Wednesday, 02 September, 2015
Ambrose Evans-Pritchard Sept. 1 (Telegraph) — All five of the bank’s key timing indicators are flashing a green light for the first time since early 2009, suggesting the worst may be over for global equities Morgan Stanley has issued a "full house" buy alert on international stock markets for the first time since early 2009, effectively calling the bottom of this summer’s equity slump. The US investment bank said that all five of its market-timing […] Read More
Sunday, 30 August, 2015
— But Must Assess Impact of Recent Market Turmoil Before Making Sept Rate Decision By Steven K. Beckner and Karen Mracek JACKSON HOLE, Wyoming (MNI) – Cleveland Federal Reserve Bank President Loretta Mester said Saturday the U.S. economy is strong enough to bear a modest increase in the federal funds rate, but nevertheless said she needs to assess the impact of recent financial market turmoil before deciding whether to support a rate hike in September. […] Read More
Wednesday, 19 August, 2015
Raising Rates Now Would Be a Mistake With inflation so low, higher rates will push the economy away from the Fed’s price and employment goals. By NARAYANA KOCHERLAKOTA Aug. 18, 2015 7:11 p.m. ET {http://www.wsj.com/articles/raising-rates-now-would-be-a-mistake-1439939500} I participate in the meetings of the Federal Open Market Committee, the monetary policy-making arm of the Federal Reserve. In that capacity, I’m often asked by members of the public about the biggest danger facing the economy. My answer is […] Read More
Monday, 17 August, 2015
(Bloomberg) — The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil led a gauge of commodities to a 13-year low, while European equities rebounded from a weekly loss. The dollar was stronger against most peers by 8:12 a.m. in London. The ringgit weakened 1 percent, dragging the Bloomberg JPMorgan Asia Dollar Index to a fifth straight loss, the longest […] Read More
Monday, 17 August, 2015
Telegraph- Doomsday clock for global market crash strikes one minute to midnight as central banks lose control – 4 – Dominoes begin to fall ..The great props to the world economy are now beginning to fall. China is going into reverse. And the emerging markets that consumed so many of our products are crippled by currency devaluation. The famed Brics of Brazil, Russia, India, China and South Africa, to whom the West was supposed to […] Read More
Tuesday, 11 August, 2015
Begin forwarded message: From: Alan Taylor <Alan.Taylor@Archr.com> Date: 11 August 2015 06:35:45 CEST To: bbg <ataylor79@bloomberg.net> Subject: (BN) Yuan Devaluation Ripples Across Asia as Currencies, Metals Drop Yuan Devaluation Ripples Across Asia as Currencies, Metals Drop Yuan Devaluation Ripples Across Asia as Currencies, Metals Drop Tuesday, August 11, 2015 04:36 am by Nick Gentle and Adam Haigh (Bloomberg) — The yuan dropped the most in two decades, sparking a tumble in Asian currencies after China […] Read More
Monday, 10 August, 2015
BOE’s Miles Saw ‘Reasonable Case’ for Rate Increase Last Week 2015-08-10 17:57:51.33 GMT By Scott Hamilton and Jennifer Ryan (Bloomberg) — David Miles said there was a “reasonable” argument for the Bank of England to raise interest rates last week in order to avoid faster tightening in future. “I thought there was a case for beginning the journey now,” the BOE policy maker said in an interview in London on Monday as he explained how […] Read More
Monday, 10 August, 2015
Don’t Look Now, But Market Inflation Expectations Are Falling Market expectations for U.S. inflation appear to be sagging again. This could complicate the Federal Reserve’s deliberations about raising short-term interest rates as soon as September, though the central bank’s earlier reactions to similar movements suggest that by itself it won’t derail a move. Yields on 10-year Treasury notes have dropped from near 2.5% in mid-June to 2.16% on Friday, a sign investors demand less compensation […] Read More
Friday, 07 August, 2015
AFR: Goldman – Aussie housing 36% overvalued From AFR Contributing Editor Christopher Joye In The Australian Financial Review I argue that the Western Sydney pizza boy with 10 investment properties could be the canary in the coal-mine for the great Aussie housing bubble (click twice on that link or AFR subscribers can use the direct link here). Goldman Sachs certainly share my concerns, publishing analysis this week that finds Aussie housing is 36% overvalued if our […] Read More
Wednesday, 05 August, 2015
Atlanta Fed’s Lockhart: Fed Is ‘Close’ to Being Ready to Raise Short-Term Rates Lockhart says September could be ‘appropriate time’ to lift interest rate By JON HILSENRATH Updated Aug. 4, 2015 3:33 p.m. ET Federal Reserve Bank of Atlanta President Dennis Lockhart said the economy is ready for the first increase in short-term interest rates in more than nine years and it would take a significant deterioration in the data to convince […] Read More
