Mtl JP 23:52 GMT August 3, 2022
more good bad news
Gazprom said Wednesday that delivery of a turbine needed to keep gas flowing to Europe via the Nord Stream 1 pipeline was "impossible" due to sanctions on Moscow. - yahoo news
Germany to Gazprom: Your Turbine Is Ready, Let Us Deliver It - NYT
Olaf Scholz showed off a refurbished turbine for the Nord Stream 1 pipeline that Russia has said is the reason it can�t send more gas to Germany.
...�It is obvious that nothing, nothing at all, stands in the way of the further transport of this turbine and its installation in Russia. It can be transported and used at any time. There is no technical reason whatsoever for the reduction of gas supplies.� Mr. Scholz (and gas turbine expert now) told reporters
** miaw **
Mtl JP 22:13 GMT August 3, 2022
something propelled NatGas about $0.60 up
more in demand ?
larry spoketh earlier
- Inflation is a �consequence of the overheating of the economy�
- 'I don't think we're in a recession'
FED gang pushing on markets to perish the thought of 'jerome pivot' and claims of credibility with one and all currently eliciting howls and laughter
"more work to be done"
dc CB 21:28 GMT August 3, 2022
Nancy visits Taiwan
Little Nancy D'Alesandro learned everything she knows about politics watching her father conduct business in their house in Little Italy, Baltimore Maryland.
Little Nancy went on to Risk WWIII, leveraging all the power she amassed during the ensuing years.
D�Alesandro family portrait
Mtl JP 18:34 GMT August 3, 2022
boyz n gulz
to test your sense of humor or perhaps tolerance for sarcasm below a link to zh's
BY TYLER DURDEN
WEDNESDAY, AUG 03, 2022 - 01:17 PM
San Francisco Fed President Mary Daly, who makes $422,900 per year - and scrambled out of dozens of investments last year shortly before the Fed finalized strict new limits on policymakers' portfolios - just had her 'Nancy Pelosi Ice Cream" moment, dropping a sidewalk-spattering turd from her ivory tower on the average struggling American.
"I Don't Feel The Pain Of Inflation Anymore" Says Wealthy SF Fed Chair From Ivory Tower
Mtl JP 17:10 GMT August 3, 2022
mushroom farmer parade
- "We are committed to returning inflation to our 2% target and have made clear we will do what it takes"
but ... (putting on my Depends) ... not immediately, not suddenly not predictably. coz global events and other gremlins may not co-operate BUT ... aping previous assertions by a colleague: the FED had tools to create inflation and has the tools to murder it.
and by gawd as witness, murder it "WE WILL !" (pounds fist on podium)
kashkari is next. at 14:30
Mtl JP 16:49 GMT August 3, 2022
now POOF! , good puppy
some of my best moola is when I nurse a beer on the deck
Mtl JP 15:40 GMT August 3, 2022
11:45 barkin's turn to yak
- about "inflation"
maybe euro s done heaving and s interested in closing the gap now next
FW CS 15:18 GMT August 3, 2022
No don't trade ruble. Ruble for now is strongest currency along with USD, sanctions are hurting Europe more than russia. And the gold backing. We are seeing usd reserve status getting dethroned.
Mtl JP 14:41 GMT August 3, 2022
CS 14:38 plz tell me
u trade the usdrub ?
swiss frank 14:41 GMT August 3, 2022
I see eur/chf back to 1.0250 ish. I don't have a good reason why and yeah doesn't make sense, I know.
Mtl JP 14:39 GMT August 3, 2022
of note may be that bullard re-paraded his views and wants on cnbc's squawkbox short while ago
FW CS 14:38 GMT August 3, 2022
eurchf could hold usdchf back a bit? But general strong usd trend against everything except ruble
Mtl JP 14:30 GMT August 3, 2022
14:25 - Jay r u suffering "Daly" ?
letssee if the parade of mushroom feeders changes players nonchalance about what they say about inflation fighting commitments
Mtl JP 14:27 GMT August 3, 2022
S at 1.0115 and 1.01
GVI 14:25 GMT August 3, 2022
USD yields up, USD up, but stocks also up (??) after ISM services PMI
swiss frank 14:24 GMT August 3, 2022
USD/CHF Could really rocket from current levels like first stop 1.02 eventually 1.15. I have no pos here. Don't ask me why.
EUR is mega disappointment. That it could not manage to hold above 1.0250 from massively oversold levels and challenge real res levels around 1.04, 1.06, is only a prophecy of its eventual doom.
