Bond

CIA's Dirty Cyber Tricks Exposed: "UMBRAGE" & Potential False Flag Attacks"

The CIA can mimic foreign intelligence agencies’ hack attacks by leaving electronic "fingerprints" creating the false impression of a foreign intrusion into computer networks. If Wikileaks documents are true - and there is no reason to believe otherwise - one wonders if CIA operatives, say, used cyberspace to create a modern-day Reichstag fire to undermine the Trump administration?

The Beginning Of The End Of Calm Bond Markets

Although the market is convinced the Federal Reserve will get aggressive with their rate hikes, I am not sure market participants have thought this through. Let’s not forget the Federal Reserve is sitting on the largest balance sheet in history.

Futures Decline, Europe Slumps After German Industrial Orders Collapse

After a turbulent overnight session on Monday morning, this morning traders settle at their desks to find a relatively calmer environment, with US equity futures down 0.2% to 2,371.75, while European stocks fell for a third consecutive day, and Asian markets which closed mixed (China up, Nikkei down, MXAP up 0.2%).

China FX Reserves "Unexpectedly" Rebound Above $3 Trillion, First Increase Since June

Overnight China reported that its FX reserves "unexpectedly" rose in February for the first time since June 2016, halting a seven-month decline, rebounding over the psychological $3 trillion level controls on capital outflows and a rally in the yuan. Total foreign reserve holdings increased by $6.9 billion to $3.005 trillion last month, exceeding the consensus estimate for a $30 billion decline to $2.969 trillion

Can Yellen Keep The Boom Going?

Yellen, like notorious previous Fed chiefs including Strong, Martin, and Greenspan, can now claim success in having prolonged and strengthened an asset price inflation which otherwise may well have been about to enter its severe end phase. If history is any guide, the result of that success is to be feared.

BIS Admits TARGET2 Is A Stealth Bailout Of Europe's Periphery

"In the period leading up to mid-2012, T2 balances grew strongly due to intra-euro area capital flight. At the time, sovereign market strains spiked and redenomination risk came to the fore in parts of the euro area. Private capital fled from Ireland, Italy, Greece, Portugal and Spain into markets perceived to be safer, such as Germany, Luxembourg and the Netherlands."