Archive | Financial News

This is the simplest argument we’ve seen for leaving the Euro

There are loads of good arguments out there for why Greece (or Italy, or Spain, or Portugal) should leave the Euro.  We’ve always been partial to the basic philosophical truth that monetary policy lies at the core of national sovereignty. No nation is sovereign if they can’t set monetary policy. And then we saw this chart (from the […]

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China markets get obliterated. This is why you need to pay attention.

It’s been an ugly week for Chinese equities, but today’s performance is a whole other level of ugly: Today marked the fourth largest decline of the Shanghai Composite in two decades. We’ve discussed the insane valuations on the Shanghai and Shenzen stock-exchange before. As our regular readers will know, today’s fireworks have been a long time in […]

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Will there be an epic (final) US Dollar rally?

When large ships first begin sinking, they tend to sink evenly.  The lowest part of the hull, or bilge,  fills with water increasing the weight of the ship and pulling the entire ship down evenly.  Then as the water-level reaches successively higher decks, the rushing water often causes an increase in weight towards the bow or the stern. The increased weight […]

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Central banks speculating in equity-markets: What could possibly go wrong?

Yesterday, in Congressional testimony Janet Yellen apparnetly felt it was within her mandate as Chair of the Federal Reserve to slap a “sell rating” on social media stocks and bio-techs. The smack-down of two sectors certainly raised eyebrows. Why?  Because it was one more disturbing sign of increasing Federal Reserve involvement in equity markets.  The big question […]

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Please help us raise funds to visit Paul Krugman’s home planet.

We’re asking for your support to help crowd-fund a purpose-built spacecraft. We haven’t gotten around to making a page on StartJoin yet, but it’s coming. Why, you ask?   Because after reading Paul Krugman’s editorial defending Fed policies last week, we have become intensely interested in visiting his planet. So if you’re ready to hear our “pitch”, please sit […]

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Is the Fed going to attempt a controlled collapse?

As most Fed watchers know, last week was interesting because Janet Yellen, speaking at IMF came out and said something quite surprising.  In a nutshell, she said “It’s not the Fed’s job to pop bubbles”.   While many market participants immediately took this to mean, “To the moon, Alice!” and started buying equities hand over fist, there’s […]

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Is the market about to crash? Rolling returns say “yes”.

ZeroHedge is running this chart at the moment.  It’s a nice visualization and certainly food for thought.   For the record, we agree that it sure looks ugly.   Cumulative / consecutive returns show the market entering the historic “crash-zone” right about now.   It’s important to note however, that this visualization would have done little to predict […]

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Check out these humiliating CNBC stats

It’s no secret that CNBC is in deep trouble.   Viewers are abandoning the station in droves.   The always-bullish network, which made a name for itself by doling out faux-investment advice from overly made-up, former prom queens, has now released it’s latest viewership statistics.  The picture is grim. CNBC viewership has now fallen to numbers not seen […]

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