Posts Tagged ‘Emmanuel Macron’

Notes From Underground: An Arthur Fonzarelli Moment for Yra

November 29, 2017

Six weeks ago I did a podcast with Anthony  Crudele and Rick Santelli about markets. I brazenly said the S&Ps would experience a 10% break before a further 3% rally. The S&Ps were at 2550 and as of this morning the 3% has been actualized long before the 10%. My respects to Rick Santelli, who was right on target with his call to purchase all equity markets for the next period of time. In true FONZI ways, I was wrong. But I have been liquidating long-held stocks into this rally and will continue to do so as I view this 23% rally since the Trump election as a great gift. If I had predicted on November 9 that the S&Ps would be 23% higher a year later, you would have had me committed.

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Notes From Underground: Yellen Announces Possible Decrease In Liquidity; Suffers Bout of Dehydration

September 27, 2015

In Chair Yellen’s speech on Thursday–“Inflation Dynamics and Monetary Policy”–she walked backed comments from last week’s UBER-dovish press conference. My first impression, given the wonkish nature of the speech, was that she plagiarized Stanley Fischer’s speech at Jackson Hole, or merely bought it at an online economic website. Second, the Yellen speech did hint at a possible answer to the aggressiveness of Jim Bullard’s desire for the Fed to raise rates as soon as possible. After rereading the speech, it seems that Yellen was NOW willing to raise rates and be part of the FOMC members pushing for a rate rise before the end of 2015. Why?

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Notes From Underground: The ECB Is On the Horns of a Dilemma … Again

August 28, 2014

Let us continue where last night’s blog ended. This week’s move by the French President Hollande to reshuffle the government’s cabinet should be perceived as a way for France to negotiate for a depreciation in the EURO and an end to the German-imposed conditions of growth through austerity. Prime Minister Valls cast out previous Economic Minister Arnaud Montebourg because his continuous attacks on the Germans’ push for austerity wasn’t appreciated by Chancellor Merkel. Montebourg is a beloved leader of the Socialist Party and has been a close confidant of President Hollande. The change in the cabinet can be disastrous for Hollande’s socialist standing so we must examine Hollande’s political maneuvering as representative of something bigger.

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