Category Archives: Debt Ceiling
Asian Stocks Slide On iPhone X Demand Fears; US Futures Flat In Thin Holiday Trading
For the second day in a row, most Asian markets – at least the ones that are open – were dragged lower by tech stocks and Apple suppliers, with the MSCI Asia Pacific Index down 0.2% led by Samsung Electronics and Taiwan Semiconductor Manufacturing in response to the previously noted report that Apple will slash […]
“When To Worry?”: How Long After The Curve Inverts Does The Recession Begin
The recent (bear) flattening of the US yield curve to levels not seen since before the GFC, a move which has only accelerated in recent weeks as the stock market hit all time highs, has prompted some to question the strength of the US economic cycle, and others to ask outright how long before the […]
What Could Go Wrong?
Authored by James Howard Kunstler via Kunstler.com, Everybody and his uncle, and his uncle’s mother’s uncle, believes that the stock markets will be zooming to new record highs this week… And probably so, because it is the time of year to fatten up, just as the Thanksgiving turkeys are happily fattening up – prior to […]
Key Events And FX Week Ahead: Central Banks Send Markets Into A Coma, Someone Say Something New Please!
European politics returns with a bang this week, when not only will attention be focused on Austria to see if the right wing Freedom Party joins the People's Party in a historic governing coalition, in an embarrassing blow to Europe's establishment, but also whether Catalan President Puidgemont will (again) fomally – and this time clearly […]
It Has Never Been Cheaper To Hedge A Market Crash Using This One Trade
In mid-August, at the height of the North Korea geopolitical turbulence, and amid uncertainty about the Fed balance sheet unwind, fears of a government shutdown and the US debt ceiling, as well as the fate of Trump tax reform and Obamacare repeal, when the VIX soared following a series of missile launches by Kim Jong […]
We Are Already In Depression (If Borrowing Money Is Not Income)
Via Baker & Company Advisory Group, The U.S. economy is not as solid as it appears. Statistical anomalies hide profound weakness. I will examine actual GDP and actual employment. Warning: not for the faint of heart. Do you consider debt as income? Before you answer that, let’s perform a thought experiment. Imagine that you had taken […]
“This Is Where The Next Financial Crisis Will Come From”
“This Is Where The Next Financial Crisis Will Come From” By Zero Hedge In an extensive, must-read report published on Monday by Deutsche Bank’s Jim Reid, the credit strategist unveiled an extensive analysis of the “Next Financial Crisis”, and specifically what may cause it, when it may happen, and how the world could respond assuming it […]