Swiss Franc

Tyler Durden's picture

Frontrunning: June 5





  • Europe shares set for worst week of 2015 (Reuters)
  • Jobs Report Not Likely to Trigger June Rate Hike (Hilsenrath)
  • U.S. jobs market seen firming despite lackluster growth (Reuters)
  • Gross Says Bond Rout Scary as Hell Even Without Bear Market (BBG)
  • Apple Is the New Pimco, and Tim Cook Is the New King of Bonds (BBG), which ZH said in 2013
  • In 'year of Apple Pay', many top retailers remain skeptical (Reuters)
  • OPEC Nations Signal Few Prospects for Oil-Production Change (BBG)
  • China regulator says amending rules on margin trading, short selling  (Reuters)
 
Marc To Market's picture

Dollar Bulls may Pause after Strong Second Half of May





Combination of important events/data and large move in last two weeks, the dollar may pullback/consolidate in the days ahead.

 
Gold Standard Institute's picture

Are Hedge Funds Worth More Than Kindergartens?





"The top 25 hedge fund managers made more than all the kindergarten teachers in the country," declared President Obama. One side supports him, and the other defends hedgies. Both get it partially right.

 
Tyler Durden's picture

The Coming Capital Controls Are Designed To Protect The Banks From You





If governments have proven anything to us over the last seven years, it is that they will do anything to keep the banks from going down.  If just 10% of people hit their breaking points and withdrew their money in cash - there wouldn’t be enough cash in the system to support this demand. And the banks would subsequently collapse. When a government is bankrupt, the central bank is nearly insolvent, the banking system is illiquid, and an entire population suffers from interest rates that are either negative or below the rate of inflation, capital controls are a foregone conclusion. In fact, we expect the next round of capital controls will be designed to protect the banks... from you.

 
Tyler Durden's picture

Traders Are Buying Gold & Silver At Fastest Pace In Over A Decade





The last time large speculators were as aggressively buying silver as last week was September 1997. The net long non-commercial positioning in Silver futures, according to the CFTC rose almost 22,000 contracts last week to a 3-month high (which is closing in on the 'longest' since 2005). Gold, not be out-precious'd also saw major buying. Net speculative longs in gold added over 45,000 contracts - the most since July 2005 - lifting net long positions to their highest in 3 months. Perhaps, just perhaps, as Alhambra's Jeffrey Snider notes, this is due to Yellen putting the 'dollar' back on suicide watch.

 
Tyler Durden's picture

Behind The Scenes In FX Trading: What Is Really Going On





With HFT algos now firmly entrenched in FX markets we weren't surprised to learn that volatility is rising, bid-ask spreads are blowing out, and liquidity is vanishing. Expect things like last October's algo-driven, Fed-assisted Treasury flash crash to become par for the course in FX markets as well, with harrowing USD, EUR, JPY, [fill in the blank] ramps and flash crashs becoming the norm and leaving panicked central bankers desperately trying to figure out what happened after the fact.  

 
Gold Standard Institute's picture

Falling Yield, Rising Asset





There's little interest, forcing retirees to spend down their principal. It's no accident, as Keynes called for the “euthanasia of the rentier.” Fed Chair Yellen is a New Keynesian.

 
GoldCore's picture

Gold Bullion Buying In Germany Surges On Euro Collapse Concerns





With each passing year the currency fell in value to ever more absurd depths until by November 1923 an ounce of gold - which had cost 170 Marks only five years previously - was trading at 87,000,000,000,000 Marks per ounce. Silver saw similar price gains (see chart) - or rather to put it more accurately silver too remained a store of value and maintained purchasing power as the currency collapsed.

 
Marc To Market's picture

Dollar Blues





Dollar downmove still seems corrective in nature.  Fed hike in September still seems most likely scenario.  Taalk of US recession is over the top when unemployment, broadly measured is falling and weekly initial jobless claims are at new cyclical lows.  

 
GoldCore's picture

Global Debt Now $200 Trillion!





With a global population of 7.3 billion this works out out at over $27,200 of debt for every man, woman and child alive today. 

 
Tyler Durden's picture

Frontrunning: May 14





  • Amtrak train in Philadelphia wreck was traveling at twice speed limit (Reuters)
  • The engineer has no recollection of the crash and “no explanation” for what happened (WSJ)
  • Taliban claim attack on Afghan guesthouse that killed 14 (Reuters)
  • Chicago’s Junk Rating From Moody’s Puzzles Investors (BBG)
  • House votes to end spy agencies' bulk collection of phone data (Reuters)
  • Wesley Clark: The Penny-Stock General (BBG)
  • AOL’s Armstrong to Leave $213 Million Richer After Verizon Deal (BBG)
 
Tyler Durden's picture

A Portrait Of The Classical Gold Standard





"It was, at least in theory, simple enough in the old days," wrote a wistful W. Randolph Burgess, head of the New York Federal Reserve, in 1938. "In the present strange new world, where the old gold portents have lost their former meaning, where is the radio beam which the central banker may follow? What is the equivalent of gold?" The men of his era and of the late nineteenth century understood the meaning of such a question and, more importantly, why it is one that must be asked. But theirs was a different world, indeed — one without "QE," ZIRP," or "Unknown Knowns" as fiscal policy. And there were no helicopters, either.

 
Tyler Durden's picture

Frontrunning: May 6





  • ‘Flash Crash’ Overhaul Is Snarled in Red Tape (WSJ)
  • ECB Considers Tighter Noose on Greek Banks (BBG)
  • Dollar Falls as U.S. Data Cast Doubt on Fed Policy Tightening (BBG)
  • Market U-Turn Rams Hedge Funds (WSJ)
  • Greece makes 200 million euro IMF payment due Wednesday (Reuters)
  • Greek unemployment was 25.4 percent in February (Reuters)
  • J.P. Morgan’s Barista-Turned-Banker Sees Good Things Brewing (WSJ)
 
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