Monday, 16 October, 2017
SPAIN: ***What do Game Theorists say about the….. SPAIN: ***What do Game Theorists say about the Catalan situation? – An essay written about the previous stand-off in 2012 by Jaume Vives, "The Catalan Secession Process at the Light of Game Theory" still has a lot of insight for today. The discussion was about whether Spain would allow a non-binding referendum, which is a step that has already occurred but least it gives […] Read More
Tuesday, 17 October, 2017
LONDON (MNI) – MNI PINCH calculate probability of rates rising in the US have moved modestly higher following newswire reports of Trump being impressed by Taylor’s interview, with markets pricing in two rate hikes by September 2018. Rates have ticked lower in the UK though as markets interpreted BoE Governor Carneys comments as marginally dovish. While in the Eurozone talk of ECB announcing lower but for longer QE has led to the curve […] Read More
Tuesday, 17 October, 2017
MNI FX Pi – Extreme Persistence USD Bearish Positioning Persists – 3-months at Extreme… Source: MNI/CFTC/Bloomberg …EUR Longs Hold Steady, But EURUSD Fails to Respond… Source: MNI/CFTC/Bloomberg … JPY Short Positions Extending, USDJPY Rebounds From 200-Day MA… Source: MNI/CFTC/Bloomberg …GBP Long Positioning Remains at Extreme, But GBPUSD Exhausted… Source: MNI/CFTC/Bloomberg …Slight Scaling Back of AUD Longs Could Leave AUDUSD Exposed… Source: MNI/CFTC/Bloomberg …CAD Longs Remain Close […] Read More
Tuesday, 24 October, 2017
ECB STREET VIEWS: * Pictet Asset Management expects 9-month extension of QE at E30bn p/m along with some changes to QE composition and reinvestment policy". * RBC: Look for a reduction of at least E30bln in net terms with duration remaining opened ended but with at least a 9-month end date. Forward Guidance should be strengthened and re-iterated. * Soc Gen: 9-month extensions at E25bln p/m, possibly buy debt with longer maturities. Keep door […] Read More
Thursday, 26 October, 2017
Still too much slack in the labour market, says RBA deputy Debelle http://www.afr.com/news/economy/still-too-much-slack-in-the-labour-market-says-rba-deputy-debelle-20171026-gz8ph0#ixzz4wbGWcyxx by Jacob Greber Unemployment is still above the level at which inflation-busting official interest rates are needed, says Reserve Bank of Australia deputy governor Guy Debelle, who warned the nation may yet suffer the same advanced economy affliction of a breakdown between hiring and wages. In a speech outlining plans by the Reserve Bank to make minor tweaks to the way officials present inherently tricky forecasts […] Read More
Friday, 27 October, 2017
By Bill Sokolis, Michael Chrysostomou, David Keeble LONDON (MNI) – Hallowe’en has come early to Spain; it is truly scary on the streets of Barcelona but, so far, EGBs are treating the Catalonian issue as a localised event. Less scary was the dovish taper from the ECB. Like Freddy Krueger, Draghi slashed the amount of purchases in half but the audience didn’t scream. These audiences have seen far too many […] Read More
Monday, 22 May, 2017
LLUSTRATION BY MICHAEL PARKIN The Sunday Times, May 21 2017, 12:01am Share Save A few months ago, I moved halfway across the world to report for this paper from New York. This move means less than it once did: people in Brooklyn use the same laptops, drink the same coffee and watch the same TV shows. Yes, dry-rub Southern chicken and a proper roast dinner are still worlds apart, but the food in Brooklyn and […] Read More
Thursday, 18 May, 2017
From: James Fay Sent: 18 May 2017 13:54 To: Ashley Joye <Ashley.Joye@Archr.com>; Tom Jennings <Tom.Jennings@Archr.com>; Michael Campbell <Michael.Campbell@Archr.com> Subject: FW: ANALYSIS: Fed Leaning Towards Leisurely Shrinking Reinvestmnts From: MNI Exclusive Insight Sent: 18 May 2017 13:53:51 (UTC) Dublin, Edinburgh, Lisbon, London To: James Fay Subject: ANALYSIS: Fed Leaning Towards Leisurely Shrinking Reinvestmnts ANALYSIS: Fed Leaning Towards Leisurely Shrinking Reinvestmnts –Officials Emphasize Smooth, Flexible Process After May Meeting By Jean […] Read More
Wednesday, 03 May, 2017
The Times UK – You can’t lead Brexit talks, EU tells May PM vows to be ‘bloody difficult woman’ Oliver Wright, Policy Editor | Bruno Waterfield, Brussels May 3 2017, 12:01am, The Times Theresa May will be barred from negotiating the terms of Brexit with her fellow European Union leaders, senior figures in Brussels have warned. In a sign of an increasingly hardline approach, the prime minister will be prevented from joining discussions at future EU heads of state meetings, […] Read More
Wednesday, 03 May, 2017
As a young New York Times reporter nearly four decades ago, I helped chronicle the rollout of what proved to be among our country’s greatest economic follies — the alchemistic belief that huge tax cuts can pay for themselves by unleashing faster economic growth. Buoyed by this idea, Congress passed the largest tax reductions in history just seven months after Ronald Reagan’s inauguration. I was deeply skeptical of the illogical notion that tax cuts could […] Read More
