Submitted by Peter Schiff via Euro Pacific Capital,
It may be almost impossible to underestimate the gullibility of professional Fed watchers. At least Lucy van Pelt needed to place an actual football on the ground to fool poor Charlie Brown. But in today’s high stakes game of Federal Reserve mind reading, the Fed doesn’t even have to make a halfway convincing bluff to make the markets look foolish.
Submitted by Pater Tenebrarum via Acting-Man.com,
Reader Questions on Negative Interest Rates
Our reader L from Mumbai has mailed us a number of questions about the negative interest rate regime and its possible consequences. Since these questions are probably of general interest, we have decided to reply to them in this post.
The NIRP club – negative central bank deposit rates – click to enlarge.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
"Off the lows"...
So this just happened...
But it doesn't really matter when all it takes is a phone call...
Post-Payrolls, stocks faded until the US open, and then took off...
When looking back in history, December 23, 2015 may be the date the global trade wars officially began. On that day, as we reported at the time, the U.S. imposed a 256% tariff on Chinese steel imports.
It did so perhaps with good reason: with its local end markets mothballed, China was desperate to dump as much excess capacity as possible offshore with shipments of steel, oil products and aluminum all reaching new highs according to trade data from the General Administration of Customs, and the result was a dramatic drop in US prices.