Archive for January, 2015
Monday, January 19th, 2015
Via the NYTimes:
Millennials Set to Outnumber Baby Boomers
By DOUGLAS QUENQUAJAN. 19, 2015
75 is the approximate number, in millions, of millennials that the United States will have this year. The total of millennials — those born from 1981 to 1997 — will reach 75.3 million, overtaking baby boomers (1946 to 1964) ...
Posted in Uncategorized | Comments Off on Aging Baby Boomer Alert
Monday, January 19th, 2015
The FT has posted an article which details the latest carnage from the Swiss National Bank's decision last week to untether the franc. It also details the angst which regulators are suffering as they survey the damage.
Swiss franc fallout claims more casualties
Philip Stafford, Caroline Binham and Miles Johnson in LondonAuthor ...
Posted in Uncategorized | 2 Comments »
Monday, January 19th, 2015
Via the WSJ:
CENTRAL BANKS
Fed Officials on Track to Raise Short-Term Rates Later in the Year
While Europeans Weigh Bond-Buying Program to Boost Growth, U.S. Officials Are Upbeat on America’s Economic Prospects
By
JON HILSENRATH
Jan. 19, 2015 2:14 p.m. ET
Federal Reserve officials are on track to start raising short-term interest rates later this year, ...
Posted in Uncategorized | Comments Off on Hilsenrath Article
Monday, January 19th, 2015
The NYTimes is carrying a story which says that the richest eighty billionaires on the planet control as much wealth as the bottom 50 percent of the global population (3.5 billion people).
Via the NYTimes:
Business Day
Richest 1% Likely to Control Half of Global Wealth by 2016, Study Finds
By PATRICIA COHENJAN. 19, ...
Posted in Uncategorized | Comments Off on Income Inequality on Steroids
Monday, January 19th, 2015
Via a fully paid up subscriber:
19-Jan-2015 14:48 - BUNDESBANK STILL STRIVING TO PUT LIMITS ON ECB QUANTITATIVE EASING - SOURCES FAMILIAR WITH THE DEBATE ..rtrs
Posted in Uncategorized | Comments Off on Reuters Headline
Monday, January 19th, 2015
Via Marc Chandler at Brown Brothers Harriman:
Drivers for the Week Ahead
We provide a thumbnail sketch of the top things to watch this week, including:
- The ECB meeting will be the main event, but there are plenty of moving parts
- The Greek national election ...
Posted in Uncategorized | Comments Off on FX
Sunday, January 18th, 2015
Via the WSJ:
By
Esther Fung
Jan. 17, 2015 9:42 p.m. ET
SHANGHAI—The average price of new homes in 70 Chinese cities fell at a slower pace on a month-to-month basis in December as developers pulled back on price cuts at year-end after Beijing unexpectedly cut interest rates in November.
On a year-on-year basis however, ...
Posted in Uncategorized | Comments Off on Weak Real Estate In China
Saturday, January 17th, 2015
When President Obama delivers his State of the Union address to the nation later this week the speech will contain proposals which will increase the progressiveness of the tax code. He will propose raising the top rate on capital gains income to 28 percent from 23.8 percent. Under current law ...
Posted in Uncategorized | 1 Comment »
Friday, January 16th, 2015
Via Bloomberg:
ECB Plans to Run QE Through National Central Banks, Spiegel Says
2015-01-16 17:01:15.182 GMT
By Jana Randow
(Bloomberg) -- European Central Bank President Mario Draghi
briefed German Chancellor Angela Merkel and Finance Minister
Wolfgang Schaeuble on quantitative-easing plans under which
national central banks would buy bonds issued by their own
country, Spiegel magazine reported.
The plan, which ...
Posted in Uncategorized | Comments Off on Quantitative Mechanics
Friday, January 16th, 2015
Dealers are shell shocked after the extreme volatility the market has experienced this week. Traders offered complaints about liquidity and suggested that when the market starts to run one way there is no one available to stop the flow.
In terms of flow today I have heard of real money paying ...
Posted in Uncategorized | Comments Off on Treasury Update