Authored by Frank Shostak via The Mises Institute,
According to the president of the Federal Reserve of St. Louis James Bullard the current level of US prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2% inflation target, calling the trend “worrisome.” The yearly growth rate of the consumer price index (CPI) eased in April to 2.2% from 2.4% in March.
Short-seller Carson Block triggered a small panic in Hong Kong on Tuesday after he told Bloomberg that he had identified a new short play listed in the former British colony.
Authored by Charles Hugh Smith via OfTwoMinds blog,
Building bridges to nowhere isn't just a waste of money in the present; it saddles the economy with productivity-draining costs for decades to come.
73 years ago today...
Gold remains the big winner post-payrolls...
Via Long Convexity blog,
As a trader one of the most frustrating things is to have the correct view on the direction of the market, while not being able to monetize that view because you have the wrong structure on.
Due to the lack of a deep & liquid options market in fed fund futures, many market participants - particularly macro players - instead leverage the highly liquid eurodollar options market to express views on the direction of short-term interest rates.