Stock Market News

Silver Prices performed admirably as the FED and Swiss National Bank marked the biggest losers of the week.

Silver Prices The FED and the Swiss National Bank & The Resiliencey of Platinum & Silver

by / on 06/28/2013, 5:34 PM / in Platinum & Palladium News, Stock Market News

Notes From Underground: Last Week’s Two Biggest Losers and the Vigor of Silver Prices Another day, another week, another month and another quarter. It is hard to believe that we have now reached the halfway mark for 2013 and it has been anything but boring. The next quarter should be just as volatile as the German elections take center stage and […]

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Assessing the Significance of the Italian Elections

Assessing the Significance of the Italian Elections

by / on 03/04/2013, 3:17 PM / in Platinum & Palladium News, Stock Market News

The recent Italian elections wound up in a very inconclusive result. In a political lineup of the three Bs–(no Chuck, not Biggio, Berkman and Bagwell)–Bersani, Berlusconi and Beppe, the Italian populace dealt a massive defeat to Brussel-appointed technocrat Mario Monti. The vox populi raised its voice against continuing austerity and will look to whatever government is formed to be one […]

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Notes From Underground: Japan’s BOJ … Seize the Day

Notes From Underground: Japan’s BOJ … Seize the Day

by / on 10/29/2012, 1:27 AM / in Today's Economy, Stock Market News

Monday night the BOJ will announce its newest and latest effort to stimulate the economy and most importantly try to undertake some genuine measures to weaken the YEN. The Japanese economy is suffering under the weight of an overvalued YEN. The YEN was only a minor problem when the global economy was experiencing strong growth but with the BRICs slowing and […]

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Notes From Underground: Central bank Poker–Three Checks and, Of Course, No Raises

Notes From Underground: Central bank Poker–Three Checks and, Of Course, No Raises

by / on 10/25/2012, 2:58 PM / in Today's Economy, Stock Market News

Yesterday, the Bank Of Canada surprised no one as Governor Mark Carney held rates steady at 1%. The BOC statement also maintained last month’s idea that “over time, some modest withdrawal of monetary policy stimulus will likely be required, consistent with achieving the 2% inflation target.” The Canadian dollar rallied on the news as it seemed that the market thought […]

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Ottawa: Bank of Canada (Kanadische Zentralbank)

Notes From Underground: Tomorrow, the BOC Will Shine Some Light on Its Plans to Deal With Private Sector Debt Growth

by / on 10/23/2012, 2:27 PM / in Today's Economy, Stock Market News

The Bank of Canada has been the most responsible actor on the global financial scene for the last six years. The Canadian banking system for the most part avoided the credit splurge that led to a collapse bubble and came though the Great Recession relatively unscathed. The Canadian federal government has a debt-to-GDP level of 34% and a very comfortable […]

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Notes From Underground: Rajoy’s Party Retains Power in Galicia

Notes From Underground: Rajoy’s Party Retains Power in Galicia

by / on 10/22/2012, 2:24 AM / in Today's Economy, Stock Market News

In what was a very slow new weekend the most significant story is that Spanish PM Rajoy’s political party held on to power in the PM’s home state of Galicia. This was considered to be an important test for Rajoy for if his support in his traditional support base had turned against him, there would be no chance that the […]

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NASDAQ: GOOG FWB: GGQ1 | NASDAQ-100 Component | S&P 500 Component

Notes From Underground: Was it Really a Fat Finger Mistake by Google?

by / on 10/19/2012, 2:58 PM / in Today's Economy, Stock Market News

Google Inc. (NASDAQ: GOOG) The equity markets began to sell off as the rumor of an early release of Google’s earnings proved to be correct. The earnings were significantly less than the market consensus and thus Google stock dropped 13% quickly, bringing the Nasdaq and S&P indexes down with the heavily weighted technology giant forcing a market wide sell off. […]

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11th Managing Director of the International Monetary Fund

Notes From Underground: Christine Lagarde Is Quietly Raising Her Voice

by / on 10/15/2012, 1:54 AM / in Today's Economy, Stock Market News

The IMF took center stage during the last four days as its meeting in Tokyo became the central focus of the global macro world. As usual, the IMF communique promised much via the usual platitudes but as investors and traders we are left in the lurch as much is promised but no real substance is revealed. Probably the most important element […]

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Notes From Underground: Ok, Notes From Underground, Where 2+2=5

Notes From Underground: Ok, Notes From Underground, Where 2+2=5

by / on 10/03/2012, 6:26 PM / in Today's Economy, Stock Market News

Yra’s Back – This is a good one. For the almost three years that NOTES has been published, I tried to make it clear why the subtext of NFU was that 2+2=5. The idea of the math being so obviously incorrect was a direct reference from Dostoyevsky’s short story Notes From Underground in which the great Slav nationalist rails against […]

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On June 28, 2011, Christine Lagarde was named Managing Director of the IMF, replacing Dominique Strauss-Kahn.

Notes From Underground: Devil With The Blue Suit On

by / on 09/25/2012, 1:47 AM / in Today's Economy, Stock Market News

In his regular Monday Financial Times column, Wolfgang Munchau takes full aim at Bundesbank President Jens Weidmann for trying to make ECB President Draghi the devil incarnate. Because Weidmann invoked the Faustian character, Mephistopheles, from German hero Goethe’s play Dr. Faustus, Munchau accuses the Bundesbank President of undermining the policies of the ECB. Weidmann is going directly to the German […]

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