Bruce Krasting's blog
"Fuck the CHF and the SNB!" "Those bastards lied to us - I'll never trust them again!"
Have we passed the tipping point for Brazil? We'll know in a few months.
My conclusion is that the SNB deliberately screwed the market, and in the process shot itself in the foot for 30-50 billion dollars. What were they thinking?
Anyone who continues to believes in the all powerful CB after today is a fool.
If you worry about the size of the Fed's balance sheet you should be horrified by what is happening in Switzerland.
The one thing that Jordan can't do in this war is appear to be weak.
The cards in this deck are not aligned the way they were a half-year ago. An Obama veto of Keystone is no longer a sure thing. Proving once again that crude prices have strange bedfellows.
Is this weakened system able to absorb a spike in one-directional volume? Will it step up and keep order? Or will it back off and allow volatility to roar?
As of today, the forecast of fall/winter rain is in doubt.
The CBO report is screaming, "This is F-ed up! Fix this now, or pay a price later!"
CBO and SSA disagree on the most basic definition of financial health - Net Cash Flow
Surprise! This is looking more like a here-and-now problem
Did the world forget about the Flash Crash?
This is Washington, where nothing makes sense.