Archive - May 2013 - Blog entry
May 10th
Abenomics Brings Currency Wars to G7 Talks
Submitted by GoldCore on 05/10/2013 09:46 -0500
As the global economic slump continues central bankers, such as Mario Draghi, and politicians have vowed “to do whatever it takes” to get economies back on track. Such policies while having near term benefits are considered extremely risky in the longer run by many commentators as they could beckon runaway inflation or stagflation, with ruinous results.
Shinzo Abe unleashed his plan with the blessing of the Bank of Japan to begin aggressive government bond purchases. This has led to a massive growth of 60% on the Nikkei and is deflating the yen and boosting their exports.
Race to Zero in High Yield Credit
Submitted by SurlyTrader on 05/10/2013 08:43 -0500Is high yield the new risk-free asset class...
Preparing Resources To Shop For Distressed Assets As Banks Refuse To Come Clean On Near Fraudulent Reporting
Submitted by Reggie Middleton on 05/10/2013 06:13 -0500Now, with a paper trail a mile wide that shows that Irish banks' a) need capital b) regulators flip flop regularly and c) will likely puke assets to deleverage, it's time to start strategizing what to do next...
Two Drivers Lift Dollar, Pressure Yen
Submitted by Marc To Market on 05/10/2013 05:38 -0500The yen is weak AND the dollar is strong. Two forces at work. Discuss.
May 9th
Short Note on Falling Yen
Submitted by Marc To Market on 05/09/2013 20:04 -0500Why is the yen falling now and some thoughts about what's next.
Stocks Are Officially in a Blow Off Top
Submitted by Phoenix Capital Research on 05/09/2013 12:18 -0500
When this bubble bursts, interest rates will already be at zero and the Fed’s balance sheet swollen with garbage debts. The Fed and other Central Banks WON’T have the usual tools available to save the day.
The EU’s Out-Of-Control Intelligence Services (That Don’t Exist, Officially)
Submitted by testosteronepit on 05/09/2013 11:39 -0500Four of them are beyond any kind of democratic control, beholden only to the elite club of unelected Eurocrats, the European Council.
Consumers Snap Up Gold & Silver Jewellery
Submitted by GoldCore on 05/09/2013 11:19 -0500
Jewellers across the world are seeing a surge in jewellery purchases because consumers are taking advantage of the price drop and purchasing investment pieces that will grow in value over time.
In the USA with Mother’s Day approaching this weekend, consumers like Whitney Court who would normally buy flowers instead wants to purchase something that won’t wilt: a silver necklace.
ECB Shifting Balances
Submitted by Marc To Market on 05/09/2013 09:59 -0500More thoughts on the ECB's balance sheet and why a negative deposit rate is unlikely.
German Factory Orders UP, US Down
Submitted by Pivotfarm on 05/09/2013 06:19 -0500On Tuesday morning at 6 AM EST German Factory Order numbers were released that showed a plus 4 percent gain month over month. Yet last Friday, May 5th US Factory orders were released that showed a negative 4 percent growth rate month over month. Yesterday, German Industrial Production showed a gain of 1.2%.
May 8th
Where is the Vol?
Submitted by SurlyTrader on 05/08/2013 18:25 -0500Is the low implied volatility a harbinger of good things to come, or just one final act in luring the sheep to the yield chasing slaughter...
UNHaPPY EURO AuSTeRiTY DaY 2013!
Submitted by williambanzai7 on 05/08/2013 16:37 -0500May Nein 2013...
WFC 10-Q: The Diminishing Returns of Quantitative Easing
Submitted by rcwhalen on 05/08/2013 13:26 -0500The diminishing returns of the Fed's quantitative easing are very evident in the latest WFC results.
