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 and hard at the chart above, and especially the red rental line, and came up with […]
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 Consecutive Revenue Drop
And a longer-term chart. The last time Intel had 4 quarters of consecutive declines the US was in a recession….
DOW HITS […]
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 economy. But the Fed is NOT going to taper because the economy is too strong or because we have […]
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 $22 respectively.
European stock markets ticked higher by lunchtime – with the exception of Germany’s DAX – regaining some of yesterday’s losses, […]
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.
An ECB Governing Council meeting takes place this Thursday amid growing expectations that ECB President Mario Draghi will lay […]
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 now is madness, absolute, total and utter madness.” Farage also discussed the action in the gold […]
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 any time there is a downtick it the market, masked by the unemployment rate rising to […]
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 gold can count on Bernanke’s policies continuing to push gold prices higher. Here is what Pento had […]
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 on Thursday. The most notable of the […]
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 likely than before. We continue to think that further easing via manipulation of […]