LIBOR

3 Things: Fed Fubar, Feb Flop, & A Fifty-Percent Drop

"The problem our nation faces is a serious one. We have now paired a massive speculative bubble with an errant pin that has every prospect of creating disruption. A steep financial retreat was already baked in the cake prior to the election - there are few policies that have the capacity to make the consequences substantially better, but many that could make the outcomes substantially worse."

Jeff Gundlach's Forecast For 2017

Investors will confront excessive debt, high P/E levels and political uncertainty as they enter the Trump presidential era. In response, according to Jeffrey Gundlach, U.S.-centric portfolios should diversify globally.

3M LIBOR Tops 1.00% For First Time Since 2009

While US equity prices push ebulliently towards their next level of Nirvana, financial conditions continue to tighten for American businesses. For the first time since April 2009, 3-month LIBOR - one of the most important reference rates for business financing - topped 1.00% today.

Dave Collum's 2016 Year In Review - "And Then Things Got Really Weird..."

"Markets don’t have a purpose any more - they just reflect whatever central planners want them to. Why wouldn’t it lead to the biggest collapse? My strategy doesn’t require that I’m right about the likelihood of that scenario. Logic dictates to me that it’s inevitable..."

Gold Manipulation Suspicion Lingers

It seems that manipulation of the gold fixing is over and done with - exposed by various lawsuits. Nevertheless, a noticeable price slide still occurs regularly in early New York trading - price behavior that is reminiscent of the time after August 5 1993, when manipulation of the gold price could first be detected.

Hugh Hendry: "We Are Running A Trumpian Portfolio"

  • In Europe we anticipate further duress in the political commitment to the European project as the success of Trump’s economic stimulus plan keeps US growth humming
  • The combination of Trumpian economics and Japanese 10-year nominal yields being trapped at zero by the Bank of Japan should mean the yen continues to weaken.
  • And finally, there are Chinese trades which generate positive carry should the status quo persist yet remain long volatility should pressure on the renminbi intensify

Why The Mainstream Media Is Freaking Out

In a democracy, trust must be earned. It cannot be imposed. The days of captive audiences are over. The monopoly on "news" and propaganda has been broken for good.

Breaking Free From The Captured Media

In its panicky rush to demonize the independent media via baseless accusations of "fake news," the mainstream press has sunk to spewing "fake news" of its own.