Gold •160 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •10 mins | 949.50 | +0.40 | +0.04% | |
WTI Crude •10 mins | 69.05 | +0.46 | +0.67% | |
Gasoline •13 mins | 1.968 | +0.011 | +0.57% | |
Ethanol •160 days | 2.161 | +0.000 | +0.00% | |
Silver •160 days | 30.82 | +1.16 | +3.92% |
Silver • 160 days | 30.82 | +1.16 | +3.92% | ||
Copper • 160 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 10 mins | 72.64 | +0.45 | +0.62% | ||
Natural Gas • 10 mins | 3.214 | +0.051 | +1.61% | ||
Heating Oil • 11 mins | 2.203 | +0.017 | +0.77% |
Contributor since: 26 Feb 2010
Geopolitical risk erupts and a hedge fund titan speaks candidly. Hedge fund manager Stanley Druckenmiller rightfully attained "legendary" stature after achieving a phenomenal 30-year track…
Action at the "periphery of the periphery." "The job of an economist, among many other duties, is to put things into perspective. So, because I…
Dr. Yellen, you just condoned "Terminal Phase" excesses. I have liberally excerpted from Janet Yellen s July 2 speech to the International Monetary Fund: "Monetary…
Fed hawks are beginning to make some noise. Earlier in the week BlackRock's Larry Fink commented on CNBC: "A Bubble is predicated on leverage." Fink…
Add meltdown in Iraq to the long list of geopolitical risks. As follow-up to last week's quarterly "flow of funds" analysis, I'll take a brief…
Signs of an upside dislocation... Total (financial and non-financial) Credit jumped $484bn during Q1 to a record $59.399 TN, or 347% of GDP. Although economic…
A synchronized melt-up in global risk markets. May 30 - MarketNews International (Brai Odion-Esene): "Former Bank of England official Adam Posen believes there is undue…
The short squeeze was back. "To the astonishment of almost everyone in the room, Angela Merkel began to cry. 'Das ist nicht fair.' That is…
Tepper and Summers offer valuable insight. I'll begin with a few of this week's notable market moves. The euro/yen declined another 82 bps, increasing its…
Could things possibly be any more fascinating? Representative Kevin Brady: "I'll conclude with this. My main concern, having served on the committee in the early…
How long can the markets ignore Ukraine, Russia and China? After beginning 1987 near 104, the dollar index dropped almost 10% in nine months. From…
Originally posted April 27, 2013. Trouble brewing. Over the years, money and the "Moneyness" of Credit have remained focal points of my Macro Credit Analytical…
Yellen comforts New York - and the Bulls. "Fundamental to modern thinking on central banking is the idea that monetary policy is more effective when…
Selling is starting to get serious. "Each Spring, thousands of government officials, journalists, civil society organizations, and invited participants from the academia and private sectors,…
Initial indications of greed giving way to fear. April 3 - Bloomberg (Silla Brush): "The U.S. Commodity Futures Trading Commission is reviewing futures markets to…
Equity market internals have turned increasingly unsettled. In last Wednesday's press conference, Janet Yellen upset the markets with her comment suggesting that the Fed might…
Putin takes Crimea, China devalues and Yellen has a shaky debut. Last week I posited that "Ukraine and China posed clear and present dangers to…
The Ukraine and China pose clear and present danger to global markets. March 13 - Financial Times (Miles Johnson): "In the 'Truman Show', the late…
Ominous geopolitical meets exuberant markets. During Q4 2013, Total System Credit increased (nominal) $840bn to a record $58.991 TN, or 345% of GDP. On a…
Developments in China and the Ukraine weren't enough to restrain the exuberant bulls. For someone deeply engaged in monetary theory and policy, Thursday was special.…