The lead consensus at JP Morgan holds that the ECB will cut its deposit rate to -0.5% next month and then in June to -0.7%. European banks hold one trillion euros in non-performing loans, and Greece i...
This is getting just plain nuts. Here is what Janet Yellen said today about the possibility of negative interest rates: In light of the experience of European countries and others that have gone to ...
It fascinates me how bear markets all feel alike in some ways. What I remember very clearly from the equity bear markets of 2000-2002 and 2007-2009 is that bulls wanted to bottom-tick the market at ev...
The Asian session had set up for big losses, but markets were able to defend against such losses even if finishing with a lower close. The S&P tagged the January low, but it’s hard to see it...
I use the June 2018 eurodollar futures contract as a significant benchmark in my analysis of money markets because I feel it represents a solid cross section of sometimes conflicting influences. It’...
Groupon (GRPN) and Pandora Media Inc. (P) released their latest quarterly earnings reports after closing bell tonight. Groupon posted adjusted earnings of 4 cents per share, compared to the expectatio...
Doctors of Doctrine In the wake of the great crash of 2008 a lot of young people suddenly became interested in finance and signed up for university courses to learn about the detail of what went wrong...
A Nobel prize winning economist, former chief economist and senior vice president of the World Bank, and chairman of the President’s council of economic advisers (Joseph Stiglitz) says that the Inte...
The Dow Jones Industrial Average (DJI) closed at 15,660 today (six points below the last secondary low). DJIA is now confirming the long term down trend with the Dow Jones Transportation Average (DJT)...
There’s no shortage of good material from you folks. The comment boards are lighting up, and no surprise given the explosive reports I’ve filed for you in the past week on the European banking cri...