
| URL : | http://www.zerohedge.com | |
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| Filed Under: | Business & Finance | |
| Posts on Regator: | 28720 | |
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| Archived Since: | February 18, 2011 | |
We’re now five years into the worst recovery in the post-WWII period. Based simply on historical business cycles, we should already be out of recovery and into a “growth” stage for the US economy. This should have happened even with barely any stimulus from the Fed. Show More Summary
Things are escalating quickly... with US Treasuries beginning to look a lot like JGBs: the 5Y soared +18bps to the highest since August 2011, the 10Y +13.5bps touches 2.32% widest since March 2012, 30Y +8bps, and so on. There is no joy in Newport Beachville.
With markets now showing their true colors (pricing in the inevitable beginning of a taper), the next hour or so of double-speak and talking out of both sides of his mouth may well be the most important in the career of Ben Bernanke...
Perhaps the biggest red flag in today's FOMC release is the quarterly economic projections which improved from March with the Fed expecting better GDP and employment, offset by lower core and PCE inflation from 2013 all the way to 2015:...Show More Summary
UPDATE: Of course, it wouldn't be the US equity market if it didn't instantaneously rip higher and revert to VWAP after the high volume drop... Stocks - sold; Bonds - sold; Gold - sold; USD - bought.
The much-anticipated statement of the most powerful body in the world is upon us - FED MAINTAINS $85 BILLION MONTHLY PACE OF BOND BUYING FED SAYS LABOR MARKET SHOWS `FURTHER IMPROVEMENT' FED SAYS DOWNSIDE RISKS DIMINISHED SINCE AUTUMN...Show More Summary
While bond markets are selling off (in anticipation of 'Taper'?), and equity markets are flat; it seems the equity market hedgers are not afraid anymore. After rising notably last week, VIX futures are being hammered lower as we head into the big announcement. Profit-taking on vol curve steepeners or a picture of complacency?
We reported last year: Democratic Senator Wyden – the head of the committee which is supposed to oversee it – is so furious about the lack of access that he has introduced legislation to force disclosure. Republican House Oversight Committee...Show More Summary
With 45 minutes left to go, only one thing matters: what does Goldman think (the other issue of whether Jan Hatzius shared a meal with Bill Dudley at the Pound and Pence will remain unknown until the next batch of Dudley daily "minutes" are released in a few months). Show More Summary
It seems yet another conspiracy theory has become conspiracy fact thanks to a Chinese whistleblower. While the shrodinger-like nature of Chinese data has been keeping the market guessing for the last few years, the disconnects between hard-data (e.g. Show More Summary
Today’s AM fix was USD 1,366.00, EUR 1,019.86 and GBP 874.91 per ounce. Yesterday’s AM fix was USD 1,378.50, EUR 1,030.35 and GBP 880.32 per ounce. Gold is marginally higher today but remains near the lowest level in four weeks, as a...Show More Summary
Three years ago we wrote "On The New York Fed's Editorial Influence Over The WSJ" in which we observed, courtesy of declassified documents by the Sigtarp exposing the involvement of then-Goldman and New York Fed director Stephen Friedman...Show More Summary
The following three minutes of absolute perfection uttered by CNBC's Rick Santelli is dangerous for anyone living in Kyle Bass' "intellectually dishonest" alter-world of denial and "unicorns and rainbows" as the Chicagoan goes off on the ignorance of everyone in these so-called markets. Show More Summary
The latest casualty of Europe's berserk pursuit of tax evaders everywhere: not some Russian oligarch with a $1 billion Cypriot bank account but famous Italian designers, Dolce and Gabbana. WSJ reports that a Milan court has convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. Show More Summary
Not sure if this one fits with the "fairness doctrine" or the "inconvenience" paradigm (where the government is here to protect you in exchange for ceding all those pesky constitutional amendments), but moments ago yet another "conspiracy...Show More Summary
The Fed will announce its moves today at 2PM. There’s really no telling what will happen. The markets have become truly schizophrenic. For instance, stocks continue to rally as though more QE is coming. However, Gold, which has leadShow More Summary
Via Ralph Dillon of Global Financial Data, In today’s markets, when we discuss Wood/Lumber prices as a commodity, it is often related to home building and used by some as a economic indicator as a strength or weakness in the home building segment. Show More Summary
Since the only topic on everyone's mind until 1:59:59:9999 pm today (excluding those who have been leaked the FOMC decision in advance of course) will be what the Fed will do, here are some additional perspectives from former FOMC secretary...Show More Summary
Follow ZeroHedge in Real time on FinancialJuice A new banking report is published today in the UK. There are jobs that nobody wants to do really, aren’t there? As your kids are growing up, you hope they don’t ask you one day to come and sit down as they have something serious to talk to you about. Show More Summary
Submitted by Lucas Jackson, “Don’t cry because it’s over. Smile because it happened.” -Dr. Seuss There have been a number of things that have happened in Brazil over the last year or so that could have sparked some to say that the good times experienced during the Lula years were officially over. Show More Summary