WarMachines.com

Industrial War Machine Complex – Buy Bitcoin Defeat Corrupt Governments Everywhere!!


WarMachines.com

Archives by tag

“Are Central Bankers About To Lose Control?” The WSJ Asks And Citi Answers

In an article published by the WSJ today, which was originally titled “Are Central Bankers About to Lose Control?” but after some shoulder taps was renamed to the far more neutral “Can Central Banks Keep Control of Interest Rates?” author Jon Sindreu looks at the current Goldilocks state of the market, in which global growth […]


Bubble Watch: The Fed KNOWS We’re in a 1999-Type Mania…

The Fed raised rates another 0.25% the week before last. This marks the 5th rate hike since the Fed embarked on its policy tightening in December 2015 and the fourth rate hike in the last 12 months. The Fed’s latest statement also indicates it plans on raising rates three more times in 2018. It is […]


Citi’s “What If?” Scenarios: Part 2

Yesterday we published the first set of 7 “What If” scenarios that didn’t make it into the Citi Credit team’s (already rather gloomy) year-ahead forecast. Because while Citi’s “base case” was clearly bearish (our summary can be found here), what was left unsaid was even more unsettling, if not troubling. As the bank’s credit team […]


Global Bond Rout Eases As Nervous Traders Watch For “Selling On The Tax News”, Catalan Vote

U.S. equity futures are little changed with the GOP Tax Plan now a done deal and no more daily “pricing in” of tax reform possible, as traders nerviously look to see if others will now be “selling the news”, a preview of which we got yesterday when US equity indexes closed red across the board […]


Riksbank Formally Ends QE But Pledges Continued Dovish Support For Bond Market

While the Riksbank left its repo rate unchanged at -0.5%, as expected, in its decision this morning, far more interesting was the Riksbank’s decision to formally end making new bond purchases, i.e., QE, after almost three years. However, in order to ensure a smooth transition, the Riksbank said the end of QE would take place […]


Dow 25,000 In Sight As Tax Cuts Are “Priced In” One Last Time

Dow futures are up some 80 points this morning after early on Wednesday morning the Senate passed the Tax Reform bill in a party-line vote, and is now set to become law after a follow-up vote in the House and Trump’s signature some time on Wednesday afternoon. The good news is that the biggest political […]


2018: Irrational Complacency – “What Is Your Exit Strategy?”

Authored by Alberto Gallo via Algebris Investments, “Your loving give me such a thrillBut your love don’t pay my billsNow give me moneyThat’s what I want”Money – Barrett Strong, 1959 Ten long years after the crisis, volatility and fear seem to have disappeared from financial markets. A synchronous global expansion coupled with persistently loose monetary […]


The 10 “Grey Swans” Events For 2018

One of the traditional push backs against attempts to predict “black swan” events is that they are by default unpredictable, rendering the entire exercise moot. However, for the second year in a row, Nomura’s Bilal Hafeez has found a loophole, or rather loop-animal: the grey swan. As Hafeez writes, while he would like to be […]


Nomi Prins: ‘Dark Money’ Runs The World

Authored by Nomi Prins via The Daily Reckoning, Few people know financial markets’ biggest secret… For the last 40 years, most people believed the stock market always goes up. Simply buy and hold long enough, the theory went, and you could sit back and watch the money accumulate in your account. No thought or hard […]


Frontrunning: December 15

Some GOP Senators Press for Late Changes in Tax Bill (WSJ) Here’s Where the GOP Tax Plan Stands Right Now (BBG) Harvard Endowment Chief Pushed for Steeper Devaluation of Assets (WSJ) Net neutrality repeal gives Democrats fresh way to reach millennials (Reuters) With Fox Deal, Disney Adds Hulu to Its Digital Kingdom (WSJ) Treasury Yields […]


European, Asian Stocks Slide But US Futures Rebound As Tax Deal Fears Ease

U.S. equity index futures point to a higher open, having rebounded some 10 points off session lows with the VIX stuck on the edge between single and double digits, while European and Asian shares decline as investors assess central banks’ shift toward tighter monetary policy and concern over tax overhaul ahead of final plan.  It […]


Australian Central Bank – Bitcoin Is Bad But You’d Love A Digital “e-AUD”

Sweden’s Riksbank, the world’s oldest central bank, is exploring the possibility of a digital register-based e-krona; the Reserve Bank of New Zealand is researching whether its physical currency could be replaced by a digital alternative; the Bank of England is trialling blockchain-like systems; the Monetary Authority of Singapore is examining the use of distributed ledger […]


Frontrunning: December 14

Disney Agrees to Buy Fox Assets in $52.4 Billion Deal (WSJ) The Fed Isn’t the Tax Cut’s Enemy (WSJ) The Republicans’ Problem Is Bigger Than Alabama (BBG) ECB Leaves Rates Unchanged and Sees QE to September or Beyond (BBG) A Christmastime Tax Cut for Some, a Lump of Coal for Others (WSJ) Putin says U.S. […]


Pound Slides After BOE Holds Rates: Warns Q4 Economy “Slightly Softer”, Sees “Gradual And Limited” Rate Hikes

As previewed moments ago, the BOE decision was rather unexciting, and after its November rate hike – the first in a decade – which many speculated could be a “one and done”, the Bank of England unanimously kept rates unchanged at 0.50% as expected. The lack of dissenters meant this was the first time the […]


BoE Preview: “Should Be A Non-Event”

As DB’s Jim Reid writes, the BoE meeting due in minutes, should be a non event as recent inflation prints and macro data were broadly in line with consensus. Notably, any discussion on what the Brexit breakthrough on Friday might mean for policy could be the most interesting feature. Here is some more courtesy of […]