We need to shift focus on to how many dies/get seriously ill from the infection instead of new cases. If we continue to focus on new cases we will be closed down forever.

Tokyo Finds 5,042 New Coronavirus Cases, A Daily Record

They announced many times already that they want taper

Fed's Waller says could make an announcement on taper by September

What he is saying is that numbers are good but expectations in market insane. Hence the reaction.

Manufacturing PMI at 59.5%; July 2021 Manufacturing ISM Report On Business

If the mother of all crashes is coming it will not be because of the Delta. Rather it will be when Delta (and all the others are cured) and FED decides to tighten financials.

Delta variant surge will crush reopening stocks, longtime market bear David Rosenberg suggests

All markets go to wherever f... it wants. No need to fight it. Just ride it.

Strong US GDP Growth Is Even Stronger Than It Appears

Best one today!

Tax fraud: Top German court confirms cum-ex trades were illegal

No, I can say now that it will not. I agree that it is transitory in the sense that its not going to go up 10% yearly for the next decade. But the price increase we have seen now is unlikely to go back to starting point (with a few exceptions). ...

Powell: Inflation is running well above our target

I thought UK wanted to live their own lives and be in control. Isnt that why they didnt want to be part of EU.

The explosive Brexit spat that no one is talking about could slam the UK economy

I think the problem is that its all happening behind the curtains and in the dark. Nobody knows exactly what FED is looking for before tapering. Some might have an idea but its nothing more than an idea. I sometime doubt that FED themselves know ...

What to Expect from Fed’s FOMC Meeting

If FED takes liquidity out of the markets it would normally reduce inflation and stocks. But nothing is normal anymore

Week Ahead – Fed to talk taper but stall on action; growth data in focus amid recovery doubts

That is so true. True capitalism is no longer. Now the true wall streeters run it hot but when it gets too hot they turn to the public (who they rippe off in the first instance) and ask them to cover they arse.

Yellen tells Congress in letter US will meet statutory limit on debt on Aug 1

And creating a whole new mandate for ECB. Not only do they print the money they also now get to chose who gets it.

ECB's Lagarde: Inflation Expected To Be Temporary; Need To Preserve Favourable Financing...

Agree. Overall money is not an issue keeping people from spending. Therefore adding more money into the system probably will not generate more spending. More money in peoples pockets will either go into assets or paying off debt. But why would I pay ...

Flash consumer confidence indicator for EU and euro area

When I was in London last time I met a couple of grown ups. Can you pls see if you can find them.

Britain tells EU on Brexit deal: it wasn't going to last forever

The thing is that nobody have ever seen such experiment before. Answers cannot be found in the past. We all hope for the best.

Fed's Kashkari says many U.S. sectors struggling to adjust to reopening

Yellen on the other hand sounded a bit more hawkish on the inflation yesterday as I read the news. But then again, there are always excuses for not doing the right thing.

Jerome Powell Stays Dovish: What It Means for Your Money

I am impressed how the same people always get it right. Even when the move is triggered by some Random unannounced comments from 3 or 4 level players they just nail it... well I am not afraid to admit I get caught with my pants down from time to ...

Saunders: The inflation outlook

I am long USD against Yen and GBP which are the pairs I trade. It is swing positions so havent traded around news today.

Consumer Price Index - June 2021

But its temporary so we still dont have to pay it.

Consumer Price Index - June 2021

Basically its the corp tax paid on the EBT. There are many ways to reduce the corp tax payable. Some are of a permanent nature others are of a temporary nature only deferring tax payment. But what I really meant to say was that EU businesses (with ...

Mapped: The World’s Biggest Private Tax Havens