admin

At FindLaw, we’re consistently bemused by Internet lawyers’ fascination with “going paperless”. Many of us once believed that all law offices would be completely devoid of any paper, one day. Trees rejoice! Now another slightly less ridiculous notion has reared its head: going to trial without a single sheet of paper in hand. It sounds […]Read More

Dow’s Freakish Bounce Makes Investors Whole, Can’t Erase Doubts (BBG) R.I.P. Dollar Rally as Dovish Fed Spurs Worst Slump Since 2011 (BBG) Global Currencies Soar, Defying Central Bankers (WSJ) Oil hits 2016 high above $42 on production and demand outlook (Reuters) The U.S. Is Exporting Its Oil Everywhere (BBG) Hillary Clinton’s Allies Launch Plan to […]Read More

This morning the WSJ leads with an article that summarizes the prevailing market confusion at the moment, namely that global currencies are soaring, “defying central bankers” despite a flurry of easing around the globe in the past month, all of which have been undone by one Fed dot plot which cut the number of rate […]

First it was all a joke. A media sideshow. A publicity stunt that no one really understood the purpose of. Donald Trump was actually going to run for President. His campaign slogan: “Make America Great Again.” It was laughable. Soon after the billionaire announced his candidacy, his nascent bid for the White House took on […]

WTI crude extends it exuberant ramp to a 3rd day – heading for its 5th weekly gain – the longest since May, climbing above $42, reaching its highest in 3 months amid dollar weakness, falling output, and continued hope of a production freeze (at record levels with a record glut and weakening demand). Brent is […]

It seems like only a blurry, distant memory but February 11 – the day the S&P hit its 2016 lows – was just over 4 weeks ago. In the subsequent 4 weeks, the market has unleashed one of the most furious short covering/record corporate buybacl/central bank easing-driven “risk on” rallies ever, and nowehere is this […]Read More

It has been over half a year since we first downgraded the industrial recession to an all-out global depression by using Caterpillar retail sales data, which have been so counterintuitive to what the company’s earnings have been reporting that last September we had to ask “What On Earth Is Going On With Caterpillar Sales?.” Today, […]

Submitted by Jason Ditz via TheAntiMedia.org, Concerns about Turkish President Recep Tayyip Erdogan’s authoritarian leanings have been at the fore in the nation’s political dialogue since he assumed the presidency, and appear to have been well founded, as in a televised speech today he declared “democracy, freedom, and the rule of law have absolutely no […]Read More

But, but, but – low gas prices, high stock prices… everything is awesome. It appears not even the average joe American consumer is fooled by the latest manufactured rally in stock prices as UMich confidence tumbles to 5-month lows (90 vs 92.2 exp) with future expectations “hope” perfectly anti-correlated with the surge in stocks… On […]Read More

The 2016 market can be described as a sequential bursting of pain trades: first it was the momentum trade; then it was the whipsawed action in Treasurys where record shorts were burned on the way up, and then longs screamed when central banks unleashed the latest coordinated attempt at reflation, then it was the FX […]

Over the past month we have documented the surreal reemergence of China’s latest housing bubble (recall the first one burst in early 2014 which forced Beijing to reflate the stock market bubble, which also burst over a year later), in recent articles such as: But nothing does China’s housing bubble justice quite like a simple […]

Women sit and sell bunches of plantain fruit at the Swali market in Yenagoa, Nigeria, on Thursday, Jan. 14, 2016. With his security forces engaged in fighting Boko Haram’s Islamist insurgency in the north, President Muhammadu Buhari can’t afford renewed rebellion in the delta. Photographer: George Osodi/Bloomberg via Getty Images 3 Shares Share Tweet Share […]Read More