by Scott Lucas, The Conversation Iran and the 5+1/E3+3 Powers (US, Britain, France, Germany, China, and Russia) have at last completed a comprehensive nuclear agreement after years of discussions and threats of conflict. The deal sets out requirements for keeping Iran’s nuclear programme from producing nuclear weapons, and establishes a timeline for lifting sanctions that have pushed the country…
Were it not for the trauma of the past six years, an objective technician would sell his overpriced Palo Alto house, put it all into OEX November puts, and prepare to make tens of millions of dollars. As it is, I’ll just share the chart.
Following a small dip in May CPI ex Food & Energy YoY, June saw a rise of 1.8% (as expected), hovering near the highest since October. Headline CPI continues to trot along the flatline (printing +0.1% YoY as expected) enabling monetary policy to run amock hyperinflating financial assets while standards of living continue to drop. However, all of this…
As Facebook Inc (NASDAQ:FB)’s next earnings report approaches, more and more firms are releasing data which suggests the social network might post a beat when it reports on July 29. Earlier this morning, Nanigans released data which suggested that ad spend on Facebook continues to trend upward, and now Raymond James and JPMorgan Chase & Co. have their own…
CoTs: the silver CoT through Tuesday showed open interest backing off slightly to 185,716. There was a nearly equal but small reduction in large and small specs longs and shorts. The attacks through Friday brought this back to 189,203. The extreme naked short positions of the specs versus the commercials has shattered records going back…
Last month, in “Cities, States Shun Moody’s For Blowing The Whistle On Pension Liabilities,” we highlighted a rift between Moody’s and some local governments over the return assumptions for public pension plans. To recap, when it comes to underfunded pension liabilities, one major concern is that in a world characterized by ZIRP and NIRP, it’s…
By Sovereign Man Hanoi, Vietnam July 17, 2015 As Europe burns, Puerto Rico sinks, and China violently gyrates, it’s nice to know there are still some exciting bright spots of growth in the world. Vietnam is certainly one of them. The first thing you should know about Vietnam is that it’s a really wonderful place…
Below is a summary of my post-CPI tweets. Core CPI +0.18%, y/y rises to 1.77%. Pretty much as-expected on the headline figures. Was some market concern about a possible higher print following PPI, but there isn’t much correlation. Note that the next two months of CPI will ‘drop off’ an 0.10% and an 0.05%, so…
Is housing poised for a bright 2H upon millennial buyers? After a lull in the housing sector in the first quarter, construction activity picked up in the crucial spring/summer months, supported by an improving economic environment and a better employment picture. The outlook for the second half of the year appears favorable as well. Higher…
Fourth Greek Election Since 2012 Coming Up? It appears that way. Now that the vote for servitude is a done deal, the ensuing Greek Reshuffle Hints at Autumn Election. Alexis Tsipras, Greece’s prime minister, appears to be preparing the nation for a snap general election in September or October after carrying out a government reshuffle that…
