Notes From Underground: It’s Hard to Believe

Dec 08, 2021

On December 7, 2009, NOTES FROM UNDERGROUND published its first post and we’ve shared a few thousand thoughts since then (all archived at WordPress and for those on CQG they available thanks to the great efforts of Stan Yabroff). In sifting... more

The Roundtable Insight – Jim Bianco and Yra Harris on the Economy and the Financial Markets

Dec 08, 2021

James Bianco is President and founder of Bianco Research LLC.. Started in 1998 providing macro, fixed-income and economic analysis for financial market professionals

Bianco Research LLC.. is an affiliated company of Arbor Research... more

Market Summary: December 4, 2021

Dec 06, 2021

Petroleum prices fell for a sixth consecutive week, the longest such streak of weekly losses since November 2018. Expected reduction in global petroleum demand due to the emergence of the Omicron variant of Covid-19 and the decision of OPEC+ to... more

Coffee & Wheat Explode In November

Dec 01, 2021

Commodities are highly volatile assets. Price often below rational, logical, and reasonable levels. In April 2020, nearby NYMEX crude oil prices fell to negative $40.32 per barrel. Anyone holding a long position without storage capacity had to... more

Market Summary: November 28, 2021

Nov 29, 2021

The discovery of a new Covid strain slammed petroleum prices on Friday as overwhelming fears
of demand destruction enveloped energy markets, erasing gains dating back to August. This
was the largest one-day drop since April 20, 2020... more

Notes From Underground: Odious, Indeed

Nov 22, 2021

We at Notes From Underground on Oct. 31 wrote a post titled, “The Odious Designs of ECB Policy.” It noted that during the ECB post-meeting press conference President Christine Lagarde said — in response to a question of whether the ECB would... more

Market Summary: November 21, 2021

Nov 22, 2021

Petroleum prices fell for a fourth consecutive week, the longest streak of weekly losses since March 27, 2020. After having reached seven-month highs a scant four weeks ago, prices are now at seven-week lows. This was the largest weekly reduction... more

The Roundtable Insight – Kevin Duffy is Principal of Bearing Asset Management and editor of The Coffee Can Portfolio

Nov 17, 2021

Yra Harris & Kevin Duffy with thanks to Financial Repression Authority.


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Notes From Underground: A Possible Solution to the Central Bank Dilemma

Nov 16, 2021

It’s been. another week in which headline inflation concerns has jolted markets, particularly in the interest rate space, but not as much as many investors and traders would have expected. The yield curves in the U.S. FLATTENED as markets seem... more

Market Summary: November 14, 2021

Nov 15, 2021

Energy prices fell for a third consecutive week and third week in 12 as the looming threat of intervention by executive order from the US president to try to reduce energy prices dominated market influences this week. The rate of inflation was... more