Monday, August 31, 2015

80 Months of ZIRP, QE and every other tool = Zero Results.

Guest Post: Stanley Fischer Speaks - More Drivel From A Dangerous Academic Fool | Zero Hedge:



"
On the eve of the financial crisis in Q1 2008, total household debt outstanding—including mortgages, credit cards, auto loans, student loans and the rest——– was $13.957 trillion. That compare to $13.568 trillion outstanding at the end of Q1 2015."



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Wednesday, August 26, 2015

Rule 48: the arcane NYSE rule to tame a wild market

Rule 48: the arcane NYSE rule to tame a wild market: "Rule 48 was invoked a few times in recent years, including on Tuesday, January 22, 2008 and on Thursday, May 20, 2010. In 2008, the stock markets were subject to great volatility over fears of a global recession and in 2010, the European debt crisis caused panic buying and selling. The rule was also invoked during the August-September 2011 time frame, when European debt crisis fears and U.S. government shutdown debate again roiled the markets, and in early 2015, when massive snowstorms swept across the U.S. "



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Tuesday, August 25, 2015

So This Is Why The "Smart Money" Was Selling The Most Stocks In History | Zero Hedge

So This Is Why The "Smart Money" Was Selling The Most Stocks In History | Zero Hedge:



"The Bloomberg Smart Money Flow Index is calculated by taking the action of the Dow in two time periods: the first 30 minutes and the close. The first 30 minutes represent emotional buying, driven by greed and fear of the crowd based on good and bad news. There is also a lot of buying on market orders and short covering at the opening. Smart money waits until the end and they very often test the market before by shorting heavily just to see how the market reacts"



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Supply and Demand in the Gold and Silver Futures Markets - Paul Craig Roberts and Dave Kranzler - PaulCraigRoberts.org

Supply and Demand in the Gold and Silver Futures Markets - Paul Craig Roberts and Dave Kranzler - PaulCraigRoberts.org:



"For example, on July 7, 2015, the U.S. Mint said that due to a “significant” increase in demand, it had sold out of Silver Eagles (one ounce silver coin) and was suspending sales until some time in August. The premiums on the coins (the price of the coin above the price of the silver) rose, but the spot price of silver fell 7 percent to its lowest level of the year (as of July 7).

This is the second time in 9 months that the U.S. Mint could not keep up with market demand and had to suspend sales. During the first 5 months of 2015, the U.S. Mint had to ration sales of Silver Eagles. According to Reuters, since 2013 the U.S. Mint has had to ration silver coin sales for 18 months. In 2013 the Royal Canadian Mint announced the rationing of its Silver Maple Leaf coins: “We are carefully managing supply in the face of very high demand. . . . Coming off strong sales volumes in December 2012, demand to date remains very strong for our Silver Maple Leaf and Gold Maple Leaf bullion coins.” During this entire period when mints could not keep up with demand for coins, the price of silver consistently fell on the Comex futures market. On July 24, 2015 the price of gold in the futures market fell to its lowest level in 5 years despite an increase in the demand for gold in the physical market. On that day U.S. Mint sales of Gold Eagles (one ounce gold coin) were the highest in more than two years, yet the price of gold fell in the futures market."



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Monday, August 17, 2015

The Fed Is Scared To Raise Rates, Ron Paul Warns "Everything Is Too Vulnerable" | Zero Hedge

The Fed Is Scared To Raise Rates, Ron Paul Warns "Everything Is Too Vulnerable" | Zero Hedge: "Ron Paul told CNBC:

She’s going to be more hesitant to raise rates because she sees how fragile the global economy is… I could be wrong, but I don’t think they are going to raise interest rates.”
 
“I think there’s going to be enough problems existing, whether it’s the Chinese precipitating some crisis, or whether it’s our economy breaking down,” he said."



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