Real Time Economics (WSJ Blog) – With Boehner’s Resignation Comes Another Bout of Economic Uncertainty Congressionally induced uncertainty is back. The announcement this morning that Speaker of the House John Boehner (R., Ohio) will resign from Congress at the end of next month complicates the difficult debates in Congress over how to keep the government… Continue reading The Debt Ceiling
The Wall Street Journal – Jon Hilsenrath: Fed Declines to Comment on Yellen’s Health A Federal Reserve spokeswoman declined Friday to say if Chairwoman Janet Yellen resumed a normal work schedule or sought follow-up medical attention a day after she appeared ill near the end of a long speech in Amherst, Mass. Ms. Yellen returned… Continue reading Yellen’s Health
International Business Times – Bank of England orders new probe into automated dealing in wake of August market turmoil The Bank of England has ordered a new investigation into the risks of black-box trading in the wake of August’s “Shanghai Shock” market turmoil, which featured sharp swings in global asset prices. In its quarterly assessment… Continue reading Did Computers Go Awry In August?
Comment Yesterday Bianco Research, in conjunction with Arbor Research & Trading, hosted a webcast/teleconference moderated by Jim Bianco. Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/092415.mp3|titles=Conference Call ] Webcast [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/092415.flv” width=”600″ height=”495″ description=”” player=”3″ autoload=”false” autoplay=”false” loop=”false” autorewind=”true” splashimage=”https://www.biancoresearch.com/bianco/wp-content/themes/twentyten/images/splash.jpg” /] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=272″] The Wall Street Journal – Jon Hilsenrath and Ben Leubsdorf: Janet Yellen Expects Interest Rate Increase This… Continue reading What’s Next For The Fed/Markets?
<Click on chart for larger image> The Financial Times – Financial pressures hit US shale oil output The collapse of oil prices has turned the attention of producers towards survival. As they conserve cash, US crude oil production volumes are finally heading lower. The government has revealed domestic output peaked in April and forecasts that… Continue reading Energy
<Click on chart for larger image> Atlanta Federal Reserve – Latest forecast — September 24, 2015 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2015 is 1.4 percent on September 24, down slightly from 1.5 percent on September 17. The decline occurred on Monday when the… Continue reading A Look At Q3 GDP
<Click on the graphic for larger image> The Economist – Central banking: After the hold, be bold It will take more than patience to free rich economies from the zero-interest-rate world SOMETIMES doing nothing really is better than doing something. On September 17th the Federal Reserve made the right decision to leave its benchmark interest… Continue reading Central Banking
<Click on graphic for larger image> Bloomberg.com – It’s All `Perverted’ Now as U.S. Swap Spreads Tumble Below Zero Ten-year spread goes negative for first time since 2012 Swap spreads shrink as China sells Treasuries, repo rates rise At the height of the financial crisis, the unprecedented decline in swap rates below Treasury yields was seen… Continue reading Negative Swap Spreads
The Financial Times – Robin Harding: Shinzo Abe vows to boost Japan output by 22% with new reforms Shinzo Abe has vowed to boost the size of Japan’s economy from Y491tn to Y600tn and said his programme of reforms was entering a new, second stage. The Japanese prime minister was speaking after his Liberal Democratic… Continue reading Japan
The Economist – Central Banks Below Zero Serious voices are floating the idea of punishing cash. The main monetary news last week was Janet Yellen’s decision not to start a modest liftoff in U.S. interest rates until, well, whenever. So it might have escaped broader notice that the Bank of England is inching toward the… Continue reading Will Central Banks Go Below Zero?
<Click on the graphic for larger image> The Economist – Buttonwood: Greys’ elegy Demographic change will have big economic impacts THE population of the developed world is ageing. Everyone knows that it is happening but no one is sure what it will mean. A new paper from Morgan Stanley, part-written by Charles Goodhart, a former… Continue reading Demographics