Monthly Archives: September 2016

Let’s talk about Deutsche Bank (DB). Deutsche Bank is the 11th largest bank in the world. It has assets of $1.8 trillion and over ~$60 trillion in derivatives on its books. From a balance sheet perspective, DB’s balance sheet is … Continue reading →

Time for a reality check. The market has had nothing but positives for three months now. BREXIT was contained. The Fed failed to raise rates again. The Bank of Japan and European Central Bank are printing a combined ~$180 billion … Continue reading →

The head of HSBC’s Technical Analysis group just issued a major warning. Unless the markets can take out its September highs, we could very well see a repeated of the 1987 Crash. Murray Gunn is head of technical analysis for … Continue reading →

The financial world is abuzz with talk of the first Presidential debate. Meanwhile, one of the largest derivatives books in the world is imploding. Deutsche Bank (DB) is the 11th largest bank in the world. And it has over $61 … Continue reading →

Few analysts noted it, but the $USD actually staged its second strongest day of the year the Friday before last. The only other day in which the $USD rallied more was on the day of BREXIT, a black swan event … Continue reading →

So much for the narrative. The latest myth being promoted in economic circles is that median income growth exploded higher last year. The people promoting this myth obviously didn’t bother reading the actual report and don’t understand what the word … Continue reading →

The Bank of Japan failed to announce any new policy initiatives today. The reasons are financial and political. From a financial perspective, the Bank of Japan is well aware that its current tools cannot and will not generate sustained GDP … Continue reading →

The markets are in waiting mode as the Bank of Japan and Federal Reserve meet this week. However, smarter markets than stocks are already adjusting to a weak global economy. Oil, which lead the S&P 500 to the upside from … Continue reading →

The Fed is running a virtual repeat of 1937. The common narrative is that the Fed “didn’t do enough” during the Great Depression. This is used to justify the Fed’s use of non-stop extraordinary monetary policy post-2008. But it’s a … Continue reading →

Minneapolis Fed President Neel Kashkari wants us to believe that the Fed is not a political entity. Kashkari is either ignoring reality or simply providing cover for the single most political Fed in history. This is not a Left vs. … Continue reading →

The billionaires are coming out of the woodwork. Carl Icahn paid his way through Princeton playing poker. The man understands risks and has accrued one of the largest fortunes in history playing the markets. Regardless of whether or not you … Continue reading →

Mark Cuban just conceded to me that Central Banks have cornered the bond market. Cuban is a billionaire investor, owner of the Dallas Mavericks, and reality TV star from Shark Tank. He’s also begun making a series of strange media … Continue reading →

The election year fix is in… and Janet Yellen is praying the markets hold together until November. President Obama met privately with Yellen in April of this year. It was their first private meeting together since November 2014 (the Congressional … Continue reading →