CNH Stands In
With stocks down for a second day, attention has been focused on the UK vote potentially in favor of leaving the EU. It seems like a naturally disruptive event, or at least in theory, an [...]
More ‘Dollar’ Warning
In August 2013, the Treasury Department through its Treasury International Capital data (TIC) put a scale on that summer’s disruption. With a two month delay, the TIC figures gave us some insight as to why [...]
Bi-Weekly Economic Review
Economic Reports Scorecard Concern about recession is growing again as formerly strong portions of the economy turn down. The last two weeks brought reports of new weakness in the labor market, continued slowing in construction [...]
Re-evaluating ‘Stimulus’ By Market Force
On July 2, 2015, the 10-year Japanese Government Bond (JGB) traded to a stout closing yield of 0.511%. That was up significantly, in Japanese financial terms, from the start to the year where the benchmark [...]
Warning Of A Warning; Crossing February 11
Eurodollar futures prices rose again today, the seventh consecutive increase in most maturities. Six of those days were relatively small moves, the biggest jump last Friday with the release of the payroll report. For the [...]
The Polar Vortex Economy of 2014 Was A Warning; Wholesale Sales Prove It Should Not Have Been Dismissed As Weather
Wholesales sales are right back on track again after two months of being affected by the calendar. After rising 0.8% in February and 0.6% in March, sales declined by 5.3% Y/Y in April. For the [...]
When ‘Dollar’ Retreat Looks Like Recovery, You Know The World Is Upside Down
It makes for yet another huge dichotomy, but one which is curiously absent from any mainstream commentary. As noted earlier today, Chinese imports were pleasantly surprising for the mainstream as they were just about flat [...]
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