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China Is Also Failing In Stabilizing Its Currency

January 15, 2016

<Click on chart for larger image> Bloomberg.com – Offshore Yuan Declines on Bets PBOC Paused Market Intervention Central bank keeps fixing little changed for a fifth day Hong Kong dollar drops most since 2003 on yuan concern The PBOC conducted 160 billion yuan ($24 billion) of seven-day reverse-repo agreements in its open-market operationson Thursday, up… Continue reading China Is Also Failing In Stabilizing Its Currency

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How China And The Fed Interact

January 15, 2016

<Click on graphic for larger image> Bloomberg Business – The Market Thinks China’s Currency Policy Drives U.S. Monetary Policy Yuan-and-done? Eurodollar futures are increasingly at odds with the Federal Reserve’s dot plot , which details each policymakers’ preferred trajectory for interest rates, amid Chinese currency weakness and uncertainty on how Beijing will manage the yuan.… Continue reading How China And The Fed Interact

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Newsclips

Covering China’s Problems

January 15, 2016

<Click on graphic for larger image> The Economist – The yuan and the markets Strains on the currency suggest that something is very wrong with China’s politics “WHAT if we could just be China for a day?” mused Thomas Friedman, an American columnist, in 2010. “…We could actually, you know, authorise the right solutions.” Five… Continue reading Covering China’s Problems

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The Consensus Expects A March Hike, The Market Expects A September Hike

January 15, 2016

<Click on chart for larger image> The Wall Street Journal – Economists Think Fed Will Wait Until March to Raise Rates Again About 66% of those surveyed predicted March for next increase, with 25% picking June Private forecasters don’t think the Federal Reserve will raise short-term interest rates again at its Jan. 26-27 policy meeting,… Continue reading The Consensus Expects A March Hike, The Market Expects A September Hike

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Newsclips

Are Investors Leaving Junk?

January 15, 2016

<Click on chart for larger image> The Financial Times – Junk bond ETFs slide as investors exit the market The two largest exchange traded funds that track US junk bonds have fallen to levels last seen during the latter stages of the financial crisis, as investors shun exposure to highly indebted companies. Sentiment towards high-yield… Continue reading Are Investors Leaving Junk?

Newsclips

The Shipping Industry’s Supply Glut

January 15, 2016

<Click on chart for larger image> The Financial Times – Shipping’s globalisation woes This week, the eyes of investors have been fixed on tumbling oil prices. Little wonder: with oil now costing as little as $30 a barrel, 15 per cent down since the start of the year, energy markets are signalling trouble ahead —… Continue reading The Shipping Industry’s Supply Glut

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Newsclips

Discussing Markets

January 15, 2016

Financial Sense – Jim Bianco Sees Oil Prices Staying Low Until Oil Companies Forced Into Bankruptcy Jim Bianco, President of Bianco Research, says oil companies are engaged in “dead man drilling,” having to produce enough oil to service their debt, which pushes prices lower, or stop producing and go out of business. He ultimately sees… Continue reading Discussing Markets

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Looking At High Yield Energy Bonds

January 15, 2016

<Click on chart for larger image> <Click on chart for larger image> The Wall Street Journal – Energy Sector’s Junk Bonds Continue to Suffer Investors shun oil-and-gas producers’ low-rated debt amid slump in commodity prices Losses are deepening in the market for low-rated energy debt, as investors fret anew that a prolonged slump in commodity… Continue reading Looking At High Yield Energy Bonds

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Newsclips

Global Profit Outlook, Worst Since The Global Financial Crisis

January 15, 2016

<Click on graphic for larger image> Bloomberg.com – Global Earnings Downgrades Haven’t Been This Bad in Seven Years Hopes fading for global profits, once seen as equity catalyst Forecasts are still too high for 2016, market watchers say This earnings season may not provide much reassurance, say strategists at JPMorgan Chase & Co. Analysts project… Continue reading Global Profit Outlook, Worst Since The Global Financial Crisis

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More On Falling Inflation

January 15, 2016

<Click on chart for larger image> Federal Reserve Bank Of St. Louis – St. Louis Fed’s Bullard Discusses Oil Prices and Inflation Federal Reserve Bank of St. Louis President James Bullard discussed “Oil Prices, Inflation and U.S. Monetary Policy” at the Economic Club of Memphis on Thursday. “The recent movements in crude oil prices are… Continue reading More On Falling Inflation

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Newsclips

Odds Of A Recession

January 15, 2016

<Click on graphic for larger image> Bloomberg.com – Return of the Naysayers: U.S. Recession Odds Highest Since ’13 Weaker Chinese growth weighs on economists’ U.S. projections The median probability for a U.S. recession in the next 12 months jumped to 19 percent in this month’s Bloomberg survey, the highest since February 2013 and up from… Continue reading Odds Of A Recession

Newsclips

Deflation

January 15, 2016

<Click on graphic for larger image> The Economist – Picnic for the bears Fears of deflation and recession hit markets GLOOM seems to have descended at the start of 2016. Equity markets have had the worst start to the year in at least two decades. The great and the good have queued up to warn… Continue reading Deflation