First Act of Greek Default Proceedings Drawing to a Close

Global stock markets are up about 10% since the beginning of the year, volatility has collapsed, US economic data continue to defy even the mild slowdown proponents and the ECB seems to have backstopped the European banking system.

Yes, my dear reader. This is how quickly you move from away from the apocalyptic abyss . . . → Read More: First Act of Greek Default Proceedings Drawing to a Close

David Skarica: "Bond Vigilantes" Ultimately Good for Gold

Addicted to Profits Editor David Skarica predicts that in the second half of 2011, Europe’s “bond vigilantes” will make their presence felt in the U.S. by driving up interest rates and driving down the dollar. That’s one of the reasons he remains bullish on gold. “I think we’re going to see gold headed . . . → Read More: David Skarica: Bond Vigilantes Ultimately Good for Gold

Random Shots – 2011 Musings Edition

I did have some plans to do a series of post to give a brief overview of my main macro and trade themes for 2011, but time has, not surprisingly, caught up with me. As such, you will have to make due with a special version of random shots.

Risky Assets to fly in . . . → Read More: Random Shots – 2011 Musings Edition

Does Dina Titus Support Wild Speculators?

As I articulated in a previous commentary, if the Fed stays loose to prop up the bond market, this will only undermine the bond market.  In real terms, the bond market tanks.

Now the Fed might be able to prop up the bond market in nominal terms, but what this will do is precipitate . . . → Read More: Does Dina Titus Support Wild Speculators?

Sideways?

Perhaps it would be a good time for investors and analysts alike to lean back and have a good bottle of Pinot Noir and let markets be markets. Surely, with the likes of Hindenburg Omens still getting its share of the tape and with the macro backdrop turning decidedly sour, it seems a prudent . . . → Read More: Sideways?

The Australian Yield Curve and Mortgage Rates

Below is a short commentary on mortgage rates I received from Jackarine Ludwig of Aggregated Awareness:

The Mystery Behind the Parabolic Yield Curve is a nice report by Gary Dorsch, an American chartist I follow. Rarely does Australia get a mention in his reports. It is good that he’s done so now. His charts . . . → Read More: The Australian Yield Curve and Mortgage Rates