Here We Go Again: Step Aside RMBS, Rent-Backed Securities Are Here, And With Them The Beginning Of The End It appears that since America’s financially innovative elite doesn’t have the patience to wait until housing prices regain their previous all time highs in order to usher in the second great RMBS wave, they looked long
Macro disappointments? Earnings and revenues missing? Outlooks being slashed? No worries, we have Ben… and a Dow that has risen 1000 points in 17 days to just hit a new record intraday high 15,552.70
nothing to see here move along… Top-Down…
With Recoveries Like These Who Needs Microchips: Intel Posts 4th
BOB JANJUAH: Ben Bernanke Is Scared
He will be forced to taper.
Nomura’s bear Bob Janjuah believes the “why” is fear.
From his note last week:
So for me, ‘tapering’ is going to happen. It will be gentle, it will be well telegraphed, and the key will be to avoid a major shock to the real
London Gold Market Report
from Ben Traynor, BullionVault
Wednesday 12 June 2013, 08:45 EDT
“Tug of War” in Gold and Silver, “Blame Bernanke” for Recent Volatility in Markets
GOLD PRICES hovered just below $1380 an ounce Wednesday morning in London, with silver trading around $21.80, after the metals failed to break through $1380 and
Streaming by Ustream
Fed Chairman Bernanke’s press conference is just getting underway. Watch live here. Earlier, the FOMC announced an open-ended QE program of $40B in MBS purchases/month.
It’s Coming: One Pro Sees Big Stock Selloff in 10 Days
An equity strategist for Goldman Sachs is predicting a September selloff that happens so rapidly he is telling clients to protect themselves before Sept. 14.
The reason: Market disappointment over key meetings of the European Central Bank and Federal Reserve—all within the next 10 days.
On the heels of Fed Chairman Bernanke’s comments, Spain being downgraded and key meetings taking place in Europe, today King World News interviewed MEP (Member European Parliament) Nigel Farage, to get his take on the ongoing crisis. Farage told KWN that “when I look into the eyes of the leaders of Europe … what I’m seeing
While it appears to us that Bernanke’s message was loud and clear, there are those who need validation and peer-confirmation. Such as that from the firm whose alumni run the Fed, namely Goldman Sachs. Below is Jan Hatzius’ take on the “surprising” Chairman speech which essentially said QE can and will come at
Today Michael Pento told King World News Fed Chairman Bernanke will continue crushing the middle class and throwing money out of helictopers all the way until “doomdsday.” Pento, who founded Pento Portfolio Strategies, also noted the price of gasollne has soared 30% in the last 24 months alone. Pento believes that owners of
September 7: The German Federal Constitutional Court is set to rule whether of recent bond purchasing actions by the European Central Bank are in violation of euro zone rules. If the bailouts are determined to be illegal, this has the potential to seal the fate of the monetary union.
September 8: Two important speeches come
Goldman, which unlike in 2010, did not get its request for a few hundred billion in free money, at least for now, shares its response to Jackson Hole.
From Goldman Sachs
BOTTOM LINE: Bernanke offers little guidance on near-term policy outlook, but extension of September meeting makes easing at this meeting a bit more
Please go to ORIGINAL SOURCE to take to C-SPAN3 LIVE
Fed Chairman Bernanke told congress today:
But Bernanke’s predecessor – former Fed chair Alan Greenspan – disagrees.
As I noted in 2009:
Professor Emeritus of Mathematics Antal Fekete has argued for years that gold is the ultimate – and only – safe haven when things really hit the fan.
For example, in
JULY 13, 2011
Please Go to Originale Source to view
by Tony Pallotta of Macro Story
How An Equity Market Prices In Recession
I’m not going to even begin to try and make sense out of today’s market. Watching fires burn and teargas fired in Greece, 100 pip moves in the EUR/USD in minutes and computer algos tripping over each other was surreal beyond