Three central bank meetings, the selection of a new Fed chair, the release of a major new tax policy and the unemployment report provided the markets with great potential for increased volatility. Instead the markets yawned and carried equities to new all-time highs.The central bank decisions went as expected; the unemployment was a bit weaker than projected but the weather problems from the hurricanes have probably not been fully tallied.
Posts Tagged ‘Sunni’
Notes From Underground: An Assessment of Market-Moving Events (Or, Which Narrative is Most Critical?)
November 5, 2017Notes From Underground: How could a citizenry have NO CONFIDENCE in the best-run G-7 nation?
March 21, 2011There is a story circulating that the Canadian Parliament may have a “NO CONFIDENCE” vote on Prime Minister Stephen Harper’s government. The Conservative Party holds power but it is not a majority government and therefore always susceptible to losing a vote. Tomorrow, Finance Minister Jim Flaherty is to table the new budget. The problem appears to be the opposition to the proposed cuts in the corporate income tax that will cost the government C$6 BILLION in revenue.
Notes From Underground: Irish Elections, Bahrain and the U.S. DOLLAR fails to RALLY
February 24, 2011All eyes have been focused on the MIDDLE EAST for its huge impact on OIL prices. There is a debate between those who believe that the OIL supply disruption is inflationary as energy prices create a rising price environment and those who believe that high energy prices are a tremendous drag on economic growth. NOTES FROM UNDERGROUND is in the camp that OIL supply disruptions are a drag on growth, especially in an environment of high unemployment and a severely stretched consumer. It is this fear that has roiled the stock market in the U.S. and put stress upon the global financial system. Emerging markets that are already feeling the impact of higher food costs will now have to deal with higher energy prices, which many governments already subsidize for its citizens. Will the situation in Bahrain be as economic disastrous as some analysts and pundits are claiming?