Jerome Powell Is Not a Hawk
“Perhaps it is time to retire the term unconventional when referring to tools that were used during the crisis.”
El-Erian: Markets Risk ‘Self-Fulfilling’ Problem, Fed Must Cut
“Remember the ECB. Their complexity is much higher than that of the Fed.”
Falling Share Counts Masking Deeper Market Weakness, Apple Has Bought Back a Quarter of Its Shares in Five Years
Citi spent nearly $47 billion buying back almost 23% of its outstanding shares. Citi’s share price stayed positive while its market cap fell from $150 billion to $128 billion
Rick Santelli: US Is ‘Importing’ Low Interest Rates
“Hey Mario, you should have started tightening a while ago”
Christopher Balding: China Short on Dollars, Reserves Looking Small
“They have a little more than $2 trillion in US denominated debt… so that $3 trillion (of reserves) looks a lot smaller than it actually is”
Map: Who Owns the World’s Gold Reserves
China and Russia have been some of the most aggressive buyers of gold in recent years
Total Loans-and-Leases-to-GDP Surpasses 2009 High for the First Time
Corporate delinquencies have already started to edge up, ever so slightly
Map: The Wealthiest Countries and Their Growth Since 2008
European countries such as France and Italy actually saw a decrease
DiMartino-Booth: Chinese Auto Demand Slowdown Sinking Germany’s Economy
“Total vehicles (inventory supply in the US) are now at the same day level as they were back in December 2008”
Memorial Day
‘Thank You’