recovery

FX Week Ahead: Market In Need Of Brain-Changer, Not Game-Changer

After the FOMC meeting last week, it was (yet) again apparent that the Fed are still keen to maintain a normalisation path designed to not only get rates back to neutral levels, but also build up the policy tool kit again as well as staving off excessive leverage which has boosted stock markets to record highs. 

Whatever The Fed Does... It's Bullish

"But let’s be very clear about one thing... The Fed does NOT honestly believe in the strength of the recovery, that inflationary pressures are present OR that employment is as strong as stated... It’s actually quite the opposite."

America's 'Fake' Stability & Boobs On Credit

"The longer this fake stability is maintained the greater the collapse. Success breeds disregard for the possibility of catastrophe...Sometimes they do ring a bell at the top. In this case they are shaking fake boobs at the top."

Russell Brand On The Benefits Of Legalizing Drugs

"My personal experience is making drugs illegal simply inconveniences addicts, turns addicts into criminals, and exacerbates the problems...by legalizing drugs, you would be able to address the problem at its essence - a mental health problem"

"The End Is Nigh"

"Historically, economic wars have a habit of becoming shooting wars. .."

Pound Flash Crashes After Moody's Downgrades UK To Aa2

In an otherwise boring day, when Theresa May failed to cause any major ripples with her much anticipated Brexit speech, moments ago it was Moody's turn to stop out countless cable longs, when shortly after the US close, it downgraded the UK from Aa1 to Aa2, outlook stable, causing yet another flash crash in the pound.

Household Wealth Hits A Record $96.2 Trillion... There Is Just One Catch

In the second quarter of 2017, US household net worth rose by $1.7 trillion, reaching a record $96.2 trillion as the stock market soared and home prices hit new record highs. But while it would be great news if wealth across all of America had indeed risen as much as the Fed claims, the reality is that there is a big catch...

Five Bitcoin Crashes (And What You Can Learn From Them)

"With Bitcoin price reaching a new high of $5,000 recently, and then dumping back down to nearly $3,000, it’s been a wild ride this month... Since Bitcoin began, there have been some major crashes, but there have also been some good lessons to learn."