<Click on graphic for larger image> The Wall Street Journal – A Shortage of Tools for Betting Against China Even after the selloff, valuations of some China shares remain sky-high. So where are the short sellers? China’s roller-coaster stock market is increasingly open to the world’s investors—so long as they don’t want to bet against… Continue reading China
Reuters – Puerto Rico governor calls for bankruptcy; adviser says island ‘insolvent’ Puerto Rico’s governor on Monday called for the commonwealth to be allowed to restructure its debts under U.S. bankruptcy code, while a newly appointed adviser to the U.S. territory said it is “insolvent” and will soon run out of cash. Governor Alejandro Garcia… Continue reading Puerto Rico
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The Wall Street Journal – European Union Prepares for Potential Fallout from Greek Bank Shutdown *EU’s Juncker: Feel ‘Betrayed’ by Greek Referendum Announcement, Disagreements ‘Overdramatized’ *EU’s Juncker: Greek Government Has Right to Hold Referendum *EU’s Juncker: Door to Negotiation Room Is Still Open *EU’s Juncker: Creditors’ Bailout Proposal Allowed for Substitute Measures If Numbers Add… Continue reading Greek Drama Heating Up
Bloomberg Business – Tracy Alloway: A Perfect Storm Brews for Bond Funds Soon it could be tough to save for a rainy day Post-financial-crisis regulation has sharply reduced investors’ freedom to buy and sell securities without affecting prices, according to many (many) market participants. Overheating in the bond market has exacerbated the problem, according to… Continue reading Bond Liquidity
Real Time Economics (WSJ Blog) – Fed Should Keep Rates at Zero Until Mid-2016 to Avoid ‘Dark Corners,’ IMF Paper Says The Federal Reserve should wait until the middle of 2016 to start raising short-term interest rates from near zero to ensure the economy is on a firmer footing and inflation is returning to the… Continue reading Everyone Has An Opinion On Monetary Policy
<Click on chart for larger image> MoneyBeat (WSJ Blog) – S&P 500 Has Longest Stretch Without Even a 5% Pullback Since 2004 Talk about buying the dips. The S&P 500 has not had a 10% drop in more than three years, a widely discussed streak that has some people saying stocks are overdue for a… Continue reading Where Have The Bear Markets Gone?
<Click on chart for larger image> The Wall Street Journal – China Struggles to Balance Volatile Markets As the past trading week drew to a close, the People’s Bank of China was getting increasingly nervous about the money evaporating from Chinese stocks. The central bank decided it was time for an about-face, quickly moving to… Continue reading The PBoC Eases Again
<Click on chart for larger image> <Click on chart for larger image> Bloomberg.com – Fed’s Dudley Says September Rate Rise Possible After Better Data The Federal Reserve could begin raising interest rates in September if economic data continue to improve as they have in recent weeks, said William C. Dudley, president of the Federal Reserve… Continue reading The Fed Continues Its Attempt To Get The Fed Funds Market In Line
<Click on chart for larger image> The Wall Street Journal – Oil-Market Bettors Take Money Off Table Oil traders have been running for the exits. Money managers moved out of bets on U.S. crude prices over the past two months as the volatility in the commodity’s price has plummeted. That has taken some of the… Continue reading Betting On Oil
<Click on graphic for larger image> Real Time Economics (WSJ Blog) – The U.S. Stands Out on Labor Force Participation Rates The U.S. has become an outlier among its peers in a key employment gauge. Among eight major advanced economies, all but one — the United States — show gains in labor force participation over… Continue reading One Of These Participation Rates Is Not Like The Others
Real Time Economics (WSJ Blog) – Economists Assign Blame For Housing Shortage The national supply of homes for sale is getting squeezed by the small amount of equity millions of would-be sellers have in their properties and relatively weak output from home builders, according to economists speaking Friday at a real-estate conference in Miami. Tight… Continue reading A Housing Shortage