‘We Haven’t Seen Numbers Like These Before, And It’s Alarming’
KingWorldNews.com
September 13, 2016
With the Dow tumbling along with the price of crude oil and bonds, the quote of the week is clearly, “We haven’t seen numbers like these before, and it’s alarming.”
From Peter Boockvar: With markets getting jerked around again based on what some Fed member thinks about the economic world and monetary policy, Rick Santelli yesterday said it well, “One week hawkish, one week dovish, this is no way to run a central bank…If Janet Yellen was a leader…she should just turn off all the MICS at least in this point in time.”…
The exuberance in the US stock market yesterday is not being felt much elsewhere. Most of Asia traded lower overnight and after closing down 1% yesterday, the euro STOXX 600 is little changed today. This helps to explain the decline in the S&P futures this morning. Sovereign bonds are bouncing slightly with the 10 yr JGB yield down 1 bp to -.01%, the German 10 yr bund down 3 bps to back to zero and the US 10 yr is lower by 2 bps to 1.65%.
The Rest…HERE
