Difficult day tomorrow … a “half day” in America with Friday being a national holiday …
And the markets are at the cliff’s edge … still balancing … but without any firm grip …
What will we see???
- the third bounce from this level … which would be very rare?
- a short lived bounce which will be […]

ECB and FED are afraid … they talked the truth … at least a bit …
The market reacted … that made them scared … them, the stupid cheerleading manipulators
Now they start again talking markets up …
- We said SMALL rate hikes only
- We are in NO HURRY to hike
- We are not even […]

Fed seemingly got the message of the ECB …
The message is …
We waited long enough … now you should have your problems solved …
We will start hiking rates … follow or bury the US $
Reckless naughty french boy … Mr Trichet … his friends call him J.C.
Today … two […]

ECB today made clear, that there is NO CHANCE for a rate cut …
Due to the current inflation picture, most of the ECB council members see a case for a RATE HIKE …
Trichet sees the possibility for a JULY “small” rate hike …
So … this means NO MORE RATE CUTS … neither from the […]

Bonds are selling off as June contracts are close to expire …
WHY???
Inflation is ramping, credit crunch seems managable … so the Hedges are SOLD.
And now the speculation starts … WHAT’s NEXT???
Interest rates HAVE TO RISE!!! Next step of FED and ECB will be UP … a rate HIKE!!!
This is reflected first in selling of long […]

After a lot of ECB members reiterated their position, that in the current environment there is no interest rate cut possible and adequate …
Today a new quality was reached.
As we know, part of the communication of the ECB is to “leak” policy changes via so called “source-stories” in selected media channels …
Story of today:
ECB is […]

I have to admit it … this guy makes me sick …
ALL data point to a recession … and not a shallow and short one … and inflation is rising every day …
But Bernanke does not admit it … continues with dangerous and useless rate cuts …
only as he fears that bad markets might even […]

Has the rallye stalled already? 2 days of buying … that’s it? Not bad … fasten seat belts for a nasty ride? New lows very soon?
And the bears happy, that Fed has not much ammunition left …
The US markets not even tried once to go higher today … a slow and steady flow of […]