It is the 19th of September 2019

News

Long Island Woman Indicted For Funding ISIS With Bitcoin

With intriguingly coincidental timing, as cryptocurrencies reach mainstream and grab the world's attention, the US Justice Department has unsealed a grand-jury indictment that shows a Long Island woman has been indicted on charges that she tried to funnel money to ISIS using Bitcoin.

Read More

BMO Sees Risk Of Curve Inverting "As Early As March 2018"

Over the weekend, we published an analysis from Citigroup looking at how long after the yield curve inverts do investors "have to worry."  The results were interesting: as Citi wrote, while sometimes inversion provides a timely signal for the economic cycle a la 2000, "where Professor Curve predicted almost the ding-dong high in the SPX", other times, like the 2006 inversion, dished up 7 months of pain for equity bears, with 18% further upside for the SPX. The same occurred for the 1989 episode where equities continued to rally 22% into the 1990 recession.

Read More

Federal Reserve Hesitates on QE Unwind / Balance Sheet Reduction

 The following article by David Haggith was published on The Great Recession Blog:

Federal Reserve balance sheet reduction not happening yet even as the Fed applauds its own success

Is the Federal Reserve’s Great Unwind already coming unwound? I thought it would be good to check up on Federal Reserve balance sheet reduction since the Fed is supposed to be up and running on the move out of quantitative easing this month. It should be fascinating to see what progress the Fed is making as it happily applauds its own successful recovery. 

Read More

Featured Apps