The Guardian (UK) – Meet the Japanese girlband whose skirts get shorter when the Nikkei rises Machikado Keiki Japan’s debut single references quantitative easing and construction bonds, but they are not alone in taking an interest in their PM’s strategy for growth: ‘Abenomics’ The four-member group’s novel economic indicator has raised a few eyebrows –… Continue reading If This Works, Taylor Swift For FOMC Chairman!
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Core Logic – Q1 Equity Report An analysis shows that 9.7 million, or 19.8 percent of all residential properties with a mortgage, were still in negative equity at the end of the first quarter. This compares to 10.5 million, or 21.7 percent of all residential properties with a mortgage, at the end of 2012…The national… Continue reading An Update On Home Equity
The Wall Street Journal – Traders Pay for an Early Peek at Key Data On the morning of March 15, stocks stumbled on news that a key reading of consumer confidence was unexpectedly low. One group of investors already knew that. They got the University of Michigan’s consumer report two seconds before everyone else…Economic reports… Continue reading Pay To Play With Private Economic Data Sources
MoneyBeat (WSJ Blog) – What Fed Should Do at Next Week’s Meeting The Federal Reserve can ill afford a loss of credibility in a bond market running amok, taking yields higher and squashing a fragile recovery prematurely. What can they do, or more to the point, what should they do? The Fed should temper talk… Continue reading Next Week’s FOMC Meeting
<Click on chart for larger image> The Wall Street Journal – Nikkei Enters Bear Market Markets across Asia suffered another bruising day as investors scrambled for the exits, with Japanese stocks falling over 6% and into a bear market, and heavy losses in China and across Southeast Asia. Declines continued in U.S. stock futures and… Continue reading The Nikkei Takes Another Big Hit
The Wall Street Journal – Charting Hedge Funds’ Long Term Gains During the 16 years from 1997 through 2012, hedge funds delivered superior cumulative returns to domestic and international equities, commodities and fixed income by substantial margins. J.P. Morgan’s report uses Hedge Fund Research’s HFRI Composite index, which tracks hedge fund returns net of fees.… Continue reading Hedge Fund Performance
Real Time Economics (WSJ Blog) – More Than 3 Unemployed Per Job Opening Nearly four years into the U.S. economic recovery, competition for jobs remains brisk but not nearly as sharp as it was. The most recent data, which are seasonally adjusted, show that for every job opening in April, there were more than three… Continue reading The Jobs Market
<Click on chart for larger image> The Financial Times – US debt auction raises hopes over repo failures The number of failed trades in a key short-term financing market has jumped since central banks indicated they might wind down monetary easing policies. The bond market sell-off caused by confusion over US Federal Reserve policy has… Continue reading Repo Fails
The Financial Times – Central bank loss of control leads to EM tumble While it is not clear that we are at the beginning of a great global bond market sell-off, we have at least learnt a little more about how successive waves of monetary policy loosening might work in reverse. It has not looked… Continue reading Emerging Markets
MoneyBeat (WSJ Blog) – For the Dow, 100-Point Days Aren’t What They Used to Be Officially, market volatility is at a relatively low decibel level. To most investors, a different picture is emerging. The Dow Jones Industrial Average has moved more than 100 points in 10 of the 30 trading days since the Fed’s last… Continue reading Volatility