Category Archive: Finance
Presenting Spain’s “Part-Time” Recovery
Spain’s economic data lost all credibility once the local bureau of economics, statistics and other goalseeked numbers decided to arbitrarily start adding what it estimated was the “contribution” from not only local drug dealers but also hookers. No surprise then that the government has proudly declared quarter after quarter that Spain is one of Europe’s most boom economies. […]
Small Business Optimism Rises, But Sales Expectations Remain Weak
The latest issue of the NFIB Small Business Economic Trends is out. The update for April came in at 96.9, a 1.7 point increase from the previous month. The index is now at the 33rd percentile in this series. The Investing.com forecast was for 95.8. Here is the opening summary of the news release. The Small Business Optimism Index […]
Financial Repression Authority With Egon Von Greyerz
Gordon T. Long discussing with Egon Von Greyerz Founder & Chairman of Matterhorn Asset Management GoldSwitzerland. Video Length: 00:33:33
EUR/USD Chopping Away At The 100 EMA
The EUR/USD pair initially broke higher during the course of the session on Tuesday, but pulled back significantly. We are closing the day just above the 1.12 handle, and while that is somewhat bullish, we have been essentially going nowhere over the last several sessions. As you can see on this chart, the 100 day […]
Saudi Arabia Continues To Turn Screws On U.S. Shale
Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers. According to OPEC’s latest monthly oil report, Saudi Arabia boosted its oil output to 10.31 million barrels per day in April, a slight increase over the previous month’s total of 10.29 million barrels. That was enough for the de facto OPEC […]
The Shrinking Economic Pie
Macro Strategy Review, May 2015 by Jim Welsh with David Martin and Jim O’Donnell, Forward Markets The global economic pie is shrinking relative to the growth rates of the past and that’s a problem. According to the International Monetary Fund’s (IMF) World Economic Outlook database, worldwide gross domestic product (GDP) growth during 2013–2014 averaged 3.10%, compared to […]
Yields Are Collapsing On Short-End
The amount of cash rushing around on the short-end is stunning. Yields are collapsing into negative territory and this is the same flight to quality we began to see at the peak in the crisis back in 2009. The big money is selling the 10 year or greater paper and everyone is rushing into the […]
View From The Hill: May-12-2015
Commentary Due to travel, there are no comments this evening. I was certainly not at a loss for things to say as I made quite a few noteworthy observations in today’s market, but there simply was not enough time due to schedule conflicts and other priorities. (Please see performance summary table below) ETF Capital Markets Performance […]
Gold Closes Higher On Weak Dollar, Equities
Gold settled up $10.25 at $1193.81 on Tuesday, helped by weakness in the dollar and equities, but rising yields on U.S. Treasuries and German Bunds capped gains. The market initially moved lower but found enough support around the 1180 level again to turn things around and challenge the 1199/7 resistance. Uncertainties in the major stock markets […]
Europe Preparing Greek Bankruptcy Loan “In Event Of Grexit”
Earlier today, we learned that, contrary to what Greek government officials had been implying for the better part of a week, Athens did not have enough money to make a €750 million payment to the IMF on Tuesday. Instead, Greeceborrowed most of the money (€650 million according to unnamed officials) from its IMF SDR reserves. This […]
