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Notes From Underground: Its a Very Cold Day In July ... When Bundesbank Capitulates

The financial press is filled with articles about the recent EURO weakness. During the last week the EU currency has fallen about 1.5 percent. Many pundits have opined that it is the Ukraine situation and Gaza that have made investors uneasy, thus the move into U.S. 562 more words


Notes From Underground: The Bank That Kicked the Hornets Nest

The release of Thursday’s U.S. employment data synchronized with ADP’s private sector report of 281,000 jobs created. The Department of Labor had a gain of 288,000, including the strongest growth in government jobs since the onset of the great financial crisis. 958 more words


Notes From Underground: The Unemployment Report Table Is Set, Will You Be On The Menu?

Today’s release of the ADP report caused the market to react in highly predictable fashion. ADP data predicts a nonfarm payroll in the high 200,000 and as to be expected the… 881 more words


Notes From Underground: Is Mark Carney Subverting the Bank of England's Credibility?

It was 12 days ago the BOE’s Mark Carney delivered his Mansion Speech and warned markets that interest rates could rise faster than investors were forecasting, resulting in a strong rally in the British Pound against all currencies. 446 more words


Notes From Underground: How Do Markets Test the FED?

In following up on the theme of the last three blog posts, it’s always a question how ┬ámarkets test central bank policies. As is frequently mentioned, when investors fear that central banks will err on the side of… 811 more words


Notes From Underground: The IMF's Role Has Become Too Subjective to be Objective

One upon a time, the IMF‘s mission was to aid countries suffering balance of payments problems and dealing with the possible credit problems that would arise for over-extended nations. 993 more words


Notes From Underground: Tidying Up Before the Yellen Press Conference

Has the Federal Reserve lost its MIND!?!? The front page of the Financial Times’ headline read: “Fed Fears Over Bond Fund Run.” Fed officials are publicly ruminating about the need to impose… 562 more words