Argentina's President Mauricio Macri asked the IMF to speed up $50 billion bailout, spooking investors. The Peso Fell to a Record Low.

Argentina hiked its interest rate to 45% earlier this month but it did not stop the damage.

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Mike "Mish" Shedlock

Argentina Seeks IMF Financing Following Yesterday's Hike in Rates to 40%.

Argentina once again seeks help from the IMF following yesterday's 40% interest rate hike.

New Record Low Yields on 10- and 30-Year Bonds: Double Cut?

Treasury yields continued a massive plunge today with new record lows. I sense a double rate cut by the Fed on March 18.

IMF Warns About Emerging Markets: Hello "Always Late" IMF, Global Crisis Coming

The IMF is finally warning that there may be an emerging market crisis. Hello IMF, it's already here. Look ahead.

Record Low 30-Year Bond Yield and Record High on Gold Coming Up

Once again, the yield on the 30-year long bond is below 2.0%. I expect a record low yield shortly. Gold will benefit.

Frostbite in Minutes: Record Low -75 Wind Chills and -20 Real Temps Expected

The words for the day are "stay inside". Record-breaking low temperatures are on the way.

I Expect New Record Low Long Bond Yield

Every attempt of the 30-Year long bond to break out of a decades-long downtrend fails. At the end of October, the long bond yield was 2.96%. Six days into November, it's back at 2.80%. Meanwhile, short-term rates continue to rise. We are a recession away from a new record low yield on the long bond.

Italy Target2 Imbalance Hits Record €432.5 Billion as Dwindling Trust in Banks Plunges

Contrary to ECB propaganda, Target2 imbalances are a direct result of an unsustainable balance of payment system. The imbalances represent both capital flight and debts that can never be paid back. If you think Italy can pay German and other creditors a record €432.5 Billion, you are in Fantasyland.

Lagarde Warns of Emerging Market and Low-Income Shocks by Trade War With China

IMF chief Christine Lagarde warns of emerging market and low-income shocks if Trump escalates his trade war with China.

Barry Ritholtz Asks “Why Has Inflation Remained Low for So Long?” Mish Asks “Is Inflation Low?”

Barry Ritholtz at the Big Picture Blog asks “Why Has Inflation Remained Low for So Long?”