June 12, 2018 @ 7:42 pm | Breaking News |
The summit between U.S. President Donald Trump and North Korean dictator Kim Jong Un produced nothing of import, apparently meeting financial market expectations for “much ado about nothing,” and all eyes on Wall Street have shifted to what I’m...
December 28, 2016 @ 7:59 pm | Breaking News |
The Bank of Japan continues to go where no central bank has gone before. We’re talking “Let’s make it up” territory. The basic problem is that the Bank of Japan’s massive buying of government debt has failed to either raise the inflation...
November 14, 2016 @ 7:28 pm | Breaking News, Volatility |
The rout in global bonds continued today. The yield on the 10-year U.S. Treasury climbed 7 basis points to 2.22% as of 3 p.m. New York time. That’s the highest level since January and comes after a jump of 37 basis points last week. Yields on the 10-year German...
September 9, 2016 @ 7:41 pm | Breaking News |
I’ve been waiting seemingly forever for the financial markets to show some acknowledgement that central bank stimulus policies can’t go on until the sun turns into a dark cinder. For how long have I been waiting? More than a year certainly. But each time I...