Business

"Probably nothing..."

ECB Minutes spoiled the bond party... when does it become a full blown tantrum...

It is becoming increasingly apparent that the Fed, now data-independent, has just one mandate: keep hiking interest rates until markets break.

Authored by Andrew Zaitlin via MoneyBallEconomics.com,

Slower Spending Growth In Q3

When Vice spending momentum began to slow in February, I blamed near-term noise.  I thought it might be tied to February’s tax refund deferral.

And when it slowed again in March, I blamed Easter.

But vice spending growth continues to slow.  In fact, in the latest month, it points to contraction in 3Q or early 4Q.

It was already a jittery day for fixed income investors, with a bond rout which started after today's French auction was poorly received, unleashing a selling scramble and sending Bund yields above 0.50% for the first time since January 2016, and breaking out above a key support level, then crossing the ocean and slamming both US stocks and bonds. And according to Jeff Gundlach, who recently doubled down on his vocal bond bearishness on Twitter...

Keeping it Simple - Soren K. Group

authors Vince Lanci, "Fay Dress", and "Bon Scott" for Marketslant.com

We Can't Know

The title implies we can know without a doubt why Gold is dead since 2011. The reasons for Gold's demise cannot be known through deductive methods. To do that we need facts. To get facts we need Government transparency. That isn't happening.