recovery

FX Weekly Preview: All Eyes On Yellen, Trump And The Yield Curve

Looking to the week ahead, we have the FOMC meeting midweek, and for all the expectations that there will no change this time around, the market will be sensitive - to the downside - on any rhetoric in the statement which puts Dec in doubt. 

My Big Fat Greek Tax Scam

"Don’t worry, it’s a famous Greek trick. Revenues go to Bulgaria, expenses stay in Athens... We also get around the exchange controls..."

Lies And Distractions Surrounding The Diminishing Petrodollar

"As far as oil and petro-status are concerned, the mainstream media is perfectly willing to report on the smaller stories, but refuse to acknowledge the bigger story... completely unwilling to account for the effects that will result or the deeper meaning behind these events..."

Watch Live: Trump To Label Opioid Epidemic A 'Public Health Emergency'

In a long-awaited public address, President Donald Trump will reportedly direct his Department of Health and Human Services to declare the opioid crisis a nationwide public health emergency under the Public Health Service Act during a speech set for 2 pm ET Thursday...

Traders Paralyzed, Markets Flat Ahead Of Today's Main Event: The ECB's Taper Announcement

US equity futures and Asian shares are flat this morning with European shares treading water ahead of the ECB's policy meeting in which it’s expected to announce a tapering to its €60bn in monthly QE. On this busiest day of Q3 earnings season, companies set to report earnings include Alphabet, Microsoft, Amazon and Intel, while we also get data on jobless claims and wholesale inventories.

Japan Is Booming! (Except It's Not)

"Japan is hot, really hot. Stocks are up to level not seen since 1996 (Nikkei 225). Prime Minister Shinzo Abe called snap elections in Parliament to secure a supermajority and it worked. Things seem to be sparkling all over the place, with the arrow pointing up... Only that isn’t real, just like it wasn’t three or seven years ago..."