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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: January 7, 2015
Bonds and copper yawn at Fed’s latest growth optimism
This afternoon’s Fed minutes reflect the usual team of congenitally confused academics wandering around in circles of economic theory. Bottom line: they still think inflation and growth will pick up this year (as they have expected every single year) and … Continue reading
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Gig is up: Euro QE talk signals panic not strength
More of the bond buying ‘good money after bad’ that hasn’t worked in Japan and the US? Lowering interest rates to virtually nothing and super cheap loans for banks didn’t work, so ECB chief Mario Draghi has to do what … Continue reading
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Financial industry continues to block meaningful reform
Joseph Stiglitz, the Nobel laureate economist who called for a tax on high-frequency trading, discusses how he was blocked from a regulatory reform panel by the financial lobby. Here is a direct video link.
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