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Tonight’s BoJ Meeting Might Be More Important Than The Fed Meeting

September 20, 2016

Bloomberg.com – Mohamed A. El-Erian: Fed Meeting Shouldn’t Obscure BOJ’s Big Moment This week, much attention will focus on the Open Market Committee of the U.S. Federal Reserve, the most powerful central bank in the world, whose actions have global impact. Yet the most informative, and intriguing, policy decision could take place in Tokyo. And… Continue reading Tonight’s BoJ Meeting Might Be More Important Than The Fed Meeting

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Hedging Costs

September 20, 2016

<Click on graphic for larger image> The Wall Street Journal – Banks Are Now Too Scared to Even Make Money Banks have become too regulated and too scared of the risks to do what they should be doing, greasing the flows of money between countries We should welcome the fact that banks now try to price… Continue reading Hedging Costs

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China Tightening?

September 20, 2016

<Click on graphic for larger image> Bloomberg Business – Why ‘Quantitative Tightening’ May Again Become a Problem for Markets This week’s about the Fed, BoJ…and maybe, the PBOC. China’s holdings of U.S. government debt fell to their lowest level in more than three years in July, according to Treasury International Capital (TIC) transactions data released last week… Continue reading China Tightening?

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Is The Market Tightening For The Fed?

September 20, 2016

<Click on chart for larger image> The Wall Street Journal – Markets Tighten Ahead of Fed Key Goldman gauge at tightest level since June Investors have been pulling out of prime money-market funds ahead of the changes, which allow funds to stop investors from pulling money or charge them to do so when markets are… Continue reading Is The Market Tightening For The Fed?

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More Taper Tantrums

September 20, 2016

The Financial Times – Henny Sender: Cheap money may create more taper tantrums Dollar may retain haven status even if valuations reverse and drop Today, given the lacklustre economic fundamentals almost everywhere, “cheap money is the only thing driving (high) valuations”, says another leading hedge fund investor with offices on both sides of the Pacific.… Continue reading More Taper Tantrums

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Your Daily Installment On Poor Hedge Fund Performance

September 20, 2016

<Click on chart for larger image> The Wall Street Journal – Star Names Struggle as Smaller Hedge Funds Make Hay Several smaller funds have coped while big name funds struggle with market reversals Some of the biggest stars in the hedge-fund industry are badly lagging behind smaller, lesser-known rivals this year.  Many big-name funds have… Continue reading Your Daily Installment On Poor Hedge Fund Performance

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New Normal For Economic Growth

September 20, 2016

CBS MoneyWatch – What if slow economic growth is the new normal? With U.S. economic growth stuck in low gear for several years, it’s leading many economists to worry that the country has entered a prolonged period where any expansion will be weaker than it has been in the past. Are these worries justified? And if so, what might the consequences be for the future… Continue reading New Normal For Economic Growth

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More On The Stock/Bond Relationship

September 20, 2016

<Click on graphic for larger image> Gavekal Capital – One Reason Diversification Isn’t Paying Off Right Now The Asian financial crisis and the bursting of the tech bubble in the US flipped the inflationary/deflationary axis of the economic world. The primary price concern in the world from approximately 1970-2000 was one of rising prices (i.e. inflation). Since… Continue reading More On The Stock/Bond Relationship

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Are P/E Ratios A Good Measure?

September 20, 2016

<Click on chart for larger image> The Financial Times – When a benchmark can be an illusion There is a drawback to relying on price to earnings ratios to assess value The first quarter of 2009, the bottom for US stocks during the financial crisis, is now remembered as what it was: a once in a… Continue reading Are P/E Ratios A Good Measure?

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The Next Fed Chairman?

September 20, 2016

The Financial Times – Steven Seagal, star of the Fed’s ‘Bond Shock’ Even celebrities are starting to forecast interest rates, finds Katie Martin The whispery-voiced martial arts aficionado and action-movie stalwart was asked on Twitter earlier this month when the Fed would bump up rates again, a question that has tormented traders and investors ever since… Continue reading The Next Fed Chairman?

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A Look At The Birth/Death Adjustments To Payrolls

September 20, 2016

<Click on graphic for larger image> Real Investment Advice – Business Insider Unwittingly Exposes BLS Employment Error “This chart CLEARLY shows that the number of “Births & Deaths” of businesses since the financial crisis have been on the decline. Yet, each month, when the market gets the jobs report, we see roughly 180,000 plus jobs. Included in… Continue reading A Look At The Birth/Death Adjustments To Payrolls

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Cartoons

September 20, 2016

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