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Notes From Underground: RBA Speaks, 9:30 CST
Our readers need to be aware that at 9:30 CST, the Aussie Bank will let us know what their policy on interest rates is going to be. Until last week, the market had a high probability that they would...
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Notes From Underground: A Visit to February 5 (Sometimes A Reminder Is...
The world is carrying on in its design of vast pools of liquidity in a “sea of tranquility” … for the moment. Are Europe’s problems solved as the FRENCH ROOSTER Nicholas Sarkozy has crowed? Absolutely...
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Notes From Underground: The Fed Came, Saw and Failed to Conquer Its Fear
The results of the FOMC meeting: Ray Dalio–1, Janet Yellen–0 (h/t KM). It seems that the FED is fearful of upsetting the Dalio apple cart by raising rates and possibly tipping off a sell off in global...
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