I will be taking a few days of “unwind” before next Wednesday’s Fed meeting and Chair Yellen press conference. Last Friday, Rick Santelli and I talked about the ECB and I am posting that but the last few Christmas Eves Rick has had me on and we discuss predictions about the coming year. There are no safe predictions from this blogger as I will venture far from shore but always try to put my best thoughts forward.
Last December 24, I discussed some possibilities for 2015 and I think they are worth a second look. I don’t have any to put forward as of yet but readers of Notes From Underground will receive whatever there is to be had. Thank you for all your fine rebuttals during the year. The comments are thoughtful and provide possible trading opportunities. I am remiss in not wishing all my readers who celebrate the Hanukkah Lighting a very Happy and Meaningful Festival of Lights.
***The Bank of England and the Swiss national Bank left the current policies in place. The Swiss seem to be waiting to see how the ECB reacts to the recent rally in the euro before engaging into any further easing of interest rates. We have been forewarned that the ECB plans to finish its December QE before Christmas so if the SNB wishes to set the EUR/CHF higher for year-end it will be able to weaken the Swiss without any intervention from the ECB. Just something to keep in mind for those trading the ultra-illiquid markets of the Christmas season. Enjoy your holidays and I will be back toward the end of next week. Now watch the Santelli-Harris videos (click on the images).
December 11, 2015 at 10:58 am |
You & Santelli are my heroes
December 11, 2015 at 11:57 am |
What would the death of a black hole look like?
December 11, 2015 at 5:10 pm |
not very interesting unless you are watching the Hawkin radiation 🙂
December 14, 2015 at 12:26 pm
That’d be fine in case NASAs color choices make the doctored photos appear beautiful and interesting. Never mind accuracy, only available on a need to know classified basis.
December 11, 2015 at 5:14 pm |
Yra time and time again you have taken the time to explain the reality of all this nonsense to a true neophyte in the field of macro events. Thank you for taking the time and making it so enjoyable. I look forwards to 2016 with you and your gang.
December 14, 2015 at 8:20 pm |
Greece traded a few more marbles in exchange for prolonged debt today.
December 15, 2015 at 10:36 am |
I guess gold just popped up a little based on Bernank’s comment?
December 16, 2015 at 6:53 am |
chicken–which Bernanke comment—about how he always provided fluff to the forecasts??
December 16, 2015 at 1:35 pm |
Ha yeah maybe. Heard him say FED would quickly return to zero.
December 16, 2015 at 1:37 pm
Pretty sure they’re all fluffers.
December 16, 2015 at 1:33 pm |
Prosperity goosed by 0.25% FED rate Money for sumthin’ but checks ain’t free.