Market is talking about the suicide of a trader or salesperson in Hong Kong as was reported in the SCMP and Apple Daily. http://www.scmp.com/business/banking-finance/article/1430296/man-leaps-death-jp-morgans-headquarters-central The word is that he was just 33 and… Continue reading
Nearly everyone in the markets is superstitious – you see it from the figurines, money plants, coins, and even the lucky tie they wear. Reuters has a good article on what does Hong… Continue reading
“The Turkish central bank raised its overnight lending rate to 12% from 7.75%…” http://www.cnbc.com/id/101359309 Of course it stopped the rout of the Turkish Lira in the short term. By contagion, it also stabilized… Continue reading
If you are feeling confused, lost, disoriented, bewildered, fatigued and the like, rest assured that you are not alone. It is real and happening. The markets are muddled. If you are feeling comfortable… Continue reading
The Fed’s balance sheets have swelled over 1 trillion USD in the past year to exceed USD 4 trillion which is causing some angst amongst lawmakers despite an oblivious President. http://www.bloomberg.com/news/2013-12-17/fed-s-4-trillion-assets-draw-lawmaker-ire-amid-bubble-concern.html We know… Continue reading
What a week it has been ! … watching paint dry. US treasury bond prices are back to lower to Oct shut down levels and we have some fanciful reports out today suggesting… Continue reading
“It’s no longer in China’s favor to accumulate foreign-exchange reserves,” Yi Gang, a deputy governor at the central bank, said in a speech organized by China Economists 50 Forum at Tsinghua University yesterday.”… Continue reading
Passover, Full Moon Eclipse and Nose Bleeding Markets – EURUSD
byThe Jewish Pesach (Passover) started yesterday along with the full moon (eclipse) and Janet Yellen gave us nosebleed by not mentioning anything about monetary policy in her speech, leaving the market LOST and… Continue reading →