Global Intelligence
Markets
The below recently declassified transcript of an internal meeting between Kissinger and his advisers shows an alarming degree of incompetence from all sides. Remember, this was during a period of great economic turmoil, after the Nixon Shock, and the infancy of the modern Forex market as we know it. There are those who believe in […]
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From Charles Smith, Of Two Minds: The rise in equities does not mean stocks “buy” more commodities in the real world–they buy less. If the new highs in the Dow Jones Industrial Average (DJIA) are so wonderful, why does one share of the Dow-30 buy less than it did 14 years ago? What does a nominal […]
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The Fed’s Bill Dudley admitted what many of us already suspected. The Fed has no clue how QE would affect the markets. Such a statement from a high level Fed official is unusual, and a very telling sign. From Zero Hedge: Well, it took three years, but finally the Goldman Sachs-based head of the New […]
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A convergence of US/EU bond spreads sends an ominous message about the comparison between the false US recovery/QE program and the EU crisis. From Zero Hedge: Forget “the 1%-ers”, meet the 3%-ers. As US Treasuries sell-off and European bonds continues to surge, the 3% handle on government debt is becoming a crowded trade with the […]
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Another government is going after Bitcoin, the anonymous virtual currency gaining momentum as traditional asset classes are questioned. In a surprise move, the Indian government has raided one Bitcoin seller and urged citizens to not use the virtual currency: Having failed miserably in the “control” of capital outflows from the Rupee (via Gold), the India government […]
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There may have been a day when markets were truly free, achieving price discovery through the simple mechanism of supply and demand for capital to assets. That day has long past, we can argue about when it happened. But now, many markets, most notably financial markets, commodity markets, the stock market, are highly controlled. Talk […]
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Saxo Bank does an annual predictions report before the new year, anticipating wildcard events that might impact the markets. See the full report here: TF_OutrageousPredictions_2014 Here’s a few highlights: According to Saxo, there’s a chance that Germany falls into recession, while France’s CAC 40 index could plunge 40pc from this year’s peak. But the predictions […]
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Bitcoin has crashed to $576 and recovered a bit, all in a matter of days, down from it’s high by more than 50%. It was inevitable that a few short days after Wall Street lovingly embraced Bitcoin as their own, with analysts fromBank of America, Citigroup and others, not to mention the clueless momentum-chasing, peanut gallery vocally […]
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The big market debate is when the Fed, if at all, will taper. Taper means they will not necessarily end the QE program but decrease it. But another school of thought thinks the Fed may even increase the QE program. But here’s the strange thing, the Fed said we would be at 7% when the […]
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Professor Laurence Kotlikoff- Fed Printing 29 Cents of Every Dollar Uncle Sam Spends The Intergenerational Financial Obligations Reform Act | THE INFORM ACT
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