The Traderszone Network

Forex news for North American trade on Sept 14, 2021:
Markets:
– Gold up $10 to $1804
– WTI crude down 3 cents to $70.15
– US 10-year yields down 4.7 bps to 1.277%
The story in markets today was simple enough in the early going. US CPI was lower than expected and the dollar fell. Core CPI rose just

Bonds, Bullion, & Bitcoin Jump As Stocks Pump’n’Dump After CPI

A slightly weaker than expected CPI print prompted kneejerk panic-buying by the algos as it may delay The Fed’s taper. However, record-er and record-er highs in stocks is just as likely to trigger financial stability anxiety among some Fed members and as the US cash market opened, sellers appeared and erased all the un-taper gains. Small Caps were worst on the day, Nasdaq the least bad…

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Jim Reid: “The End Of The Gold Standard Unleashed The Most Inflationary Period Ever”

On Monday, Deutsche Bank’s chief credit strategist Jim Reid released his annual Long-Term Asset Return Study, which marks the 50th anniversary of fiat money – on which it is focused –  thanks to President Nixon ending the dollar’s link to gold in August 1971, arguably the most catalytic event that helped unleash the gargantuan wealth inequality we see today. Nixon broke down the Bretton Woods system that linked other currencies to gold, as well through a system of fixed exchange rates.

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While health employment has recovered since the start of the pandemic, it was still below peak pre-Covid levels

To view the full story, click the title link.

Price is down 2.57% from the high
At the highs today, the NASDAQ index was up 0.5% or 75.60 points.

Perhaps the most obvious lesson investors are learning this year with regards to emerging markets equities is that in China, regulation still looms large.

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Pushing on a string is a metaphor for the limits of monetary policy when households and businesses hoard cash in the face of a recession.