Silver as an investment

Category Archives: LIBOR

Oil Producers Turning To Crypto To Solve Sanctions Problems

Authored by Tom Luongo, Last week, Venezuela announced it would develop a national cryptocurrency backed by its oil reserves, the Petro.  Now there is a report that Russia is considering the same thing.  Iran will likely follow suit. As of right now this is just a rumor, but it makes some sense.  So, let’s treat […]

Citi’s Shocking Admission: “There Is A Growing Fear Among Central Bankers They’ve Lost Control”

Earlier we showed a variation on a VIX chart from Citi’s Hans Lorenzen which, if it doesn’t impress, or scare you, then nothing probably will. However, leaving readers unimpressed – and unscared – will not satisfy Lorenzen, which is why the credit strategist who works together with the godfather of rational doom, Matt King, and […]

“Russia Did It” and Other Crimes

    “Russia Did It” and Other Crimes Posted with permission and written by Rory Hall, The Daily Coin           We haven’t had a system of capitalism since the Federal Reserve and Woodrow Wilson hijacked the US Treasury and US economy in 1913. Our financial, monetary and economic system has morphed […]

Bill Blain: “Why We Should Be Very Nervous About Corporate Bonds”

Blain’s Morning Porridge, Submitted by Bill Blain of Mint Partners Why we should be very nervous about corporate bonds     “Before the fiddlers have fled, before they ask us to pay for the bill and while we still have the chance.…” This might be week the proverbial chickens have more need than ever of somewhere […]

BoE Expected To Vote 6-3 For Rate Increase And Signal Markets Underpricing Future Hikes

The last time the Bank of England raised rates was July 2007, when rates increased to 5.75%. Credit markets began to dislocate a month later (when LIBOR diverged from Fed Funds), equity markets peaked three months after the increase and things eventually got much worse. So, the track record is not auspicious, but the alleged […]

Why US Tax Reform Will Put Even More Pressure On Dollar Funding Markets

zerohedge.com / by Tyler Durden / Oct 20, 2017 2:10 PM On Wednesday, we noted the renewed tightness developing in dollar funding markets. Ignoring embryonic signs of stress in the financial “plumbing” can be dangerous. The divergence of LIBOR from Fed Funds on 9 August 2007, which occurred two months prior to the peak in the Dow, always comes to […]

“Dear Fed, Hike Slower… Shrink Faster…”

Authored by Peter Tchir via Brean Capital LLC, Dear Fed, Stop with Rate Hikes and Reduce Balance Sheet We think that the Fed should focus on steepening the yield curve.  That keeping short term rates constant while focusing on balance sheet reduction would benefit the most people and the economy. Effectively, it is time for […]

Frontrunning: August 18

Hunt for Driver Widens as Second Attack Hits Spain, Five Suspects Are Killed (WSJ) FT loses it over bitcoin’s relentless rise (FT) China Codifies a Crackdown on ‘Irrational’ Outbound Investment (BBG) U.S. Navy, citing poor seamanship, removes commanders of warship in deadly crash (Reuters) ACLU Will No Longer Defend Hate Groups Protesting With Firearms (WSJ) […]

Global Stocks Hit Another Record High, Ignore Slowing Chinese Trade

Following a sleepy overnight session, US futures are flat as are markets in Europe, while Asian stocks rose despite overnight trade data from China which unexpectedly missed across the board. As reported last night, Chinese export growth was the slowest since February while Import growth the weakest since Dec 2016, as both missed consensus estimtes. […]

With LIBOR Dead, $400 Trillion In Assets Are Stuck In Limbo

In an unexpected announcement, earlier this week the U.K.’s top regulator, the Financial Conduct Authority which is tasked with overseeing Libor, announced that the world’s most important, and manipulated, benchmark rate will be phased out by 2021, catching countless FX, credit, derivative, and other traders by surprise because while much attention had been given to […]