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Notes From Underground: Healthy and Happy New Year to our Readers
It has been a great privilege to share my thoughts and market insights and allow me to occupy some of the highly prized real estate on your electronic devices. I can unequivocally say that I learn much...
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Notes From Underground: I will “Badger” Andy Stern on the issue of Undefunded...
No real surprises on the data releases yesterday. The U.S. inflation numbers were much as expected but all the DEBT futures markets rallied as it seems the shorts in the markets are nervous about new...
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Notes From Underground: Hey Mr.Bernanke and/FED–GOD GAVE YOU TWO EARS and ONE...
The news out of Europe today was not favorable for Greece as it was reported in the German paper DIE WELT that German Finance Minister Wolfgang Schäuble suggested Greece would need to restructure....
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Notes From Underground: A Very Slow news Weekend Unless You Are in the Middle...
The markets have been given a modicum of quiet as all ears turn to this week’s FOMC meeting. It seems that the FOMC release will be at 11:30 a.m. CST, which is an hour and forty-five minutes earlier...
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Notes From Underground: The Europeans delivered on a bailout of the...
After reading through the vast amount of news on the Brussels “emergency” meeting, I am not sure I truly understand what the final outcome of the European resolutions for financial stability entail....
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Notes From Underground: Intervention where is THOU STING
Yesterday the Swiss National Bank surprised the markets by lowering overnight lending rates to basically ZERO–the nearby 90-Day EUROSWISS contract (Sept. 2011) traded for 2 basis points–or, 0.9998 for...
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Notes From Underground: Better Data Leads to More of the Same
Global equity markets were battered for another day as investor fears continued to outweigh any desire to add risk to portfolios. All U.S. data releases were better than expected and even auto sales...
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Notes From Underground: Christine Lagarde, the Markets Turn Their Lonely Eyes...
The European debt markets were thrown into further chaos today as the German/Italian 10-year notes spread blew up. In cash terms, the move was a widening of 58 basis points while in futures prices the...
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Notes From Underground: One Month Down, Only Eleven to Go … Whew
The month of January was kind to equity investors, metals and other commodities. The star performers of last year, U.S. Treasuries, had a quiet month as the FED‘s latest policy statement provided a...
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Notes From Underground: GOLD … All the appearances of a tired BULL?
Yes, the FED released its FOMC statement today and there were no changes to the FED’S POLICY NOW AND FOR THE EXTENDED PERIOD INTO 2014. So here was nothing to upset the markets and as I read the...
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