Three weeks ago I recorded a podcast with Bernard Connolly, author of “The Rotten Heart of Europe,” and one of the greatest global macro minds. Utilizing global money flows and more than 45 years of analyzing political economic realities, we at Notes From Underground have tried to unlock some of the “mysteries” of the global financial landscape in an effort to find profitable trading opportunities across myriad asset classes. The blog strives to take into account nuance in order to seek out profitable trades with as low risk as possible. That’s why we’ve always advocated patience in an algo-driven world.
Posts Tagged ‘Bernard Connolly’
Notes From Underground: Bernard Connolly Is Worth a Good Whiskey
February 1, 2022Notes From Underground: Reissue–August 15, 2012
July 13, 2015Earlier I was rereading a blog post from almost three years ago. I believe it still has great relevancy and gives us all perspective from where we have been to what the next three years may bring. Perspective for a global macro trader is very important for without it traders rush in where investors dare to tread.
Notes From Underground: All Quiet On the Western Front (From a News Perspective)
May 19, 2013There were no real market-moving news stories this past week, but that didn’t stop the precious metals from coming under severe pressure on the Asian opening as prices in gold and, especially silver, fell prey to liquidation and downside stops were elected in a relatively illiquid market environment. The DOLLAR/YEN was also under initial pressure as Japanese Economics Minister Akira Amari was on the Sunday morning Japanese news show saying, “the correction of the strong yen is largely completed.” Mr. Amari was voicing concerns about further rapid yen depreciation could negatively impact Japanese consumers. The selloff in DOLLAR/YEN seems to be rather tepid based on the massive LONG DOLLAR/YEN POSITIONS, but this bares watching when Europe and the U.S. markets open. More importantly, the initial price action in the Nikkei equity market doesn’t seem to be very concerned about the comments of Mr. Amari.
Notes From Underground: For That Was Yesterday and Yesterday’s Gone (Chad and Jeremy)
April 16, 2013What ailed the markets yesterday seems to have moved to the back pages and the equity markets recovered most of their losses. Gold and silver staged very tepid rallies considering the massive selling that took place during the past week. The global equity markets are still comfortable with central bank policy and even a terrorist attack on U.S. soil cannot shake of confidence of investors seeing high profits, low inflation and no alternative to the returns on equity. It is an old theme but when a market continues to discount unfavorable data and news the power of momentum is in full bloom.
Notes From Underground: BUY the BOOK
January 10, 2013
Click on the link to watch Rick Santelli and I discuss the ECB
as well as the latest reprinting of “The Rotten Heart of Europe” by Bernard Connolly.
To order a copy e-mail rottenheartofeurope@gmail.com
Please send checks to:
Yra Harris c/o Shepard International
141 West Jackson Blvd., Suite 2270
Chicago, IL 60604
Notes From Underground: The Basel Accord Gets Watered Down. What Are The Potential Impacts?
January 8, 2013In the most significant news over the weekend, the Basel Committee announced that it was backing off from the implementation of the 2015 enhanced capital requirements for banks. Under the original Basel III requirements, global banks were going to have to have enough LIQUID ASSETS to be able to sustain a possible financial crisis of 30 days. The ability to sell assets to meet a possible run meant that banks would be forced to hold a larger amount of high quality, easily sellable assets. European banks have been clamoring for relief from the new capital rules for fear that the new standards would create less bank lending as banks rushed to shore up their balance sheets. U.S. banks were supporting the lobbying efforts by the European banks and thus the Basel Committee showed forbearance and lessened the possible impact by extending full compliance with the new regs out until 2019.