Previewing today’s market: near record low liquidity, with chance of ridiculous volatility in the Ruble, energy and equity markets. While no doubt today’s main event will be the “considerable” FOMC …
Read More Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 111 = 17,068 SPX – 16 = 1972 NAS – 57 = 4547 10 YR YLD – .04 …
Read More We have two reports in our El Buen Fin Series, starting with my favorite yield play. People seeking high yields should buy foreign bank preferred shares, issued at $25 per share, NYSE-traded, …
Read More Regulators Are Getting Worried About their Own Handiwork Readers may recall a remark we made when we discussed the dangerous boom in low grade corporate debt. This was in connection with …
Read More The forecasts for the year of 2015 are not bad, assuming that most central banks will still have expansive monetary policies. The exception will be the US central bank, which …
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We recently noted the rise of counterparty risks in the financial system due to oil prices dropping (and leveraged derivative exposures) but as the Russia situation has deteriorated so dramatically this week, …
Read More This is getting very ugly. This picture was from Moscow on Friday, with the sign offering 54 Rubles for $1 and offering to sell Dollars for 59 Rubles (nasty spread).  Today, …
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This Great Graphic was composed on Bloomberg. It draws on the Bank of England’s trade-weighted indices of the dollar (yellow line), the euro (white line), and yen (green line). The data was further …
Read More OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 -0.67%) this morning are down -0.18% and European stocks are down -0.35% at a 1-3/4 month low on Chinese economic concerns after a gauge of Chinese manufacturing …
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For those wondering if the CBR’s intervention in the Russian FX market with its shocking emergency rate hike to 17% overnight calmed things, the answer is yes… for about two minutes. The USDRUB …
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