Aliens didn’t invade the Earth, and the Federal Reserve didn’t raise interest rates If you remember, I was pegging the probability of each at roughly
We got a lot of economic data released today, most of it bad, and most of it worse than expected What I did not expect
Last week on Thursday we got that much weaker than expected ISM Manufacturing number, which didn’t get a lot of attention because it came out
On Friday we got the Non-Farm Payroll report and, of course, this jobs report is the most important ever Because it was going to determine
On Friday we got the Non-Farm Payroll report and, of course, this jobs report is the most important ever Because it was going to determine
Earlier today Janet Yellen delivered her much-anticipated and way over-hyped speech at the annual Jackson Hole Symposium It wasn’t as irrelevant as I thought it
The price of gold fell about $12/oz today; silver prices were down another .28 Both metals have been falling since recent new yearly highs Gold,
The dollar was broadly weaker today with the dollar index closing down .85 to 94.78 At that time gold was up about $18; sliver up
The carnage in global stock and bond markets continues; it really got started last night in Japan The JGB (Japanese Government Bonds) dropped for the
Yesterday we got the government’s first estimate of Q2 GDP Of course all of the pundits were looking for a big rebound from the
