Refusing to make a cake for lesbians seems a bit ridiculous, even if you express disapproval of homosexuality. However, refusing to make a cake and decorate it with something along the lines of "we support gays" when you do no such thing, as in the ...

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That might explain why bonds were not particularly well-bid given teh carnage in stocks and why eur/usd, although up on the day, seemed to be struggling compared to recent bullish strength on similar days in the last couple of weeks.

El Goog would've been better.

Yeah, just like he saw irrational exuberance in 1996. And we know how that turned out.

Could do this, but then again, could do that...markets can do many things, trouble is, knowing they could do them is not much help....

Presumably they are selling because the BoJ is buying. Once the BoJ stops buying they will probably start buying, because you probably don't want to be in risk assets when the BoJ stops buying.

Look out below on all asset classes in all countries when this becomes reality.

Agree with you both; that's 4% annualized.

Yes, trade what you see on the charts, but no, fundamentals have everything to do with forex. The issue is that you never know what importance the market has or will ascribe to any individual data point at the time that it comes out. Furthermore, ...

Hi, Why is the FF logo upside down in the top right hand corner of the page?

The public sector did very, very well during the Blair/Brown years from 1997 to 2010. By various accounts the public sector was remunerated better than the private sector by the time they were booted out of office, so a squeeze on public sector ...

LOL. All together now: "For he's a jolly good fellow, for he's a jolly good fellow..."

There are two separate issues here: 1. Whether the Fed should monitor asset bubbles (and act appropriately) 2. Whether the Fed should stoke asset bubbles The irony is that people like Cramer believe that the Fed shouldn't monitor asset bubbles and ...

Agree with Mike except that big drops on indexes usually take a long time from peak to trough. Fast declines and mofo short squeezes.

You speak with such certainty. May I borrow your crystal ball?

I agree with everything that you say, except that what happens to London property prices is less than certain. For as long as foreigners like London (or at least London property) then all is well. Why might that change? I don't know. Property ...

What's funny is that you ridicule somebody for misusing a term (and thank you for taking the time to point that out, it gave us all a good laugh at your expense), but then when somebody else corrects your obvious clanger, you choose to ridicule that ...

"..despite earlier leading markets to believe a hike was possible" should be "..despite having earlier led markets to believe a hike was possible"

Carney's not worried, Yellen's not worried. Inflation has undershot on the downside for yonks now; they would both welcome it overshooting by the same amount on the upside perhaps because there's this little thing called a humungous public and ...