Beware of the Monetary Mobsters!

Last month the IMF came up with a ‘brilliant plan’ to solve the crisis in Europe. As the old continent suffers from record unemployment and a debt pile that has gotten out of control in several (mostly) Southern European countries, the idea is to targe… [...]

Russell Napier: "We Are On The Eve Of A Deflationary Shock "

In the aftermath of Ray Dalio’s conversion to an inflationista earlier this year (even if he has since once again been pushing a deflationary agenda when he once again went long Treasurys in late September as Zero Hedge reported previously), which prom… [...]

European Unemployment Declines From All Time High, Youth Unemployment Hits Fresh Record – Full Breakdown

Following the “good” news in the inflationary front, in which European November CPI rose and beat expectations if posting the first sub-Japan inflationary rate in Eurozone history, Eurostat followed with more holiday cheer when it reported a surprising… [...]

No Red Futures On Black Friday

A hungover America slowly wakes up from a day of society-mandated consumption and purchasing excess to engage in even more Fed-mandated excess in the equity markets. The only difference is that while the “90%” was engaged in the former and depleting th… [...]

European Inflation Rises From The Ashes On Rebound In Energy Prices

If October’s stunning(ly low) inflation print of 0.7% is what conventional wisdom believes is the reason for the surprising ECB rate cut (it isn’t – the culprit was the record low increase in private loan creation), then the just released modest increa… [...]

Thanksgiving Frontrunning And Market Summary

European shares remain higher though are off intraday highs. Italian, Spanish markets are the biggest gainers among larger bourses, Swiss the worst. Euro is stronger against the dollar. Commodities decline, with soybeans, zinc underperforming and wheat… [...]

Exposing The Reality Of The "Too Good To Be True" Greek Budget Myth

Authored by Martin Feldstein, originally posted at Project Syndicate, Recently, newspaper headlines declared that Greece would have a balanced budget for 2013 as a whole. The news came as quite a shock: Recall that when Greek officials came clean about… [...]

The Punch Line: The Complete Macroeconomic Summary And All The Chart To Go With It

From Abe Gulkowitz’ The Punch Line Meager Growth but the Market Roars… An interim deal on Iran’s nuclear program pushed oil prices lower and sent global equities higher as investors’ risk appetite rose on an easing of some Middle East tensions. A… [...]

Futures Go Nowhere In Quiet Overnight Session

In fitting with the pre-holiday theme, and the moribund liquidity theme of the past few months and years, there was little of note in the overnight session with few event catalysts to guide futures beside the topping out EURJPY. Chinese stocks closed a… [...]

Chart Of The Day: How China’s Stunning $15 Trillion In New Liquidity Blew Bernanke’s QE Out Of The Water

Much has been said about the Fed’s attempt to stimulate inflation (instead of just the stock market) by injecting a record $2.5 trillion in reserves into the US banking system since the collapse of Lehman (the same goes for the ECB, BOE, BOJ, etc). Eve… [...]