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What Is “Solid Economic Reasoning”?

What Is “Solid Economic Reasoning”?

Writing in The Nation, Robert Pollin asserts: All of [Bernie Sanders’s] major proposals are grounded in solid economic reasoning and evidence. Reading this statement, I was quite surprised. Despite the fact that many of the proposed policies would, in my opinion, likely prove beneficial — greater infrastructure spending for instance — the key question surrounds the impact of […]
U.S. Dollar Braces For NFP – Rally To Offer Favorable Short Entries

U.S. Dollar Braces For NFP – Rally To Offer Favorable Short Entries

US Dollar Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook: The Dow Jones FXCM U.S. Dollar Index (Ticker: USDOLLAR) is working on its fifth day of consecutive declines after reversing off confluence resistance at 12030 noted on Monday. Heading into Non-Farm Payrolls tomorrow, the immediate short-bias is at risk while above the median line extending off the yearly high with interim resistance […]
Gold Soars 16% In Q1 – Best Start To A Year In 42 Years

Gold Soars 16% In Q1 – Best Start To A Year In 42 Years

Gold’s 16.1% surge in Q1 2016 is the best start to a year since 1974. Overall, this is the best quarter since Q3 1986 and is the best performing major commodity of the year. Gold rallied this year as it cemented its status as a store of value amid financial market turbulence and concern about the global economy, […]
Quarter End Repetition

Quarter End Repetition

It is quarter end, so illiquidity irregularity is to be expected except that it isn’t irregular really. Eurodollar futures have been heavily bid for three days in a row now, leaving four consecutive up days for the first time since the liquidations. And because I am a sucker for fractal behavior, repo markets proved that […]