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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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The PBOC said explicitly that it’s now forbidden for financial institutions to develop any business related to Bitcoin. But they left it open that the public is free to participate in such transactions, so long as they bear the risk. FT adds: The Chinese regulators noted three main risks. First, they said Bitcoin was an […]
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When the “Bond King” who manages the world’s largest bond fund at Pimco loses sleep, we should ask why. Bill Gross is famous (or infamous) for writing self-certified philosophical pontifications of the markets. In his latest, he agrees with his partner Mohamed, but that the “T” the markets might experience might resemble more a “winged […]
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In a roller coaster ride of a high of $1242 and current price near $868, Bitcoin is volatile like the markets during the credit crisis. From Zero hedge: From it’s gold-matching highs at $1242 on Thursday night, the price of Bitcoin has collapsed 31% to $868 on heavy volume. Of course, this is only a one-week low […]
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Bitcoin is continually being driven higher by a number of forces, such as gaining credibility by now being legally accepted by merchants, being discussed as currency in front of the US Senate, and a general fear of paper currencies collapsing. From Zero Hedge: UPDATE: … And then Bitcoin collapses 13% minutes later… [5] It […]
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Due to the spotlight being shined on large banks accused of manipulating the Forex market, traders are noticing and recording ‘odd’ events that would be too much of a coincidence to happen by chance. An anonymous Zero Hedge author notes: With regulators finally catching on that banks are manipulating every asset class, the largest of […]
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As the Senate is convening it’s first hearing on ‘digital currencies’ (but specifically Bitcoin) it has surged above $600/USD which is a record high. One reason for the surge ahead of the Senate hearing could be partially fuelled by the fact that you can now buy Real Estate in China with Bitcoin: Bitcoin acceptance in […]
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The US Fed is really breaking new ground for something that’s never been done before, monetizing capital markets at an unprecedented level. RBS released data today showing that the Fed is monetizing 70% of net bond supply: The following statement and chart from the RBS’ Drew Brick pretty much explains it all: “QE has seen […]
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