<Click on chart for larger image> The Wall Street Journal – Andy Kessler: Hedge Funders Are All a Little Nuts Sleepless nights, minds racing, working out both sides of all arguments, second guessing. Stay sane? No gain Hedge funders are in the news. Carl Icahn tweets about his dinner with Apple’s Tim Cook. Dan Loeb… Continue reading Hedge Funds
<Click on chart for larger image> MarketWatch.com – Betting on September’s terrible odds Let me first review the impressive statistics behind September’s terrible reputation. Since the Dow was created in 1896, it has lost an average of 1.09% during September. The average return during all other months, in contrast, has been a gain of 0.75%… Continue reading A Look At Stock Performance In September
The Financial Times – Robin Harding: Central bankers have given up on fixing global finance We desperately need to regain our appetite for a new kind of financial system The world is doomed to an endless cycle of bubble, financial crisis and currency collapse. Get used to it. At least, that is what the world’s… Continue reading Central Bankers Need To Let The New Financial System Evolve
MoneyBeat (WSJ Blog) – Four Reasons the Fed Should Start Tapering in September Nevertheless, here’s a look at four reasons the Fed should start curtailing its asset purchases at next month’s meeting. This is the first of two posts looking at the pros and cons of tapering in September MoneyBeat (WSJ Blog) – Four Reasons… Continue reading Tapering vs Not Tapering
MarketWatch.com – Syria, emerging-market crisis will stop the taper The script was all set for the rest of the 2013. Come the autumn, the Federal Reserve would slowly start to unwind the quantitative easing that has been pumping fresh money into the markets. Bond yields would start to slowly rise. The economy might stutter, but… Continue reading Could Syria Be The Reason The Federal Reserve Delays The Taper?
The Wall Street Journal – War Fever Could Break in Oil Prices Syria is the oil market’s crisis du jour. Some sort of U.S. intervention in that country’s civil war now looks likely, perhaps within days. That raises the prospect of disruption to oil supplies—and higher prices. Brent crude has risen 5% since the start… Continue reading Oil Prices And The Crisis In Syria
Bloomberg.com – Currency Spikes at 4 P.M. in London Provide Rigging Clues “We see enormous spikes,” said Michael DuCharme, head of foreign exchange at Seattle-based Russell Investments, which traded $420 billion of foreign currency last year for its own funds and institutional investors. “Then, shortly after 4 p.m., it just reverts back to what seems… Continue reading Are Currencies Being Rigged?
The Telegraph – Angela Merkel: Greece should never have been allowed in the euro The German leader’s outburst came as she attempted to prove to voters she maintains a tough stance on struggling euro countries, just a month before facing key elections. “Greece shouldn’t have been allowed into the euro,” Ms Merkel told around 1,000… Continue reading Greece & The Euro
<Click on chart for larger image> The Financial Times – Eurozone is heading for a relapse back into crisis Since mid-2012, the European financial crisis has been in remission, with the symptoms of the underlying disease temporarily suppressed. A combination of austerity programmes, debt writedowns, the European Central Bank’s commitment to “do whatever it takes”… Continue reading Europe
<Click on graphic for larger image> Zero Hedge (blog) – CNBC Core Viewership Drops To Fresh 20 Year Low, Worst Nearly Since Inception If last night the year 1993 was notable for India, as the Rupee had its largest plunge since March of that year two decades ago, today 1993 is just as memorable for… Continue reading CNBC’s Bear Market Continues
The Wall Street Journal – Fed’s Yellen, Husband Worth Up to $13.2 Million in 2012 The two leading candidates to lead the Federal Reserve have at least one thing in common: millions of dollars in household assets. Janet Yellen, the No. 2 at the Fed’s Board of Governors, and her husband—Nobel Prize-winning economist George Akerlof—had… Continue reading Don’t Worry…Federal Reserve Officials Are Doing OK Financially
The Financial Times – JPMorgan’s woes deepen as US demands $6bn penalty US authorities are demanding JPMorgan Chase pay more than $6bn to settle allegations it mis-sold securities to government-backed mortgage companies in the run-up to the financial crisis, according to people familiar with the discussions. The bank is resisting the payment, which would be… Continue reading Today’s Edition Of JP Morgan Criminal Activity