Silver as an investment

Category Archives: fixed

A Bearish Positive Carry Trade?

Authored by Kevin Muir via The Macro Tourist blog, The Eurostoxx outperformance of the past month has garnered a lot of attention, but there is another similar trade many investors are missing. Not only that, but it has a positive carry, something that is sorely lacking in this day and age of NIRP.   Since […]

Summer Epocalypse Countdown: Trump Turmoil Takes Top Off Trump Rally

The following article by David Haggith was published on The Great Recession Blog: When financial Armageddon arrives, it can hit in a flash like a dangerous rogue wave — the kind that rises up when two big waves from different storms intersect and merge into a single wave big enough to capsize a ship. The global Wannacry warware attack and endless waves […]

Deutsche Bank Accused Of Running An “International Criminal Organization”

Having been accused, and found guilty, of rigging and manipulating virtually every possible asset class, perhaps it was inevitable that Deutsche Bank, currently on trial in Milan for helping Banca Monte dei Paschi di Siena SpA conceal losses (as first reported last October in “Deutsche Bank Charged By Italy For Market Manipulation, Creating False Accounts“) […]

Selloff Accelerates As Trump Fears Mount: “The Market Will Revert To Much Higher Volatility”

European and Asian stocks slumped on Thursday following the worst one-day drop in US stocks in 8 months, while S&P futures tumbled to session lows, down 0.3% to 2,350 after initially posting a modest rebound, following a new Reuters report alleging that Trump campaign members communication with Russians on at least 18 occasions, and which […]

Euro Surges As Trump Fears Slam Dollar; Futures Poised For New Records

In a replica of Monday’s early trading, European shares are down, this time led by health-care stocks even as the Euro surges above 1.1050, the highest level since the US election. Asian equities rose, while S&P futures were unchanged although we expect the ramp to kick in any second, and take the NASDAQ to another […]

Oil Surges After Saudis, Russians Agree To 9 Month OPEC Output Cut Extension; US Futures Flat

In an otherwise quiet session in which European shares dropped, Asian equities rose and S&P500 futures were little changed, crude oil surged above $49 on high volume, after the Saudi and Russian energy ministers said in Beijing they favor extending the OPEC production cut for 9 months, though the end of Q1 2018. WTI rose […]

“Peak China”: Chinese Data Misses Across The Board As Housing Bubble Returns

Following months of warnings that China’s economy is slowing down as a result of not only a collapse in China’s credit impulse but also tighter monetary conditions, as well as rolling over loan growth which has pressured both CPI and PPI – i.e., the global “reflation trade” – as the following chart from Bloomberg’s David […]

Dick’s Slammed After Company Admits It Doesn’t Know How To Calculate EBITDA

First it was non-GAAP adjustments, then it was stock buybacks, then it was fudging the effective tax rate; and now, in the most creative way to “boost” one’s earnings, Dicks Sporting Goods admitted it blatantly fabricated its Adjusted EBITDA. But it’s ok: it was a simple calculation error, and now everything is “fixed”, the company […]

Markets All Too Quiet Ahead Of Inflation, Retail Sales Data

Asian stocks and S&P futures are both feeling the weather this morning, while European stocks are little changed as traders have decided to hold back until today’s key US CPI and retail sales data is released in under two hours. Commodities have posted another modest rebound, driven by a rise in metal prices that has […]

Bill Blain: “Something Is Happening In Europe And We Don’t Know What It Is…”

We start with the overnight observations by Mint’s Bill Blain who points out something contradictory: on one hand Europe is said to be “fixed” with inflation expectations rising and the ECB preparing to take its foot off the gas pedal. On the other hand, “European Sovereigns will start issuing long bonds again…. A French 30yr […]