Agree, but it difficult to see what else they could have done. Are we setup for two lost decades, as the Japanese?

JPMorgan Puzzled By Record Gold Backwardation

Well.... I left out the discussion of the Eurozone which remains the global Achilles heel. The lack of political union therein makes it highly likely that a massive disruption can occur. I am hoping that the lessons from Greenspan have been learned. ...

JPMorgan Puzzled By Record Gold Backwardation

Hey! If it turns out to be Soros there will be some interesting market reaction

Australian bond traders suspect mystery buyer a central bank

It amazes me that such an auction can take place without the actual buyer being known.... My bet is that it was China offloading some of their copious quantity of US T-bills.

Australian bond traders suspect mystery buyer a central bank

Strange how this observation of the woes of the Oz politicos has degenerated into a Republican vs Democrat discussion - if that is the correct wording.... Shades of when the Russians and Brits tested their first nukes! Before "...the USA is the ...

Rudd Faces Election Defeat as Polls Show Marginal Seat Losses

Me too... That is a very simplistic view. The truth is that there is no way that pretty much everybody can avoid using the paper system. E-gold has been shut down, is there still the Liberty dollar?, other systems may still operate, bit-coin is ...

JPMorgan Puzzled By Record Gold Backwardation

...same with UK mortgages. The banks pursue defaulters except where the LTV is high, and in such cases the banks require a mortgage indemnity insurance to be taken-out at the time the mortgage is issued. In the latter case the insurance companies ...

Canada's red hot housing market teeters on the brink

Two seconds!! Surely they mean 2 minutes?

USD/JPY: Trading the University of Michigan Consumer Sentiment Index

This somewhat delayed data refers back to when BB first rattled the markets by even mentioning 'tapering'. So perhaps it is not as bad as it seems.

Treasury International Capital Data for June

Caution! Check out the UJ thread first.

Japan govt: Country nearing end to deflation, upgrades view on jobs

From time to time, you have to poke the fire. Besides, I did call an 'up' on the housing market.

The 8 Worst Gold Price Predictions We've Ever Heard

Apart from the cnbc aspect, do you believe there will not be a rotation out of bonds and into equities? Actually I'm only bothered about the into equities bit.

'Great Rotation'? These are the best currency trades

Germany and France have just posted some improved numbers, there could be upside surprise on the EU GDP.

3 Numbers To Watch: German GDP, UK employment report, EU GDP

Less than 100 years ago GBP was the fundamental currency of international trade. Now supplanted by USD due to some strange belief, at the time, that it was necessary to have a hard basis to a currency. Here you will see that over a third of the ...

British housing boom -- or bubble?

Gibraltar is important. It is the door-stop which prevents Spain from slipping into the Mediterranean Sea!

End of QE could mean liftoff for stocks: Wells Capital