Tag Archives: U.S. Treasuries

Early Warning Signals in a Fragile System [ed note: here is Part 1; if you have missed it, best go there and start reading from the beginning] We recently received the following charts via email with a query whether they should worry stock market investors. They show two short term interest rates, namely the 2-year t-note yield and 3 month t-bill discount rate. Evidently the moves in short term rates over the past ~18...

USD/CHF The USDCHF pair broke 0.9892 level and settles below it now, which supports the continuation of our correctional bearish trend efficiently in the upcoming period, and the way is open to head towards 0.9800 level that represents our next main target. The EMA50 supports the negative overview, which will remain valid and active unless breaching 0.9930 followed by 0.9970 levels and holding above them. Expected...

USD/CHF USD/CHF, November 15(see more posts on EUR/CHF, ) Source: economies.com - Click to enlarge USD/JPY [embedded content] USD/JPY with Technical Indicators, November 15(see more posts on USD/JPY, ) - Click to enlarge EUR/USD [embedded content] EUR/USD with Technical Indicators, November 15(see more posts on EUR/USD, ) - Click to enlarge GBP/USD [embedded content] GBP/USD with Technical Indicators,...

There is no argument that the New Deal of the 1930’s completely changed the political situation in America, including the fundamental relationship of the government to its people. The way it came about was entirely familiar, a sense from among a large (enough) portion of the general population that the paradigm of the time no longer worked. It was only for whichever political party that spoke honestly to that...

USD/CHF EUR/CHF Euro / Swiss Franc FX Cross Rate, November 06(see more posts on EUR/CHF, ) Source: markets.ft.com - Click to enlarge USD/JPY [embedded content]>> USD/JPY with Technical Indicators, November 06(see more posts on USD/JPY, ) - Click to enlarge EUR/USD [embedded content] EUR/USD with Technical Indicators, November 06(see more posts on EUR/USD, ) - Click to enlarge GBP/USD...

USD/CHF EUR/CHF EUR/CHF and USD/CHF, October 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge USD/JPY [embedded content] USD/JPY with Technical Indicators, October 30(see more posts on USD/JPY, ) - Click to enlarge EUR/USD [embedded content] EUR/USD with Technical Indicators, October 30(see more posts on EUR/USD, ) - Click to enlarge GBP/USD [embedded content]...

The most significant part of China’s 19th Party Congress ended in the usual anticlimactic fashion. These events are for show, not debate. Like any good trial lawyer will tell you, you never ask a question in court that you don’t already know the answer to. For China’s Communists, that meant nominating Xi Jinping’s name to be written into the Communist constitution with the votes already tallied. Without any objection,...

Left: the first IKEA store located in Älmhult in Sweden, near the residence of the company’s founder (nowadays the store is a museum); right: a Task Rabbit car. - Click to enlarge Amassing Unproductive Debt Last week, we discussed the marginal productivity of debt. This is how much each newly-borrowed dollar adds to GDP. And ever since the interest rate began its falling trend in 1981, marginal productivity of debt...

When I wrote the update two weeks ago I said that we might be nearing the point of maximum optimism. Apparently, there is another gear for optimism in this market as stocks have just continued to slowly but surely reach for the sky. Which is fine I suppose since we own the devils (although not much in the way of the US variety) but I can’t help but wonder what happens when the spell breaks. Goldilocks may be in the...

USD/CHF EUR/CHF EUR/CHF and USD/CHF, October 24(see more posts on EUR/CHF, USD/CHF, ) Source: Investing.com - Click to enlarge USD/JPY [embedded content] USD/JPY with Technical Indicators, October 23(see more posts on USD/JPY, ) - Click to enlarge EUR/USD [embedded content] EUR/USD with Technical Indicators, October 23(see more posts on EUR/USD, ) - Click to enlarge GBP/USD [embedded content] GBP/USD...