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Tag Archives: Central Banks
The Extremely Overvalued & Top Heavy U.S. Stock Market
Caveat freaking emptor. After the Fed effectively fully nationalized the financial markets by bailing out junk bonds on April 9th, turning Wall Street into a Soviet Sausage Factory, almost any type of analysis, which was on its way out anyway, … Continue reading
Are Central Banks Ready To Break Their Codependency?
Breaking our radio silence as we couldn’t help ourselves after reading former NY Fed President William Dudley’s piece imploring the Fed to stop enabling Trump’s trade war. It sounds like central bankers are starting to realize they are, and have been, … Continue reading
Posted in Monetary Policy, Uncategorized
Tagged Bill Dudley, Central Banks, Codendency, Enablers
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Gold Makes Its Move
The near futures closed over $1,300 for the first time since last June. We will add if Monday’s price can stay and close above $1,300. Markets perceive central banks are caving. Help keep the lights on at the Global Macro Monitor. … Continue reading
Who Is Funding The U.S. Budget Deficit?
Here is a little teaser for our coming post on the Treasury market, which should be out tomorrow. The latest data is from the Flow of Funds just posted by the Federal Reserve Board (FRB). Note, less gold (Fed) and … Continue reading
Posted in Capital Flows, Charts, Debt, Fiscal Policy, Politics, Uncategorized
Tagged Central Banks, Deficits, QE, Who is Funding the budget deficit
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Watch These Spaces
It seems like an eternity since our January 28th Sunday night post, Watch This Space. The S&P500 had closed at the high of the day on Friday and also what was the high of 2018. We warned to watch the … Continue reading
Posted in Bonds, Currency, Global Stock Performance, Uncategorized
Tagged bonds, Central Banks, Mario Draghi, Stocks
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The Bond Gold Correlation
We have written quite a bit about the dynamics driving the gold market. See here and here. As the short covering rally in the bond appears over and the Fed ramps up for more rate hikes, global PMIs and inflation … Continue reading
Are we trusting central bankers too much? – FT
Navigating the global economy out of the financial crisis has been entrusted to central bankers. But have we too much confidence in them? Gilles Moëc, chief European economist with Deutsche Bank, analyses with capital markets editor Ralph Atkins the tough … Continue reading
Central Banks (and Stock Markets) Gone Wild
(click here if video is not observable)
Central banks brace for stormy weekend
(click here if video is not observable)
Posted in Black Swan Watch, Euro, PIIGS
Tagged Central Banks, ECB, Fed, Greek elections, Greek exit
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Global Central Bank Watch
This Week Reserve Bank of Australia; Bank of Canada; Reserve Bank of New Zealand; Bank of England. Past Week: Rate Hikes – Pakistan +50bps; Hungary +25bps; Thailand +25bps; Other – Brazil increased the reserve requirements on term deposits to 20% … Continue reading