Bank of England

Back To Rehab Or Continue Chasing The Dragon

"Like a drug addict chasing the proverbial dragon, the world’s central bankers are faced with the painful choice of rehab to break the grip of easy money or an on-going downward spiral toward economic demise."

Global Stocks Storm To New Record High Ahead Of Historic Fed Announcement

Last week's bullish sentiment that sent the S&P not only to a new all time highs, but a burst of last-second buying pushed above 2,500 for the first time ever, has carried through to the new week, with European and Asian shares rallying across the board, US futures again the green, and world stocks hitting a new record high on Monday ahead of a historic Fed meeting.

GoldCore's picture

Gold is currently up over 15% for the year, silver by nearly 12%. Both offer financial safe havens during times of war. All parties involved in the current geopolitical fracas are big holders of gold. Two of them, Russia and China are enabling the trade of the precious metal for key commodities.

Frontrunning: September 15

  • Dollar leaps versus yen, pound at highest since Brexit result (Reuters)
  • Several hurt in 'terrorist' incident in London (Reuters)
  • North Korea Puts Guam in Range With New Missile Launch Over Japan (BBG)
  • U.N. Security Council to meet after North Korea fires another missile over Japan (Reuters)

Bill Blain: Have We Reached Missile Fatigue?

"Did I blink and the Norte Koreans launched another missile? Did I miss it? What’s happened to the headless chicken panic? Missile Fatigue? Provocation or escalation? An expected reaction to new sanctions? Hasn’t even made the front page of the FT."

Oh Canada - Reflections On An Economic Experiment

"...the real problem is with the Fed’s unwillingness to surprise markets. They are convinced that moves should be telegraphed well in advance.. the Fed is a slave to market expectations...Well, Bank of Canada Governor Poloz is willing to take the other side of this view. Arguing that in normal times, there is no need for such guidance..."

World Stocks Pull Back Amid Rising Concerns Of A Market Correction

For the first day in three S&P futures have pulled back modestly from record levels as some investors cautioned that gains had gone too far, too fast, European shares are mixed while Asian equities extended their longest rising streak in almost two months as continued gains in Japan and India offset the losses in Hong Kong.