The U.S. jobs report was in line with market expectations colored by the Wednesday release of the ADP data. The market’s response was interesting in that BONDS, STOCKS AND THE DOLLAR reversed some of the reaction to ECB President Mario Draghi’s press conference on Thursday. While the jobs report seemed to SOLIDIFY an FOMC rate hike next week, the settlements on Friday raises questions about the Fed’s current strategy. Even though a rate increase is a “certainty” and with the ECB promising more liquidity at lower interest rates, the settlement prices at the week’s end were perplexing:
Posts Tagged ‘Marine Le Pen’
Notes From Underground: Unemployment Report Spot-On and Meaningless; Draghi Doesn’t Disappoint
December 6, 2015Notes From Underground: To British Prime Minister David Cameron — Only Twits Tweet
November 15, 2015It is appalling that even political leaders are in such a hurry to gain recognition that they rush to put out tweets like any movie star or music artist in an effort to gain followers. The British prime minister rushed out this superficial bout of pabulum: “I am shocked by events in Paris tonight. Our thoughts and prayers are with the French people. We will do whatever we can to help.” This is what the leader of a nation with armed forces at his disposal rushes to send out to the world. It is so vacuous that mere words cannot measure the low esteem in which I hold the reigning British leader.What next? Selfies with tears pouring down his cheeks in order to show the French people how truly saddened are the Brits and how those across the channel feel the pain caused by the millenarian nihilists.
Notes From Underground: If You Go Chasing Rabbits
April 23, 2012One Pill Makes You Larger
And One Pill Makes You Small
And the ones that mother gives you
Don’t do anything at all
Go ask Alice
When She’s Ten Feet Tall
Nothing like spending four days in Berkley to see the world as allegory