• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Blogs

Burkhardt's picture

Global Crunch: Central Banks Anemic Response





Global Crunch: Central Banks Anemic Response - A doubtful boost in investor confidence.

 

 
AVFMS's picture

05 Jul 2012 – " Stand and Deliver " (Adam & The Ants, 1981)





 

Central Banks came, stood and delivered… just not much more, although the (nightly) POBC cut (1 YRS by 31 to 6% and deposits by 25bp to 3%) had not really been foreseen. Second Chinese cut in as many month, the last one having been on 07 Jun (as well just ahead of the ECB meeting, then by 25 basis points to 3.25% and 6.31%). The Chinese move was good for a small uptick, rapidly squashed by the European serving.

ECB quarter cut and BoE GBP 50bn additional QE to GBP 375bn both already in the valuation ramp-out of late.

Hmmm… Non-event.

Then came the ECB press conference…

 

 

 
Reggie Middleton's picture

Much Of The Developed World Prints Today, But Where's The Wealth? Real Value Of Risk Assets Continue To Plunge!





Print, print, print as they may, central bankers will make no leeway until the true problem falls sway... ©2009-2012 the Lyrical Reggie Reg...

 
EconMatters's picture

Will EUR/USD Reach Parity By Year End?





ECB is running out of options. Germany can't afford any more bailouts.  Euro is overvalued compared to the dollar.

 
AVFMS's picture

04 Jul 2012 – " Independence Day " (Bruce Springsteen, 1977)





With the US closed, the afternoon simply dragged on with a light ROff feeling as the Periphery drifted slowly wider, France on stand-still and the Core squeezed tighter. Credit weaker with Financials giving back yesterday’s gains and more. Sudden change of mind in equities, paring morning losses loss ahead of tomorrow in very low volume.

Nothing strong, nor concrete, nor very firm, but Core EZ unease with the ESM discussions of last week, as seen by the South, is just seeping through. Opposition parties, Central Bankers, junior government partners, constitutional issues in the Northern part all seem via titbits and comments ready to sand in some of the discussions or to delay the processes. Give it another 2 weeks and everyone will have gone on holiday (despite the ECOFIN claiming to remain on stand-by).

Closing in unconvinced ROff mode and treading water ahead of tomorrow’s Spanish auction, ECB / BOE meetings and US claims numbers. EUR ticking down to low 25s Yet another not especially inspirational day to write about. Libor-gate turning into mudslinging contest, with possible further fall-outs on the industry.

 
Phoenix Capital Research's picture

Germany Will Choose to Bail on the EU Rather Than Bail It Out





Germany will leave the Euro the moment that the EU Crisis spreads to France.  At that point any discussion of EU bailouts is pointless, as the very countries needing aid (France, Italy, Spain, and Greece) account for 53% of the ESM’s funding. 

 
williambanzai7's picture

HaPPY BiRTHDaY AMeRiCA: BaNZaI7'S STaTeS oF Dis-UNioN





"The United States is the only country with a known birthday."--James G Blaine

 
testosteronepit's picture

The “European Monster State”





“The patience of the public has been exhausted”

 
George Washington's picture

The Many Ways Banks Commit Criminal Fraud





Libor Manipulation Is Only One of MANY Types of Fraud Committed by the Big Banks

 
EconMatters's picture

Icelandic Miracle or Mirage? Round 2





Debate between Krugman and the CFR rages on in round 2 on whether currency devaluation created the Icelandic Miracle or Mirage.  

 
Phoenix Capital Research's picture

The EU is Out of Money. End of Story. And Neither the Fed Nor the ECB Can "Print" To Save the Day





The Fed, by buying Treasuries is making insolvent banks even more insolvent. It is a short-term gain (liquidity) for a long-term disaster: banks need as much collateral as they can get their hands on right now. And with Treasuries rallying (raising the value of the banks' assets) any aggressive Fed program to take Treasuries out of the system would be a MAJOR step towards another solvency Crisis a la 2008.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!