Originally posted at The Daily Bell,
Stock markets suspect Federal Reserve has interest rate jitters ... Hints that the Fed won't raise interest rates in March are proving to be good news for miners and oil producers' share prices The Federal Reserve's William Dudley said further strengthening in the dollar could have 'significant consequences' for the health of the US economy. – UK Guardian
Blame it on the dollar!
"Change" you just can't believe...
Source: Investors.com
The text that follows may be the best summary of what has happened on Wall Street - both forensically and philosophical - over the past 7 years, explaining how central banks broke the "market", and why traders, investors, regulators, policy makers, and everyone else suddenly has no idea either what is going on or what to do next. Not surprisingly, it comes from Deutsche Bank, which this week has been staring at the corpe of Lehman Brothers and wondering if it is next...
From DB's Aleksandar Kocic
Asphyxiation -- code orange?
There are three important observations in the latest "Things We've Learned This Week" weekly report from Credit Suisse's James Wicklund.
Long before the saying "BTFD" emerged on Wall Street as a result of some $13 trillion in central bank liquidity injections (now rapidly unwinding as a result of the failure off the Petrodollar and the so-called Quantitative Tightening) which made corrections impossible if not yet illegal, the phenomenon of buying sharply falling stocks had a different name on Wall Street: "catching a falling knife" (alternatively "dash for trash").