In an earlier article, I explained that the collapse in the long-dated UK government bond (or gilts) market on September 28 that followed the ill-fated Kwarteng “mini budget” of a few days earlier had exposed a hitherto underappreciated problem: UK pension schemes were massively exposed to changes in long-dated gilts rates. The week after the mini budget, the gilts market became very unsettled. To quote the Financial Times: Huge shifts in bond prices were leaving...
Read More »Bitpanda Receives Full Crypto Custody and Trading License in Germany
Austrian crypto platform Bitpanda has received a full operating license from the German Federal Financial Supervisory Authority or BaFin for the custody and proprietary trading of crypto assets. Bitpanda claims to be the first European retail investment platform to obtain the license which was introduced by BaFin in 2020, allowing it to actively market and offer services in the German market. Founded in 2014, Bitpanda now has nearly four million investors on its...
Read More »As predicted, here it comes, something big is going on right now.
Markets and curves have been more and more strenuously pricing only bad/worsening scenarios, with the data coming behind and confirming the predictions. The US and world economy had reached a critical threshold, and today it appears as if both breached it markets and data. Now what? Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com https://www.PortfolioShield.net...
Read More »Calm Markets with Japan on Holiday Today and the US Tomorrow
Overview: The capital markets are quiet today with Japan on holiday and the US on holiday tomorrow. Asia Pacific equities were mostly firmer after yesterday’s rally on Wall Street. Europe’s Stoxx 600 is about 0.25% higher and at its best level in three months. US futures are steady to slightly higher. Benchmark 10-year yields are little changed. The dollar is narrowly mixed against the major currencies, with Scandis leading the way. Sweden is expected to raise rates...
Read More »Their return is becoming a near-certainty even amidst all this uncertainty.
Curves all over the place aren't pricing normalcy or a soft landing, they're hedged for global money and macro conditions that will maybe inevitably lead to more QEs. Reviewing what that has meant as well as what we can learn about it from recent developments in Japan. Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com https://www.PortfolioShield.net RealClearMarkets Essays:...
Read More »Consolidative Session, even if Not Turn Around Tuesday
Overview: The US dollar is trading with a somewhat heavier bias after bouncing higher yesterday. All the G10 currencies are higher, led by the New Zealand dollar, where the central bank is expected to hike first thing tomorrow. Most emerging market currencies are also firmer. Those that are not, like the South Korean won and Mexican peso, are nursing minor losses. The surge in Covid cases weighed on Chinese shares that trade in Hong Kong, while the CSI 300 posted...
Read More »The REAL Solution to the Coming Economic Crisis
My previous article demonstrated how the free market solves a boom-bust crisis and is the only solution, its effectiveness depending upon the magnitude of the crisis and, more importantly, how much the government intervenes in response. The bigger the problem created by the Fed, the greater the crisis and the more government intervenes, and the slower the economy recovers. Here we consider how the market works most effectively, with the efficiency of the process...
Read More »Bill Bonner Taft College Catcher
CEO Keith Weiner interviewed on Ticker News
CEO of Monetary Metals Keith Weiner joins Ticker News Insight to talk about the emerging success of Monetary Metals' gold bonds, failing fiat currencies, and what investors should expect from gold. Ticker News Insights focuses on the best of businesses minds from all around the world. Interest on Your Gold and Silver with Monetary Metals 🏆 Gold Fixed Income https://buff.ly/3nWdLBw 🔐 The New Way to Hold Gold https://buff.ly/3xoCgNm 📈 The Case for Gold Yield in Investment Portfolios...
Read More »Futures Edge Ep 34 : Why Gold is better than Bitcoin with Keith Weiner
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