Russia is doubling down (tripling down?) in the Ukraine and it’s a sign that Putin is in it to win it. There’s little doubt that yesterday’s assault on Novoazovsk originated from Russia. A Reuters reporter 3km inside Russia today reported … Continue reading
This is a large factor in tomorrow’s Q2 Canadian GDP report. Prior revised to -12.0B from -12.4B One thing you don’t hear too much about is how Canada has gone from a c/a surplus country to a massive c/a deficit … Continue reading
Highlights of the revisions of the second quarter GDP report from the US Bureau of Economic Analysis: First estimate was 4.0% Personal consumption 2.5% vs 2.4% exp Core PCE 2.0% vs 2.0% exp GDP deflator 2.2% vs 2.0% exp The … Continue reading
The market is focused on more obvious signs of a Russian-sponsored counteroffensive in Ukraine but the GDP report is due up. The ‘consensus’ is 3.9% but after better shipments in the durable goods orders report the market is looking for … Continue reading
The obituary has been written for Australian investment and the corpse has been buried but the latest capex numbers show that it might be time for the zombie Australian investment boom. Last week, BP announced a large investment in offshore … Continue reading
Forex headlines for August 27, 2014: ECB action unlikely next week without inflation slump – RTRS ECB sources Blackrock appointed ECB consultant for ABS purchase program July French total jobseekers 3424.4K vs 3412.5K expected US State Dept says Russian counteroffensive … Continue reading
Once in awhile old-fashioned journalism is best way to figure out what’s going on. A great example comes today from the New York Times as two reporters detail what’s happening on the ground as Russia/separatists mount a counter-offensive in Ukraine. … Continue reading
US 30-year bond yields are down 5.5 basis points today to 3.11%. Yields touched below the August bottom to a fresh low since May 2013. The all-time low was 2.44% in July 2012.
The S&P 500 is beginning to bleed lower and pull yen crosses with it. With 45 minutes of trading to go, the index is down 2 points to 1998. Today, the founder of market visualization company Nanex reported that the … Continue reading
JPMorgan and another, unnamed US bank were hacked last month, according to BBG. The FBI is said to be probing whether the hack was in retaliation for US sanctions against Russia. Earlier this year Bloomberg had a dramatic story about … Continue reading
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