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First it was JPM, then it was, surprisingly, none other than NY Fed chief Bill Dudley - the head of the trading desk that proudly boasts trader extraordinaire Kevin Henry, then Citi, and now joining the chorus of banks and Fed presidents blaming all

Weather 1 - Quantitative Easing 0. Spot on the chart below just how high the culmination of over $1 trillion in QE3 proceeds "pushed" the US economy. Joking aside, while the realization that nobody can fight the Fed except a cold weather front, is

We have discussed the "costs" associated with US sanctions on Russia previously and while economic growth expectations have slowed - just as they have slowed for the entire world - despite the common knowledge meme being propogandzied across the

Having questioned whether Tim Geithner leaked every Fed announcement to the banks during his tenure (but did not mention it in his memoirs) and shown that traders acted on information at faster than the speed of light (and thus were indeed aware of

Does the economy move in predictable waves, cycles or patterns? There are many economists that believe that it does, and if their projections are correct, the rest of this decade is going to be pure hell for the United States. Many mainstream

Barclays just can't catch a break these days: after creating the biggest "bad bank" 5 years into the laughably called "recovery", the latest batch of terrible earnings and the announcement of some 19,000 pink slips to be handed out shortly as the

The eurozone grew at a measly 0.2% pace in Q1, which missed expectations for 0.4% growth. "The eurozone as a whole appears to be in the midst of a very gradual recovery but it is all about one economy," said Pantheon Macroeconomics' Claus Vistesen

A big bulk of US figures came out above expectations, at least in the figures that matter most. However, the US dollar stalled its rally, against quite a few currencies. Why did this happen? Here are 5 reasons US annual inflation rose to 2%, as

It appears someone finally read what none other than Mario Draghi said about the prospect of Eurozone QE back in December 2011. To wit: Question: Why is it so impossible for the ECB to act like the other central banks, like the Federal Reserve System

In November we showed a chart showing the yawning chasm of exuberant faith-in-Draghi hope that was 2013-to-2014 earnings growth expectations in Europe. At the time we remarked - now prophetically - how it would seem Draghi's "whatever it takes"

If you want a country that respects free markets, believes in listening to the voice of the majority, and is against meddling in global affairs under the guise of "humanitarian, liberating, and democracy-spreading" intervention, move to Switzerland

Last week we highlighted just how "rigged" the casino really is (real casinos - as opposed to the equity markets) and while that was shocking, the USA can be proud of another exceptionalism... As The Economist notes, at $119 billion in 2013, the

The European Central Bank is considering holding its meetings to set interest rates every six weeks instead of monthly, according to sources familiar with the discussions. Extending the period between monetary policy decisions could help the ECB to

Here’s what to look for when the Federal Reserve releases minutes from the Federal Open Market Committee’s April 29-30 meeting at 2 p.m. in Washington. -- Exit strategy: The minutes may show that Fed Board members discussed possible changes to the

Deutsche Bank, which most recently has been in the spotlight for hightailing it out of the silver and gold fix (because it is clearly innocent of any precious metals manipulation as an "independent, impartial and extensive" inquiry by the Bank of

The "middle class" has atrophied into the 10% of households just below the top 10%. The truth is painfully obvious: a middle class lifestyle is unaffordable to all but the top 20%. This reality is destabilizing to the current arrangement, i.e

When it comes to returns, 2013 will be best remembered as the fifth consecutive year in which the S&P 500, lead by Chief Risk Officer and Portfolio Manager Ben Bernanke (replaced by Janet Yellen in 2014 following a bumper 30%+ year), outperformed

The European Central Bank is facing a big dilemma: should it act or should it wait? Euro-zone inflation is low, but off the bottom. The exchange rate is high and very uncomfortable for exports and for inflation but it also reflects trust in the

We can't wait to hear how Janet Yellen explains the following slide that the Chairman of the Joint Economic Committee Kevin Brady just lobbed at her