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Political Crisis In Spain Now Affecting Markets

October 4, 2017

The Financial Times – Catalonia political crisis unnerves Spanish markets Spanish stocks and bonds came under renewed pressure on Wednesday as the country’s constitutional crisis unnerved investors who in recent months have enjoyed an easing of political risk in Europe. After a relatively calm open, the yield on the 10-year Spanish bond jumped to its highest… Continue reading Political Crisis In Spain Now Affecting Markets

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Did Foreign Money Cause The U.S. Housing Crisis?

October 4, 2017

The Financial Times – The real cause of the America’s housing bubble was foreign money In this guest post, Martin Lowy argues that America’s housing bubble couldn’t have inflated to dangerous proportions without massive inflows from Europe. Total assets grew by about two trillion dollars in that period. Not all of it went into the US… Continue reading Did Foreign Money Cause The U.S. Housing Crisis?

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Cartoons

October 4, 2017

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Oil Rebound a Windfall for High Yield Energy

October 3, 2017

CNBC.com – The market’s worst-performing sector is about to rebound, top strategist Lee predicts Lee identified several signs that the worst-performing energy sector may have bottomed. Energy stocks may be bottoming as a number of bullish historical signals herald a potential reversal for the worst-performing S&P 500 sector this year, according to Tom Lee of Fundstrat… Continue reading Oil Rebound a Windfall for High Yield Energy

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Total Return Review – The S&P 500 Goes Streaking

October 3, 2017

Pension Partners – Is the S&P the New Money Market? The words “dangerous” and “stocks” used to be synonymous. That equities were a risky investment was a given. All that seems to have changed. I was recently asked if it was safe to “park some money” in the S&P for “a few months.” Why would… Continue reading Total Return Review – The S&P 500 Goes Streaking

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 Updating The Odds Of A December Hike

October 3, 2017

  The Financial Times – Mohamed El-Erian: Federal Reserve does little to shake ‘buy the dip’ mindset US central bank raises expectations for December rate rise without rattling markets Federal Reserve officials are at it again, skilfully. Through verbal guidance, chair Janet Yellen and some of her Federal Open Market Committee colleagues managed — in a… Continue reading  Updating The Odds Of A December Hike

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Is Volatility Mean Reverting?

October 3, 2017

Business Insider – Hedge funds are ‘dancing on the rim of a volcano’ The market is calm. Perhaps too calm. The lack of price swings has investors mired in a sea of complacency, which has them ignoring potential risks, says Societe Generale. The firm specifically cites the CBOE Volatility Index — or VIX — which is used to… Continue reading Is Volatility Mean Reverting?

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The Next Fed Chairman And The Stock Market

October 3, 2017

CNBC – Favorite to be next Fed chair believes central bank is a ‘slave’ to the stock market Kevin Warsh current favorite to be next Fed chair after meeting Trump, Mnuchin. Warsh reportedly said last week that Fed policy isn’t working. European economist with consistent negative view backs Warsh to lead Fed. Kevin Warsh, the favorite… Continue reading The Next Fed Chairman And The Stock Market

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Wall Street Notices Bitcoin

October 3, 2017

Bloomberg – Goldman Sachs to Explore Starting Bitcoin Trading Venture Goldman Sachs Group Inc. is exploring how it could help clients trade bitcoin and other digital currencies, according to a person briefed on the plan.  The New York-based bank is in talks with cryptocurrency experts but hasn’t yet formulated a business plan, a timetable for implementation or made… Continue reading Wall Street Notices Bitcoin

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Reserve Currencies

October 3, 2017

The Wall Street Journal – Despite Brexit, Pound Remains a Reserve Currency—but for How Long? Despite post-Brexit warnings, U.K.’s higher yields could still prove to be attractive Sterling’s status as a global reserve currency is little-changed a year after Brexit, a vote that prompted predictions of the pound losing favor among central banks. The share of global… Continue reading Reserve Currencies

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Does Spain/Catalonia Matter To Markets?

October 3, 2017

The Financial Times – Forex investors stay fixed on ECB amid Spanish unrest This year’s political upheaval has failed to unsettle a euro boosted by economy Given the nervy knee-jerk reaction of ‘if in doubt, sell’, it was hardly surprising that events in Catalonia prompted investors to unload some of their euros. Catalonian secessionism is a… Continue reading Does Spain/Catalonia Matter To Markets?

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Unemployment Rates

October 3, 2017

The Associated Press – Eurozone unemployment stable at eight-year low Unemployment in the eurozone remained unchanged in August underlining Europe’s steady economic recovery. Youth unemployment nonetheless remains high in many countries. Official figures released by Eurostat, the European Union’s statistics agency, show that the number of people out of work across the 19 countries sharing… Continue reading Unemployment Rates