<Click on chart for larger image> The Wall Street Journal – Fed vs. the Dollar: Why Yellen Can’t Win A vicious cycle will make it hard for the Fed to raise rates this year For the most part, the problems driving the dollar higher are taking place away from the U.S. But there is no… Continue reading The Dollar And The Fed
<Click on chart for larger image> Asian Review – Sales to individuals to be called off over negative yields The planned March sale of 10-year Japanese government bonds through banks to retail investors, municipalities and others will be canceled amid expected below-zero yields following the Bank of Japan’s recent move to adopt negative interest rates.… Continue reading Japan Cancels 10-Year JGB Sales To Retail Investors
The Financial Times – ‘No limit’ to Japan easing, says Kuroda BoJ governor signals readiness to take rates further into negative territory Haruhiko Kuroda said there was “no limit” to monetary easing as he vowed to slash Japanese interest rates deeper into negative territory if necessary. In his first speech since last week’s surprise cut… Continue reading QE In Japan
Bloomberg Business – The Fed Wants to Test How Banks Would Handle Negative Rates Three-month Treasury bill rate falls to negative 0.5 percent As interest rates turn negative around the world, the Federal Reserve is asking banks to consider the possibility of the same happening in the U.S. In its annual stress test for 2016,… Continue reading More Fed Stress Tests For U.S. Banks
The Financial Times – What a US election year means for global investors Where outcome is likely to matter is in areas such as individual tax reform, trade and healthcare Obviously, this is an unusual — and potentially momentous — election in many ways. But the uncertain nature of this election has not prevented the… Continue reading What The Election Means For Global Markets
FOX Business – Can Rahm Emanuel Sell Chicago Bond Deal to NYC Investors? Chicago Mayor Rahm Emanuel is in New York City this week for a series of meetings with financial institutions about Chicago’s “strengthening” financial condition according to a statement from the Mayor’s office. The meetings come on the heels of the Chicago Sun… Continue reading Rahm Emanuel, Bond Salesman
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<Click on chart for larger image> Bloomberg.com – Fischer Says Fed’s Next Decision Unclear Amid Global Uncertainty Tells audience not to ask what Fed will do at next meeting Fed’s No. 2 still confident inflation will rise to 2% Federal Reserve Vice Chairman Stanley Fischer said it was too difficult to gauge the impact on… Continue reading Fed’s Fischer Speaks
<Click on chart for larger image> Bloomberg Business – Oil Bulls Jump in at Fastest Pace in Five Years on Rebound Hopes Net-long position jumped 35% through Jan. 26, CFTC data show Hedge funds increased bullish oil bets by the most since 2010 as prices climbed to a three-week high. West Texas Intermediate crude futures… Continue reading Still Bullish On Crude, Still Losing Buckets Of Money
Yahoo Finance – Google-owner Alphabet vaults past Apple as most valuable firm Google-parent Alphabet snatched Apple’s crown as the world’s most valuable firm based on the value of shares that leapt with better-than-expected earnings. At the official close of trade, Alphabet was worth $530.1 billion based on its share value, compared to $534.7 billion for… Continue reading Alphabet (Google) Tops Apple In Market Capitalization
Comment As Steve Liesman pointed out in the CNBC video above, yesterday’s spending and income data releases changed forecasters view of Q4 GDP. While the initial release last Friday showed Q4 GDP growth of 0.7%, economists who participate in CNBC’s Rapid Update lowered their estimates to 0.5% in the wake of these releases. Additionally, the… Continue reading GDP Update
CNBC – Treasury sought to withhold plans on debt For years, it has been a point of tension between the Obama Treasury Department and Republicans on Capitol Hill: If the nation hits the debt ceiling, can the U.S. government plan to avoid a technical default on its debt by using incoming funds to pay U.S.… Continue reading Revisiting Debt Prioritization