The New New 'Deal' - "Markets Are Too Important To Be Left To Investors"
Submitted by Ben Hunt via Salient Partner's Epsilon Theory blog,
Five Easy Pieces for the World-As-It-Is
Our story so far...
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US Federal Reserve
9 Signs That 2016 Looks Ominously Like 2008 (Just Before The Crisis)
Submitted by Simon Black via SovereignMan.com,
If you haven’t seen the 2015 Best Picture nominee, The Big Short, I strongly recommend it.
The Big Short is based on Michael Lewis’ book which examines how such an extraordinary financial crisis gripped the world in 2008, and the handful of people who saw it coming.
The movie opens asking a very simple question about the global financial meltdown:
Weekend Reading: Did The Fed Just Cage The Bear?
Submitted by Lance Roberts via RealInvestmentAdvice.com,
The past two week’s have been full of Central Bank interventions starting with the ECB last week and culminating with a more accommodative Fed and BOJ interventions this week.
As stated earlier this week:
Fed Sparks "QE Trade" As Stocks, Bonds, Gold Soar
What happens next?
Well it's been another week... As Goldman said this was the 4th most dovish Fed surprise since 2008
WTI Crude Slides Back Into Red For 2016 As The Fed And Oil Remain On Unsustainable Paths
Oil prices have increased 50 percent since the lows exhibited earlier this year, a rise that is largely linked to the positive market reaction to the OPEC output freeze.
But WTI Crude has given up all its early morning "see oil is fixed" gains in a hurry as once again the algo ramps give way to the realization that, as OilPrice's Leonard Brecken notes, comes even as for all intents and purposes OPEC has nearly reached its production limits and Iran still plans in increasing output.