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Sunday Gold Fix – Curious Behavior Is Mal-adjusted Markets
There is a temptation to compare anything of note in financial markets to the panic of 2008. It is exceedingly easy to do, and considering the scale and scope of everything that went wrong all at the...
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Back to Sleep
The reason I have been characterizing the ECB’s actions since this summer as “desperate” is entirely due to the fact they are simply redoing things and expecting everyone to simply assume they are...
View ArticleClik here to view.
What Magnificent (For Some) Complications
In July 2014, just as the dollar was beginning to tighten with what seems like an overly sensitive trigger, the US Treasury Dept’s Office of Financial Research published a paper by Zoltan Pozsar that...
View ArticleClik here to view.
Next Step In ‘Dollars’?
I continue to believe that the Swiss National Bank’s action on January 15 opened a “release valve” of sorts inside the world of the global “dollar.” Prior to that day, heightened bearishness all...
View ArticleClik here to view.
Swiss Eurodollar Anecdotes Upon Dark Leverage
It will be a few more days before the major banks release their quarterly balance sheet figures for Q2. We already know from their earnings reports that money dealing is no longer much of a high...
View ArticleClik here to view.
The Financial Side of Hell
Back in September, the IMF issued a generic warning about EM corporate debt. The organization had estimated that total borrowing had exploded, from about $4 trillion in 2004 to $18 trillion in 2014;...
View ArticleClik here to view.
A Brief History of ‘Money’; Part 1 The Historical Foundation For QE
One of the biggest intellectual impediments to understanding where we are in the arc of monetary evolution is Positive Economics. As Milton Friedman described it in 1953, it was essentially the...
View ArticleClik here to view.
A Brief History of ‘Money’; Part 2 Disaggregation
Part 1 is here. Having used monetary policy and proved its ability to manage big things and even force onto the monetary system and the economy big changes, the Federal Reserve grew in esteem and...
View ArticleClik here to view.
A Brief History of ‘Money’; Part 3 Quotation Marks of Dimensional Expansion
Part 1 is here. Part 2 is here. From the point of the Great Crash forward the interbank market mostly ceased to exist. Having first learned the hard way about money and liquidity, the federal funds...
View ArticleClik here to view.
Where We Go From Here: Study MF Global
It was announced yesterday that former New Jersey governor and one-time head of MF Global John Corzine won’t be allowed anywhere near clients in the futures business. Though a lifetime ban, the man is...
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A New Frame Of Reference Is Really All That Is Necessary To Start With
In the middle of 1919, the United States was beset by a great many imbalances. Having just conducted a wartime economy, almost everything before then had been absorbed by the World War I effort. With...
View ArticleClik here to view.
Back to Sleep
The reason I have been characterizing the ECB’s actions since this summer as “desperate” is entirely due to the fact they are simply redoing things and expecting everyone to simply assume they are...
View ArticleClik here to view.
What Magnificent (For Some) Complications
In July 2014, just as the dollar was beginning to tighten with what seems like an overly sensitive trigger, the US Treasury Dept’s Office of Financial Research published a paper by Zoltan Pozsar that...
View ArticleClik here to view.
Next Step In ‘Dollars’?
I continue to believe that the Swiss National Bank’s action on January 15 opened a “release valve” of sorts inside the world of the global “dollar.” Prior to that day, heightened bearishness all...
View ArticleClik here to view.
Swiss Eurodollar Anecdotes Upon Dark Leverage
It will be a few more days before the major banks release their quarterly balance sheet figures for Q2. We already know from their earnings reports that money dealing is no longer much of a high...
View ArticleClik here to view.
The Financial Side of Hell
Back in September, the IMF issued a generic warning about EM corporate debt. The organization had estimated that total borrowing had exploded, from about $4 trillion in 2004 to $18 trillion in 2014;...
View ArticleClik here to view.
A Brief History of ‘Money’; Part 1 The Historical Foundation For QE
One of the biggest intellectual impediments to understanding where we are in the arc of monetary evolution is Positive Economics. As Milton Friedman described it in 1953, it was essentially the...
View ArticleClik here to view.
A Brief History of ‘Money’; Part 2 Disaggregation
Part 1 is here. Having used monetary policy and proved its ability to manage big things and even force onto the monetary system and the economy big changes, the Federal Reserve grew in esteem and...
View ArticleClik here to view.
A Brief History of ‘Money’; Part 3 Quotation Marks of Dimensional Expansion
Part 1 is here. Part 2 is here. From the point of the Great Crash forward the interbank market mostly ceased to exist. Having first learned the hard way about money and liquidity, the federal funds...
View ArticleClik here to view.
Where We Go From Here: Study MF Global
It was announced yesterday that former New Jersey governor and one-time head of MF Global John Corzine won’t be allowed anywhere near clients in the futures business. Though a lifetime ban, the man is...
View Article
