Tuesday, 11 January, 2022
By CHRISTOPHER LEONARD 12/28/2021 04:30 AM EST Christopher Leonard is a business reporter whose work has appeared in The Washington Post, The Wall Street Journal, Fortune and Bloomberg Businessweek. He is the author of The Meat Racket and Kochland, which won the J. Anthony Lukas Work-in-Progress Award. His new book, The Lords of Easy Money: How the Federal Reserve Broke the American Economy, is out January 11. Thomas Hoenig doesn’t look like a rebel. He […] Read More
Tuesday, 14 December, 2021
Street Views: BoA (Cabana, Axel): There will be 3 key points of focus at the Dec FOMC: (1) taper acceleration (2) SEP & dot plot, which will show a pull forward of hikes (3) balance sheet discussion & hints of QT. We expect the Fed to double the speed and reduce monthly TSY purchases by $20bn and MBS purchases by $10bn. The updated dot plot will likely reveal a pull forward in the dots, with […] Read More
Tuesday, 07 December, 2021
Terry McCrann – After February RBA meetings go ‘live’ again After the latest RBA board meeting it is clear Australia is moving closer to a rate rise, not just potentially in 2023 but possibly even relatively early next year. https://www.heraldsun.com.au/business/terry-mccrann/after-february-rba-meetings-go-live-again/news-story/7d38e9888fa403f550d9c60463cccd9e Reserve Bank Governor Philip Lowe and his fellow directors and RBA management have been on a journey over the last two months and which will reach its destination at the next […] Read More
Monday, 06 December, 2021
ANZ: If the Fed does accelerate the pace of its bond tapering, then we think the RBA could well decide to end its QE program altogether in February. This would be doubly so if the data over coming weeks means the RBA’s economic forecasts are upgraded in its February Statement on Monetary Policy. We don’t think the statement that will follow the RBA Board’s December meeting will allude to the possibility of QE ending […] Read More
Tuesday, 30 November, 2021
Existing vaccines will be less effective at tackling Omicron than earlier strains of Covid-19 and it may take months before pharmaceutical companies can manufacture new variant-specific jabs at scale, Moderna Chief Executive Stephane Bancel said in an interview with the Financial Times. The high number of Omicron mutations on the spike protein, which the virus uses to infect human cells, and the rapid spread of the variant in South Africa, suggested the current crop of […] Read More
Tuesday, 30 November, 2021
(BN) Bank of England Recent Policy Comments and Decisions ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Bank of England Recent Policy Comments and Decisions2021-11-30 07:00:00.7 GMT By Barbara Sladkowska (Bloomberg) — The following is a compilation of policy statements anddecisions from the Bank of England’s Monetary Policy Committee and DeputyGovernors.*TNov. 26 — Huw Pill. Chief EconomistVENUE: Speech to the Confederation of British Industry North East “Taken together, these developments were sufficient for me to support theMPC’s November steer that, should the incoming […] Read More
Monday, 29 November, 2021
(MIRABAUD SECURITIES) Within the Michigan University consumer confidence data last week was this chart: “Good time to buy a vehicle?”. The Bloomberg ticker is CONSVEHR Index, but Uni Of Michigan’s own website overlays longer term data with various recession periods: A similar chart is available for white goods: Several reasons as to why this maybe so: Too little supply (lack of chips etc), you can’t buy what isn’t available? Brought forward demand already […] Read More
Friday, 26 November, 2021
One scientist told me this was the worst variant they’d seen – look at it on paper and it’s not hard to see why. It is the most heavily mutated variant so far and is now radically different to the form that emerged in Wuhan, China. That means vaccines, which were designed using the original, may not be as effective. And some of its mutations are known to increase the ability of coronaviruses to spread. […] Read More
Friday, 26 November, 2021
Travellers arriving in England from several southern African countries will have to quarantine amid warnings over a new coronavirus variant. UK Health Secretary Sajid Javid said from 12:00 GMT on Friday six countries would be added to the red list, with flights being temporarily banned. One expert described the variant, known as B.1.1.529, as “the worst one we’ve seen so far”, and there is concern it has the potential to evade immunity. No cases have […] Read More
Friday, 26 November, 2021
(BN) South Africa Working at ‘Lightning Speed’ on New Virus Variant ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. BN 11/26 05:28 *SOUTH AFRICA SCIENTIST: WORK ON VARIANT AT ‘LIGHTNING SPEED’ South Africa Working at ‘Lightning Speed’ on New Virus Variant2021-11-26 05:45:22.470 GMT By Antony Sguazzin (Bloomberg) — South African scientists are working “atlightning speed” to ascertain how quickly the concerning newcoronavirus variant can spread and whether it is resistant toCovid-19 vaccines. Results will still take at least two weeks, Tulio deOliveira, […] Read More
