Bank moves made to stave off financial crisis…
This Just in – Western Nation Central Banks Organize to Provide Daily Liquidity of Dollars in the Event of Contagion Bank Collapse…
This is rather remarkable and tells us something about the current status of the “western” financial system. The last sentence in today’s announcement from the FED is particularly laughable…
Funding Panic Imminent? Fed Quietly Sends $3.1 Billion to Switzerland Via Swap Line…
BofA Chief Investment Strategist Michael Hartnett has a favorite markets phrase that may be the only one a trader in this day and age needs: “Markets stop panicking when central banks start panicking.”…
Here it Comes: The Most Important Week of The Year…
The “most important week of the year” is finally here, when in addition to an avalanche of economic data including US payrolls, European PMIs, BOE and BOJ announcements, and the restart of US-China trade talks, we are in for a historic treat with the Fed set to cut rates for the first time in over […]
My Kuroda! Not a Single Japanese 10-Year Bond Traded Tuesday…
The Bank of Japan has vacuumed up so much of the government bond market — in excess of 40 percent — that it’s left fewer securities for others to buy and sell. Some other buyers, such as pension funds and life insurers, also tend to follow buy-and-hold strategies. That’s the backdrop to Tuesday’s session, when […]
My Political-Financial Road Map for 2017 by Nomi Prins…
The central bank subsidization of the financial system (especially in the US and Europe) that began with the Fed invoking zero interest rate policy in 2008, gave way to international distrust of the enabling status quo that unfolded in different ways across the planet. My prognosis is for more destabilization, financially and politically. In other […]