Short interest on the S&P 500 is on the rise. This should be watched as it seems that every time there is a majority on one side of the boat, the move is to the opposite side.. We have seen this will oil and other commodities as the Commitment of...
What is going on in Europe? Spanish bond yields have blown out above the important 7% level and it appears that the endgame is upon us. Professor Eichengreen provides a great deal of insight into what is really going on. Beyond Europe,crop prices are hitting highs as the droughts in...
The WSJ put together a good piece on how the indigenous tribes of some of the more remote areas of Africa are at a crossroad. As modernization continues to broaden its reach, some traditions are being pushed to the brink.
Listen closely to the clicking sounds in...
If 7% is the level of concern for the 10-year, we have well surpassed that today in Spain. Over the last week, Spain’s 10-year note has declined significantly so that the yield is now a whopping 7.23%
Since 7/13/2012, the yield has increased by 61 bps. That is way too much...
Our good friend Das wrote a very interesting piece about LIBOR and the background of its fixing. Unfortunately, this is a clear case of the fox watching the hen-house and there will be more heads rolling in near future.
Excerpt:
In a Fix
In June 2012, UK and American authorities fined UK‘s...
