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Notes From Underground: Just Another Day So Let's Review

First, tomorrow morning Goldman’s Lloyd Blankfein will be rolled out on CNBC to share his wisdom about the state of global markets. Maybe he will remind investors that Goldman and other banks are doing… 800 more words

Fed

Notes From Underground: Draghi Comes Clean -- He's a Confidence Man

Standard dictionary definition of a CONFIDENCE MAN: “A SWINDLER WHO TRIES TO GAIN THE CONFIDENCE OF THE VICTIM IN ORDER TO DEFRAUD.” In a… 722 more words

ECB

Notes From Underground: Draghi Holds Back From Any Rate Cut or QE

Today, President Mario Draghi guided the ECB Board to a status quo decision on the monetary policy of the EU. In yesterday’s NOTES, I opined that when Merkel and Draghi met in Berlin last Friday it was to receive the blessing from the Empress of Europe for a renewed effort at monetary stimulus. 720 more words

ECB

Notes From Underground: For the Sake of Capitalism, Pepper Spray Davos

Please, PEPPER SPRAY ALL THE ATTENDEES OF DAVOS in order to halt the rape of taxpayers and consumers across the globe. This annual conclave is responsible for more wealth destruction and the widening disparity in… 897 more words

Fed

Notes From Underground: Tomorrow's Unemployment Release Is a Meaningless Event, UNLESS ...

After today’s violent market reaction to a wounded Mario Draghi (more on that later),the consensus numbers for tomorrow’s U.S. jobs data will render the December interest rate rise by the… 560 more words

ECB

Notes From Underground: The Clash Of Civilizations, France Vs Germany

I know, I know. The clash of civilizations is purportedly about the struggles between the Islamic World and that of Judeo-Christian-based beliefs. But from our global-macro perspective it is the open battle between France and Germany for domination of the… 1,029 more words

ECB

Notes From Underground: All My Words Come Back To Me

Sometimes world leaders and CEOs ramble and say things that reverberate for longer than intended. Two things in particular are echoing in the canyons of poorly thought-out ideas: President Barak Obama’s comparing the military potential of… 765 more words

ECB