Tyler Durden, There was little surprise in today’s third and final revision of Q2 GDP data, which came in just barely above consensus expectations, rising from 6.6% (or rather 6.560%) in the second estimate to 6.7% (6.720% to be precise), which was also higher than the 6.6% consensus. The number, while also higher than […]

By Tyler Durden, By Ven Ram, Bloomberg markets live commentator and analyst There is inflation in our midst, and it seems insidious. It’s the type that adds up quickly, works its way through the economy and finds it way straight and ominously into your wallet. Price of goods and services in some of the biggest G-10 […]

By Tyler Durden, For much of 2021, a vocal contingent of market bulls had claimed that there is no way the broader market could sell off as long as the gigacap tech “general” refused to drop. Well, it looks like that day is finally upon us because this morning US equity futures are sliding again, […]