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, […]