Archive - Mar 9, 2013 - Blog entry
EVeRYONe KNoWS: CaSH Is TRaSH...
Submitted by williambanzai7 on 03/09/2013 21:11 -0500Save yourselves, buy stocks!
CIA Head Sworn In On Draft Constitution WITHOUT Bill of Rights
Submitted by George Washington on 03/09/2013 16:37 -0500Stunning Symbolism
FRBNY Swap Update
Submitted by CalibratedConfidence on 03/09/2013 13:17 -0500This past week a near doubling of the amount to the ECB coincides with the Fed's non involvement with the direct bailout of European banks from $4,192 million to $8,343 million.
Buy India, Sell China
Submitted by Asia Confidential on 03/09/2013 12:00 -0500Consensus suggests India is a basket case while China is recovering. We think both views are incorrect and therein lies opportunities for contrarian investors.
On Closing the White House
Submitted by Bruce Krasting on 03/09/2013 10:10 -0500All of D.C. is going to look dumb before this is over. Obama might get the award for deliberately mismanaging the process.
Currency Positioning and Technical Outlook: Dollar Frustrates QE Bears
Submitted by Marc To Market on 03/09/2013 07:24 -0500
The US dollar rose to new multi-month highs against several of the major currencies, including the euro, Swiss franc, British pound and the Japanese yen. The BOJ, BOE and ECB meet last week and none changed policy. The Swiss National Bank meets on March 14 and is also unlikely to change policy. The Federal Reserve meets the following week and is widely expected to stay its course. It is not monetary policy then providing the new trading incentives.
Nor can the dollar's gains be attributed to political uncertainty in Europe stemming from the inconclusive Italian elections, as was the case previously. The immediate shock has worn off and Italian stocks and bonds have recovered the lion's share of those initial losses.