Mtl JP 14:23 GMT August 3, 2022
I am showing a GAP down
not gunning for it close atm but likely sell the puppy when gap closes
Belgrade Knez 14:19 GMT August 3, 2022
also usdx 4h trend line broken
Mtl JP 14:12 GMT August 3, 2022
players piszing on earlier FED gang yakkers' opinions and wants about inflation and fighting tactics
more FED "inflation fighter" messaging heros on deck today starting with
harker at bottom of hour
barkin just before luch hour and...
kashkari fireside chats mid-aft
Belgrade Knez 14:06 GMT August 3, 2022
very good US data .... closing today below 1.0145 will signal me for further down move
Mtl JP 14:01 GMT August 3, 2022
10am ... and euro gaps down
swiss frank 13:25 GMT August 3, 2022
Not only the smartest political woman. The smartest POLITICIAN.
That said the competition is pretty weak.
swiss frank 13:24 GMT August 3, 2022
PAR 13:11 GMT August 3, 2022
Isabel Diaz Ayuso is the smartest political woman in Spain and most probably in Europe.
Let's hope Giorgia Meloni in Italy follows her example.
Mtl JP 13:10 GMT August 3, 2022
frank 13:01 that sounds like revolutionary anti-social radicalism and insubordination. in need of harsh re-education treatment
swiss frank 13:01 GMT August 3, 2022
Not quite total commitment.
Isabel Ayuso, president of the Community of Madrid says NO! We will not shut down. This decree generates insecurity and scares off tourism and consumption. It causes darkness, poverty, sadness.
almost total commitment.....
swiss frank 12:58 GMT August 3, 2022
Spain totally committed to doing their part on the energy saving.
1. Shop windows and monuments must turn out lights by 10 pm.
2. Air con can not be set lower than 27 degrees (about 80 f)
3. Businesses must keep doors closed when AC is on.
4. Businesses urged to allow more working from home.
5. Men that do insist on working from the office given option of not wearing ties.
Mtl JP 12:53 GMT August 3, 2022
too rational, too practical, not ideological enough
Controversial former German chancellor calls for activation of Nord Stream 2 pipeline.
�If you don�t want to use Nord Stream 2, you have to bear the consequences. And they will be huge in Germany, too,� he told Stern. �If things get really tight, there is this pipeline, and with both Nord Stream pipelines there would be no supply problem for German industry and German households.�
Gerhard Schr�der confirms meeting with Putin again
Mtl JP 12:27 GMT August 3, 2022
I have confidence in european princes(ses)
Borrell: "Europe is facing a perfect storm: energy prices are up, economic growth is down and winter is coming. The Kremlin is using energy as a political weapon. We must prepare ourselves for a possible gas cut-off, principally through savings, diversification and solidarity among us"
looks like EU peasants are about to get a taste of the harsher side of living under EU princes boot heel: draconian edicts, draconian rules and associated draconian fine and jail penalties.
PAR 12:10 GMT August 3, 2022
Federal Reserve officials effectively pushed back against a narrative in financial markets over the past week that policymakers are envisioning a pivot away from tightening amid evidence of a turn in the economy.
Four Fed district-bank presidents highlighted in remarks on Tuesday that there was no sign yet of inflation easing. San Francisco Fed President Mary Daly said �we are still resolute and completely united� in the objective of getting inflation down around the 2% inflation target.
Remarks from Daly, Cleveland�s Loretta Mester, and Chicago�s Charles Evans helped trigger a surge in Treasury yields Tuesday as traders reconsidered how much more the central bank will raise interest rates and whether it could move to cut them in early 2023.
Mtl JP 11:38 GMT August 3, 2022
BoE has only one way to "surprise!" players now
Mtl JP 11:35 GMT August 3, 2022
- variously expected to hike by 20 or 50bps.
Previous 25bps hikes only embarrassed the BoE as "inflation fighter", done nothing reduce inflation and more importantly peasants' inflation perceptions.
Now inflation perception screamings about 15% inflation coming.
and nevermind political electoral comedy
Mtl JP 11:20 GMT August 3, 2022
EURO 1.0195, us 10-yr 2.741%
FED mushroom feeders came out in force yesty attempting to reverse player perception of a slowing FED. If players further fade optimism about ECB hikes, this puppy - theory says - goes DOwn
Belgrade Knez 11:03 GMT August 3, 2022
jkt abel 08:54 GMT 08/03/2022
and what were they supposed to do?
to shoot down the plane?
everyone knows China will not shoot down the plane, so Pelosi proceeded to Taiwan but still landed in complete darkness!
I am sure China will respond in some way, and I am sure US won't like it.
jkt abel 08:54 GMT August 3, 2022
China is just toothless tiger? Pelosi just pissed in front of their door and got away with it
Hk Dusty 02:17 GMT August 3, 2022
Lol ab! Zero percent chance of that happening. CCP rulers are much smarter than their dumb citizens that post on online forums�..
Mtl JP 00:06 GMT August 3, 2022
bullard now widely quoted saying
- "US Recession Not Going To Happen"
on one slide in his presentation:
- "Since modern central banks have more credibility than their counterparts in the 1970s, it appears that both the Fed and the ECB may be able to disinflate in an orderly manner and achieve a relatively soft landing,"
- The US central bank has developed over time respect for its ability to tame price increases ...