Tags » Monetary

Market's purple haze transparency

US stocks closed Wednesday after a 619 point gain to reach historic Monday afternoon highs, and yet some analyst are giving the all clear.

The last rate-raise bull at the Fed, NY chief Bill Dudley said in a speech Wednesday morning that he thought September rate hike was off the table. 171 more words

Economy

Plunge Protection Team to the "rescue"

For the second day in a row US equity futures are up almost 2% before the open.

This while China and European bourses are selling off, in some cases hard. 120 more words

Economy

The Opium War of the 21st century

This is your stock market: -588 points. This is your stock market on heroin, +601 Dow futures.

Like the Opium Wars of the middle 1800’s, China is supplying the needed dose by cutting its benchmark interest rates and lowering banks’ reserve requirement ratio in order to provide additional borrowing to a debt leveraged economy after stocks fell again Tuesday. 110 more words

Economy

Chinese takeout, Part 2

Welcome to no growth economy.

Market watchers said there was no bubble. Well tell that to equity investors in the Shanghai Composite, who have seen a 60%  to the downside since mid June, erasing all this year’s gains. 266 more words

Economy

DPR Seals NNPC, Forte Oil, 12 Other Petrol Stations

The Department of Petroleum Resources on Friday stormed several filling stations at Ikorodu, Ibeju-Lekki and Ketu, in Lagos, shutting down 14 stations for manipulating their dispensing pumps and over-charging buyers, among other offences. 385 more words

Politics

August's angst augurs agita

A quick update from the Catskills.

Anyone reading this blog for the last month, should not be surprised by stock sell off this week.

Global economic growth is cratering as we enter the currency wars of devaluing their currencies in the hopes of spurring growth through cheaper money. 105 more words

Economy

China, Europe and the Fed tell of global slowdown

So we get another nail in the US rate rise coffin.

Europe’s economy is not growing as fast as expectations as its GDP numbers came out short of projections. 143 more words

Economy