The annual Jackson Hole economic symposium, a three-day conference in Wyoming begins on Aug. 21 with the official topic of “Re-evaluating Labor Market Dynamics.”

In two weeks though there is more than just the employment report for bond holders to fade in their overzealous addiction to yield carry trades as we finally get the first look at second quarter GDP.

The long held debate is what would the US economy being doing without ZIRP by the Federal Reserve, would we be doing worse, about the same, or better?

On Thursday a Malaysia Airlines flight crashed with 295 people on board over eastern Ukraine near the Russian border, there is a high probability that the conflict in this region caused this plane to be shot down by accident.

The conditions in so many asset classes are unsustainable from a price perspective once interest rates rise even under a “new normalized rate environment”

The Fed officials have been coming out in speeches the last couple of weeks with rhetoric about ‘complacency’ and other such code words for chasing risk ahead of what the Federal Reserve knows is going to be an abrupt change in monetary policy over the next six months.

On Thursday the Personal Income and Outlays Report came out also known as the spending report and just like yesterday`s GDP downward revision the Healthcare component is playing havoc with the overall numbers...

The final GDP calculation came out on Wednesday, and we have several takeaways from this latest revision.

The one that has really characterized financial markets over the last couple of years, and by financial markets I mean everything from Forex and Natural Gas to Bonds and Equities.

An interesting dynamic taking place in financial markets on Thursday as Gold saw some substantial buying interest up $22 to the $1295 an ounce area.

The Fed today in their press conference lost any credibility on a number of issues, and it really goes to show that they have no clue what they are doing at this point.

The Middle East has flared up again and as usual the media hype machine goes into full court press hyping the news event in desperation to boost ratings and sell advertising space.

The Federal Reserve isn`t the only one, everyone from the IMF, Bond Funds, Wall Street Analysts, Hedge Funds and the Big Banks are on the wrong side of the market...

Jeffrey Gundlach of DoubleLine Capital LP says the 10-year U.S. Treasury note will likely trade in a range between 2.20 and 2.80 percent during the second half of year. Gundlach also said U.S. Treasuries are a buy for investors as they are yielding in the upper half of his projected trading range.

In an unprecedented move to fight off the threat of deflation, ECB cut its main interest rate to near zero at 0.15%, and its interest rate on deposits to a negative 0.1% for the first time.

We have noticed that despite an improvement in the economic fundamentals of the US as per the robust manufacturing numbers, automobile sales data, and upbeat employment numbers in 2014 many go out of their way to find negatives.