Emerita Resources deemed a scam by Grizzly Research
Generally, this was a risk-on day. There are some rumours that Zelenskyy and Putin will sit down to negotiate an end to the war in Ukraine. In response to this:
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For most of my long adult life, yields have trended down. This is explained in a variety of ways, but mostly in terms of an ever declining productivity of capital and excessively tight monetary conditions. In the developed world, credit creation has been extremely …
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Norway supplies 7% of Europe’s oil and 16% of it’s gas. Read more at the Visual Capitalist. It seems to me that NOK.SKR has to be a buy, but what do I know? Brazil has to benefit from increasing commodity prices …
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One doesn’t hear much about the Taylor Rule these days. It’s a mechanical rule for determining what the correct level of the Fed Funds Rate should be to keep inflation under control. The definition is messy but the general idea is …
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I am a huge fan of Edwin Dorsey. He writes a weekly newsletter (free!) with stocks which may be worth looking at more closely, of which the management may have been involved in fraud. The price of these stocks have usually crashed before …
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Stanley Druckenmiller, possibly the best trader of all time, said something one time about a high proportion (40%) of his calls being wrong. The market is basically valuing stuff right, most of the time. Of course, trends go on too far and valuations become …
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To my mind, on of the finest free resources on the web is Alex Manzara’s blog, Chartpoint. Today’s entry is all about how the Fed yesterday spooked markets into inverting the 5Y-10Y curve, and generally bending the curve down over out over …
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The Fed raised the Federal Funds Rate (which, I think, is also the interest rate on excess reserves) to 50bp. This was exactly what the market was expecting. The decision was well telegraphed by Powell and others, so no major reaction in the market …
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