• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

One Minute Macro Update - The Long Overdue Peripheral Meltdown Resumes

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Wed, 03/09/2011 - 08:55 | 1032478 hugovanderbubble
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the mega default of Europe is coming

End the Euro Farce

Wed, 03/09/2011 - 08:56 | 1032481 Zero Debt
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First the ECB makes emergency loans. Then they raise rates. It's simply good banking business sense.

Wed, 03/09/2011 - 08:56 | 1032485 squexx
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The tap dance goes on.....

Wed, 03/09/2011 - 09:04 | 1032496 Oh regional Indian
Oh regional Indian's picture

Teh elite playbook is exposed with one simple line across a map.

Gepolitics is it, finance is second fidddle, a dying entity(in it's current form anyways).



Wed, 03/09/2011 - 09:04 | 1032499 Robslob
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The Devil may care...

Wed, 03/09/2011 - 09:18 | 1032531 Ferg .
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Looking at EUR/USD you'd hardly think that periphery spreads are widening once again . I'd attribute recent weakness to natural corrective forces at a major resistance level rather than any sort of sell off based on rising yields . Nothing impulsive about the decline . I'm still struggling to comprehend the Euro strength . Speculators seem to have big expectations for the ECB over the coming months which in my opinion are are far too over blown . Rate hikes combined with surging crude prices would really hurt Ireland , Greece , Portugal and , most importantly , Spain .

Wed, 03/09/2011 - 09:21 | 1032551 pazmaker
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and now eur/usd bouncing back up over 1.39 after sliding to 1.385.  It hit key support and is now moving higher.

Wed, 03/09/2011 - 09:28 | 1032569 Saxxon
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+1 Ferg.  Mr. Trichet is jawboning.

Wed, 03/09/2011 - 11:43 | 1033054 Ferg .
Ferg .'s picture

I think we'll still see some weakness over the coming weeks in EUR/USD pazmaker . The COT shows speculators are hugely Euro bullish , the most since '08 in fact . Nice contrarian play in my view . I think we head lower , perhaps to the 1.3750 area . Then the ECB frontrunners will pour into the market in expectation of a rate hike at the April meeting .

Saxxon , Mr.Trichet does indeed like to jawbone . Whenever things start to look shaky the cheerleading and talk of " inflation concerns " from himself and other ECB/EU officials begins . The exasperating thing about it though is that it works . The Euro nearly always gets a boost .

Wed, 03/09/2011 - 09:19 | 1032541 Thalamus
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If banks raised interest rates, increasing their cost of money; they would be forced to lend more to compensate for their higher costs.  This would stimulate the economy by increasing debt held by the little people.  

Wed, 03/09/2011 - 09:28 | 1032564 falak pema
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Little people with deep pockets in Europe; high personal savings. Not so in USA. Big difference as the money war rages on.

Wed, 03/09/2011 - 09:29 | 1032567 ivars
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My view, expressed in following simple February 6th DJIA and Oil charts for 2011-2012. USA will have to tighten soon, leading to second recession in q4 2011-q1 2012 and all 2012-2013. Except, oil will not go down, but up, because of continuing supply disruptions due to widening political instability in all ( except Norway) oil exporter countries. The inflation will be not there, so other commodities may well take a pause. But NOT oil. Recession in the USA starting in q1 2012 (and elsewhere) will only make a small dip in oil prices ( down to 2012 April Brent 135-150 USD/bbl).



Just two charts, clear picture. If there is correlation between DJIA change and GDP growth, the coming USA recession in q1 2012 and beyond will be minus 2%-4% quarter on quarter annually.

Wed, 03/09/2011 - 09:32 | 1032575 99er
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A possible IH&S on the VIX (with a target of 28.82) may cause prices on /NQ to fall towards their tart of 2254.


Wed, 03/09/2011 - 10:05 | 1032645 ivars
ivars's picture

Just when the time is to start getting short, people here in many posts are getting hysterically nihilistic about events that should tell them endgame has started, also for stock market.

Which is one of signs that its true endgame. It starts when no one even in ZH anymore believes it will.

Wed, 03/09/2011 - 10:15 | 1032687 HedgeFundLIVE
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Take your money off the table; the risk reward is significantly in the hands of the bears. Expectations for wednesday's mkt action: http://www.hedgefundlive.com/blog/wednesday-market-expectations-it-has-begun

Wed, 03/09/2011 - 10:16 | 1032689 HedgeFundLIVE
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I have the biggest overnight short position I have had in nearly a month: http://www.hedgefundlive.com/blog/wednesday-market-expectations-it-has-begun

Wed, 03/09/2011 - 10:21 | 1032714 buzzsaw99
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an[sic] phd in the art of bullshit.

Wed, 03/09/2011 - 10:36 | 1032772 UninterestedObserver
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Don't they mean double dip depression?

Wed, 03/09/2011 - 14:14 | 1032805 99er
99er's picture


Leaving Dodge?



Thu, 03/10/2011 - 02:22 | 1035767 Dokemion
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There is an interesting debate in the blogosphere exploring the reasons for the persistent high unemployment rates in the US and elsewhere. Conservatives lay the blame on the structural skills mismatch and argue that this cannot be resolved through any stimulus spending measures. Liberals claim that the massive slump in aggregate demand from the boom, means that there are massive idling resources which can be brought to work with an appropriately structured stimulus program.


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