Tag Archives for " US federal reserve "

US debt ceiling and the point of no return

What is the drifting gold price trying to tell us, because rising inflation and reckless government fiscal policies suggests impending currency debasement? Is this just another case of cognitive dissonance, that has accompanied COVID-19(84), or perhaps a temporary phenomena such as a big holder being forced to sell gold to raise USD to cover some […]

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Fed flip-flops on tapering again – haven’t we been here before?

A solid monthly jobs report and the Fed rushes out some rumours that it may bring forward the supposed planned tapering. Yes, they’re that obvious!  From the subsequent -6% drop in the gold price, it would seem a few precious metal traders were happy to take the bait, although the lack of follow through from […]

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June employment data – enough to keep the various bull(S) spin machines fed

June’s US non-farm payroll numbers probably contain enough straws for punters to continue to spin a positive prognosis for markets.  A further  rise in monthly private sector jobs of  +662k,  suggests the US recovery is building, but the modest increase in average earnings, given these are focused on the lower paid and more transitory jobs […]

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Command economics, or just fantasy financing?

Are the lockdowns really an attempt to spare over-whelming health services, or an excuse to bail out all those bad loans sitting on bank balance sheets since 2008? Either way, as IFR data emerges and debt liabilities spiral out of control, the justification and ability to sustain these policies are crumbling. Without central bank support […]

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GDP driven rate increases in the US threatens to pummel an already challenged ECB QE policy

Equity markets were widely reported to have bounced on Friday after the solid May private sector job growth, albeit the accompanying rise in average hourly wage growth presages another rate rise by the Fed. With EU’s grip on its southern flank unravelling as friendly regimes in Spain and Italy are replaced however, the prospects of […]

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June US payrolls: Dead zone between Fed rate decisions

With the Fed having already edged up rates, June’s non-farm payrolls were going to have to be fairly spectacular to merit much attention as the ‘new’ Presidential grand tour moves to Europe and the G20.  The reported MoM net job additions of +222k looked solid enough, although strip out government adds of +35k and Private […]

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Wazzup – 12th June 2017

Theresa may have to eat crow when she dines with newly elected Macron tomorrow, but the more immediate driver to markets this week will be whether the Fed raises rates on Wednesday despite weak inflation, GDP and net job growth. For the UK, weak sterling and consumer expenditure growth figures from VISA suggest continued pressure […]

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