recovery

French Market Regulator Sees "Brutal Repricing Of Assets"; Valuations, Volatility "Don't Reflect Real Uncertainty"

"Equity market volatility therefore now appears to be decorrelated from [uncertainty]... combined with high valuations on some equity markets, especially in the US... and extremely low spreads on the bond markets, raises questions as to whether the risks affecting the financial markets are being underestimated, which may lead to a brutal repricing of assets."

One Brit Explains Why He Loves July 4

I love July 4th. It’s the day we celebrate getting shot of these pesky, whiny, tax-dodging colonists we despatched to the New World all these years ago. Always complaining about something, and what they’ve done to the English language is just despicable… I do think telling them to reproduce and travel far was possibly the best thing King George ever did.

David Stockman On The Coming Carmageddon

Ben Bernanke’s successors at the Fed and other global central banks still don’t get it. Falsified debt prices do not promote macroeconomic stability. They lead to reckless credit expansion cycles that eventually collapse due to borrower defaults.

FX Week Ahead Preview: All Eyes On Payrolls Friday

Despite the NY market holiday over Independence day in the US, we have a number of notable data releases leading up to the main event next week in the May employment report (Friday).

Euro Surges, Yields And Stocks Rise As Central Banks Deliver Coordinated Message

The euro soared to the highest level in over a year while bond yields and global shares also climbed, as an ongoing barrage of coordinated hawkish comments from central banks signaled the era of easy money might be coming to an end for more than just the United States. S&P futures were fractionally in the green following the best day for US equities in two months.

The Federal Reserve Is A Saboteur - And The "Experts" Are Oblivious

"It is important to understand what the Fed actually is - the Fed is a weapon. It is a weapon used by globalists to destroy the American system at a given point in time in order to clear the way for a new single world economy controlled by a single managerial entity (most likely the IMF or BIS). This is the Fed's purpose. The central bank is not here to save the U.S. from harm, it is here to make sure the U.S. falls in a particular manner — a controlled demolition of our fiscal structure."