Archive for November, 2015
Monday, November 30th, 2015
The WSJ reports on what they suspect will be a contentious OPEC meeting this week. Saudi Arabia is the least liked party in the room as that Kingdom's policy to drive marginal producers from the market to raise the price of oil has not produced (yet) the desired result. The ...
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Monday, November 30th, 2015
Bloomberg reports that the world's biggest pension fund, the Japan based Government Pension Investment Fund with $1.1 trillion in assets, lost $64 billion or 5.6 percent of its assets in Q3. In the movie Apocalypse Now one of the characters utters a line I have always loved, "I love the ...
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Monday, November 30th, 2015
Shopping on line trumped (conjugating a Presidential candidate?) in store shopping this weekend as the revolution wrought by Steve Jobs alters long standing behavior patterns. The one interesting anecdote in this WSJ article was from the matriarch of a family who recounted that her family had finished Christmas shopping on ...
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Monday, November 30th, 2015
Some Thoughts From Kit Juckes at SocGen:
<http://www.sgmarkets.com/r/?id=hf3b5ed5,14fccc86,14fccc87&p1=136122&p2=5ca7b66489a3da63031eaa395a2fc189>
There is just too much noise coming our way this week. It's hard to turn it into music and more likely it will leave us with a headache...
The CNY is expected to be elevated to the SDR club today; The ECB is expected to ...
Posted in Uncategorized | Comments Off on Early FX
Sunday, November 29th, 2015
Via Bloomberg:
Iron Ore Breaches $40 in Singapore as China Port Holdings Expand
Jasmine Ng
November 29, 2015 — 9:39 PM EST
Most-active iron ore futures in Singapore sank below $40 a metric ton for the first time on concern that the economic slowdown in China will cut demand as supplies from the largest ...
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Sunday, November 29th, 2015
Via the WSJ:
By Brian Blackstone And
Todd Buell
Updated Nov. 29, 2015 7:42 p.m. ET
Developments in the U.S. and Europe this week are set to widen the gap between the likely path of interest rates in the two regions and add to currency-market turbulence that has produced a 12% increase in the ...
Posted in Uncategorized | Comments Off on Divergent Paths
Sunday, November 29th, 2015
Via the WSJ:
By Justin Baer
Nov. 29, 2015 8:00 p.m. ET
0 COMMENTS
Michael Bloomberg and an all-star cast of former top U.S. officials are leading a push to bring the trading of China’s currency to Wall Street.
Mr. Bloomberg, founder of the financial-data and information company Bloomberg LP and former New York City ...
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Friday, November 27th, 2015
Via WSJ:
By Ruth Simon
Nov. 26, 2015 8:10 p.m. ET
The biggest banks in the U.S. are making far fewer loans to small businesses than they did a decade ago, ceding market share to alternative lenders that charge significantly higher rates.
Together, 10 of the largest banks issuing small loans to business lent ...
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Friday, November 27th, 2015
Via Marc Chandler at Brown Brothers Harriman:
Dollar Rides High into Month End
- China is very much at center stage after the Shanghai Composite slumped nearly 5.5% today
- The dollar rose to two-month highs against the yuan, while the gap between the offshore (CNH) and onshore (CNY) yuan widened to about ...
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Thursday, November 26th, 2015
Larry Kudlow (Bear Stearns economist, Reagan advisor and lately talking head) likes to say on his radio program that corporate profits are the mother's milk of the stock market. This WSJ article begins with the ominous statement that the milk is running dry. The article quotes Ed Yardeni (who might ...
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