fbpx

rupee

Synchronizing Chinese Prices (and consequences)

By |2022-05-12T20:28:47-04:00May 12th, 2022|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It isn’t just the vast difference between Chinese consumer prices and those in the US or Europe, China’s CPI has been categorically distinct from China’s PPI, too. That distance hints at the real problem which the whole is just now beginning to confront, having been lulled into an inflationary illusion made up from all these things.To start with, yesterday China’s [...]

So Much Fragile *Cannot* Be Random Deflationary Coincidences

By |2022-03-07T20:34:51-05:00March 7th, 2022|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

At first glance, or first exposure to this, there doesn’t seem to be any reason why all these so many pieces could be related. Outwardly, from the mainstream perspective, anyway, you’d think them random, and even if somehow correlated they’re supposed to be in the opposite way from what’s happened. Too much money, they said. It began with the Fed’s [...]

No Talk In The Dollar Shadows

By |2021-01-22T19:03:29-05:00January 22nd, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The company isn’t bankrupt, it just doesn’t have the right currency in its reach to repay debts coming due. YPF is Argentina’s (former) gold mine, in this case the black gold of energy exploitation. State-owned, the business has obviously close ties to the ruling powers-that-be and a privileged place to go along with them. Its formal name, Yacimientos Petrolíferos Fiscales, [...]

Being Specific About Dollar Specifics

By |2021-01-11T19:21:19-05:00January 11th, 2021|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Last week, IHS Markit reported that sentiment in Mexico’s factory sector had slipped again during December 2020. The organization’s manufacturing PMI had declined for the second straight month, having peaked recently back in October. Even then, the index hadn’t yet come close to crossing the magic 50 dividing line. The best it had managed during this global rebound was a [...]

The Non-Election Election Mini-chartapalooza

By |2020-11-02T19:10:47-05:00November 2nd, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Trump or Biden? Will we even know tomorrow? Many purport that markets are leaning one way or the other, typically based on whichever market leaning puts whatever preferred candidate in the most favorable light. Everyone’s a winner in the run up. I don’t think there’s a lot of trading that goes with either candidate. As things stand right now, from [...]

Sobering Germans To The Mexican and Indian “V”

By |2020-10-13T17:38:49-04:00October 13th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The original “V” narrative was simple and straightforward. The economy was turned off by governments prioritizing modeled simulations of something like the Black Death, but it would be easy enough to turn it right back on especially with the aid of so much “stimulus” being added in every possible way. Monetary, fiscal, you name it.Piece of cake. Legitimizing the choice [...]

Brief Summary Of Where Things Stand Getting Closer to Q4

By |2020-09-24T20:25:50-04:00September 24th, 2020|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Flash PMI’s for September 2020 around the world add more evidence to the possibility of a global slowdown during the economy’s all-important rebound quarter. Q2 was the big downturn, and so it always going to be Q3 where the bounce back would be sharpest. While that has definitely been the case, concerns are mounting for what might follow in Q4. [...]

OMG The Dollar!!!

By |2020-07-29T17:37:12-04:00July 29th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The way you hear it nowadays, the dollar just can’t catch a break. If it’s not a load of “V’s” indicated by some obscure data point (like the otherworldly spike in US home ownership levels), then it is Jay Powell who is clearly gunning for the US currency. He can’t kill it fast enough, having had more than enough of [...]

Three Quarters of a Trillion In Three Weeks, And Bill Yields Are Down Again

By |2020-04-16T18:48:03-04:00April 16th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Hold all the congratulations. Jay Powell is, with a huge assist from the financial media, trying to pre-empt what comes next by taking a premature victory lap. The Fed isn’t just your central bank it is your friend. The amount of pure propaganda being put out lately is understandable if still disgusting. March was a good month to include [...]

Go to Top