China Trade Balance (Mar), which came at CNY 18.8 bln vs exp CNY 250.0 bln, with exports -14.6% y/y (in yuan terms), while imports were -12.3% y/y (yuan terms), all components being a big miss, that has sent the rate at its day lows of 0.7610 from 0.7675/80 (AUD). It is interesting to see Chinese…
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Don’t Be So “Pretendtious”!; Pondering the State of the Union
We can pretend that what has not had the greatest effect on the economy during the Obama years is ZIRP or zero interest rate policy. We can pretend that the force of Federal Reserve liquidity provisions is a lesser force than the accomplishments of President Obama and Washington politicians throughout this period. We can pretend that Washington…
Caveat Emptor: Review of Dylan Ratigan’s Rage and the Healthcare Sector Bailout
If only we all had enough money to pour into healthcare stocks to reap the greatest windfall from the Affordable Healthcare Act! A View of the Healthcare Sector Bailout The breathtaking rally we have seen in healthcare stocks RESOUNDINGLY displays that the Affordable Healthcare Act amounts to a bailout of the healthcare sector – a debate that some like to…
Freeing the Sports World of Steroids, Silencing Donald Sterling, Stopping Global Warming and more…
When the division of labour has been once thoroughly established, it is but a very small part of a man’s wants which the produce of his own labour can supply. He supplies the far greater part of them by exchanging that surplus part of the produce of his own labour, which is over and above…
“If” by Rudyard Kipling – For a Trader to Live By
If you can keep your head when all about you Are losing theirs and blaming it on you, If you can trust yourself when all men doubt you, But make allowance for their doubting too; If you can wait and not be tired by waiting, Or being lied about, don’t deal in…
Interview on Price of Crude, Commodity Prices, and Upcoming Fed Meeting
Listen to an interview with Billy Lee discussing the financial markets on Commodity Wrap with Alexandra Lively
Crude Analysis of Crude: I Enter the Center of the Cycle!
(There is an old rap song written and performed by Nine in the 1990’s. It was called “The Cypha”. In rap parlance, the cypher is where you find yourself if you are bold enough to freestyle or battle rap. One rapper after another in the “cypher” takes turns attempting to convey rap skill superiority. Follow…
Janet Yellin: Fed Steering
A Harsh Winter in Chicago Provokes Thoughts on the Economy; Warm Up With Thoreau
The beginning of another harsh winter in Chicago, more than halfway through what is predicted to be our first full week of sub-freezing temperatures, forced me to recall what Henry David Thoreau wrote about heat and the economy. The major theme of the understanding of the markets that the Mixed Market Artist attempts to provide is probably…
Technicals Inform the Fundamental: QE4-ever?
It is amazing how technical analysis can inform us of the fundamentals! Recently, a look at the 30 year futures proved very interesting. Take a look back at the entry, BIG PICTURE ANALYSIS OF 30 YEAR FUTURES: UP WHERE THE AIR IS THIN, and see the several interesting questions that the chart begged to be asked. At that…