The Fiscal Cliff Rally. It’s been a favorite expression among traders for the past few weeks. It implies that the politicians will eventually come to some sort of compromise, triggering a rally as the worst-case …
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Dan, CC, and I still think QE3 is no guarantee this year. We mentioned in QuickHits during Bernanke’s conference call why we thought that was the case, but I want to recap those thoughts here. …
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My cousin lives in the ancient city of Antioch (former Eastern Mediterrenean capital of the Roman Empire). He’s a dentist who trades currencies on the side, for better or for worse. I once asked him, …
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Here’s a roundup of some macroeconomic bloggers discussing their disappointment in Operation Twist and Fed policy in general as not being nearly aggressive enough for the situation at hand: The Money Illusion Memo to …
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We’ve talked a little about how technically and correlated the markets have been trading lately. I wanted to point out another trend, which is the sharp selloffs we’re seeing after what look like will be …
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Tomorrow’s Tape: All About the Benjamin (Bernanke) Economics: 10:00 a.m. ET: The nation’s realtors let us know about existing home sales in August. Economists expect a small gain, reversing a decline in July. 2:15 p.m.: …
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Although most attention tomorrow will be going towards President Obama’s speech on job creation in the evening, the market will be more focused during the day on any clues offered by ECB honcho Jean-Claude Trichet …
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