"Uncertainty" exploded in January for The Fed, and after today's "great" (surging job gains) and "terrible" (plunging wages) jobs data (as well as surging current inflation and plunging inflation expectations), we can only imagine Yellen will be even more confused at March's meeting.
Source: @Not_Jim_Cramer
Time for a stock market selloff to force The Fed to back off its tightening bias once again...
With Dec rate hike odds now above 70%...
Legendary billionaire investor Jim Rogers is certain that the U.S. economy will be in recession in the next 12 months. During an interview on BloombergTV, he explained why he had covered his position in the Japanese yen, saying that the nation is "printing a lot" of the currency. Rogers also warned that there is a "100 percent" probability of a recession in the U.S. within a year, and with debt levels very high across the nation, this is a grave concern.
Jim Rogers sums up the carnage that is coming...
Submitted by Leonard Brecken via OilPrice.com,
Despite domestic production declining and demand surging, the EIA reported oil inventories surge by more than 10 million barrels, or more than three times what was expected.
Two weeks ago we reported that one month after China created a record $520 billion in total credit (TSF), through February 18 Chinese banks had followed through with another CNY2 trillion according to MarketNews, meaning that in the first two months of the year China will have created a gargantuan $1 trillion in new credit between loans and unregulated shadow banking issues.
For the 11th week in a row, US oil rig counts declined (down 8 this week to 392). This is the first drop below 400 oil rigs since Dec 2009.
Judgiung by the neat perfect correlation between rig counts and lagged oil prices, we would expect further declines before any re-increase occurred.
Perhaps even more stunning, the total US rig count dropped to 489 rigs last week. 1 above the all-time record low 488 seen in April 1999...