Thursday, 14 March, 2024
Corporate defaults running at highest level since global financial crisis, says S&P (FT) This year’s tally of corporate defaults stands at 29, the highest year-to-date count since the 36 recorded during the same period in 2009, according to S&P. There have been 17 defaults in the US, with eight in Europe. The average number of defaults for the same period in the years 2010-23 was slightly more than 16, according to the S&P data. Subdued […] Read More
Tuesday, 19 March, 2024
{US} Timiraos (WSJ) – The Fed Is Playing a Waiting Game on Rate Cuts. The Rules Are Starting to Change. While investors focus on whether officials project fewer rate cuts, the Fed looks ahead to recession risks https://www.wsj.com/economy/central-banking/federal-reserve-interest-rate-cuts-rules-bd19a124 Read More
Thursday, 21 March, 2024
Britain’s economy is “moving in the right direction” for the Bank of England to start cutting interest rates, Governor Andrew Bailey said as two of his colleagues dropped their vote a rate hike. The BoE’s interest rate-setters voted 8-1 to keep borrowing costs at their 16-year high of 5.25% on Thursday as the two officials who had previously called for higher rates changed their stance. Most economists polled by Reuters had expected one member of […] Read More
Tuesday, 26 March, 2024
Bond giant Pimco fears inflation hit to US Treasuries Fund manager holds lower than normal position in longer-dated US bonds, and prefers UK, Australia and Canada Mary McDougall in London 45 MINUTES AGO https://www.ft.com/content/67fcf3cf-93b0-4ecf-a7f1-33f408944561 Bond fund giant Pimco is holding a smaller than usual position in US Treasuries and prefers the bonds of countries such as the UK and Canada, as it believes inflationary pressures may lead the Federal Reserve […] Read More
Tuesday, 26 March, 2024
Russia’s FSB says Western intelligence services aided Moscow attackers March 26 (AFP) — The head of Russia’s FSB security services said Tuesday that Western and Ukrainian intelligence services had helped the attackers who stormed a Moscow concert venue last week, killing dozens. “We believe the action was prepared both by the radical Islamists themselves and, of course, facilitated by Western special services, and Ukraine’s special services themselves have a direct connection to this,” Alexander Bortnikov […] Read More
Monday, 08 April, 2024
US intends to underscore the need for China to shift its industrial policy, according to US Treasury Secretary Janet Yellen’s prepared remarks in Beijing. Says China’s “enduring macroeconomic imbalances” include “weak household consumption and business over-investment, aggravated by large-scale government support in specific industrial sectors” Yellen says she expressed concern to China that some features of the Chinese economy have “growing negative spillovers” on the US and globally Seeing investments increase in industries targeted by […] Read More
Monday, 08 April, 2024
Jamie Dimon Warns U.S. Might Face Interest-Rate Spike — WSJ By Alexander Saeedy (Wall Street Journal) — JPMorgan Chase Chief Executive Jamie Dimon warned that U.S. interest rates could soar to 8% or more in coming years, reflecting the risk that record-high deficit spending and geopolitical stress will complicate the fight against inflation. “Huge fiscal spending, the trillions needed each year for the green economy, the remilitarization of the world and the restructuring of global […] Read More
Tuesday, 09 April, 2024
Musk believes AI could surpass the intelligence of any one human by the end of next year and be smarter than all humans within 5 years. However these advances rely on the supply of both the silicon and the electricity require to power and train the machines. “Last year it was chip-constrained, People could not get enough Nvidia chips. In a year or two electricity supply could be the issue”. The growing theme bullets on […] Read More
Wednesday, 10 April, 2024
Bloomberg Economics Return to Top ECB Spectrometer: A Guide to Doves and Hawks Niraj Shah Team: Economics BE Economist David Powell Team: Economics BE Economist 1. The Bloomberg Economics European Central Bank Spectrometer The European Central Bank isn’t ready to cut interest rates just yet. Bloomberg Economics expects the stars to align in June. Officials in northern European countries are staying cautious, concerned about elevated wage cost pressures. By contrast, colleagues from southern European nations […] Read More
Friday, 24 May, 2024
GOLDMAN SACHS EXPECTS U.S. FEDERAL RESERVE TO START CUTTING INTEREST RATES IN SEPTEMBER, VS PRIOR FORECAST OF JULY – Reuters News Read More
