In Surprising Reversal, Pace Of Global Rate Hikes Approaches Pre-Lehman Period

Most of the post-Lehman era has been characterized by unprecedented easy monetary policy meant to inflate asset prices, and sure enough after 705 rate cuts, and $12.4trillion in QE, the S&P is just shy of its all time highs. However, over the past year, a…

Full ECB Preview And Draghi Scenario Analysis

Today at 13:45 CET/ 7:45am EDT the ECB will announce its latest monetary policy decision, with a conference to follow 45 minutes later. Unanimous expectations look for the ECB to leave its three key rates unchanged, with little in the way of fireworks expected given…

US Vs China – Is It ‘Art Of The Deal’ Or Economic Warfare?

Authored by Christopher Wood via Grizzle.com, While monetary tightening remains the main risk for global stock markets, the threat of a trade war continues to dominate the headlines… THE DONALD’S DEALMAKING The question raised by Donald Trump’s trade agenda with China remains, in essence, extremely…

German Air Force Only Has Four Combat-Ready Jets In Case Of Emergency

Germany better hope that Europe’s various artificial war-deterring monetary, customs, economic, political and so forth “unions” hold for the foreseeable future, as the alternative could be dire. According to Spiegel, only four of the Luftwaffe’s state-of-the-art Eurofighter jets are currently in good enough shape to…

Stocks Rebound As 10Y Slides Back Under 3%; All Eyes On Draghi

Markets have slowed down modestly ahead of today’s key event, the ECB’s monetary policy decision and Draghi press conference, which will likely feature repeated versions of the same question: how worried is the ECB president? From sagging business confidence to falling industrial output, the region…

Hong Kong Is Blowing Billions To Defend The Dollar Peg… And It’s Not Working

Overnight trading in HKD offered a brief moment of hope for the Monetary Authority as the dollar popped off its peg band’s lower limit after comments from the former HKMA chief Joseph Yam renounced the current HKMA chief’s comments and suggested rate-hikes (to counter the…

HKMA Urges “Stay Calm” As Hong Kong Dollar Plunges To 30 Year Lows

On the same day as Hong Kong Monetary Authority (HKMA) Chief Norman Chan urged citizens to “stay calm on the currency weakening,” the Hong Kong Dollar has plunged to its weakest in 33 years amid liquidity concerns and a global carry trade gone rogue. The…