Archive for September, 2016
Monday, September 5th, 2016
Via WSJ:
By Takashi Nakamichi and
Megumi Fujikawa
Updated Sept. 5, 2016 5:58 a.m. ET
TOKYO—Bank of Japan Gov. Haruhiko Kuroda on Monday acknowledged the downsides of his negative-interest-rate policy, suggesting caution about further reductions.
Coming amid a global debate about the efficacy of extreme monetary easing, Mr. Kuroda’s unusual emphasis on the potential damage ...
Posted in Uncategorized | 2 Comments »
Sunday, September 4th, 2016
Via Bloomberg:
Daisuke Sakai
Masaki Kondo
September 4, 2016 — 8:42 PM EDT
The Topix Banks Index has jumped 30 percent since early July, tracking a widening yield spread between Japan’s 10-year government bonds and two-year debt. Lending rates could be higher with long-term yields climbing, while the funding costs for banks, such as ...
Posted in Uncategorized | Comments Off on Bank Stock Rally in Japan
Sunday, September 4th, 2016
Via Bloomberg:
Merkel Party Suffers First Defeat by Anti-Immigration Populists
Patrick Donahue
patrickjdo
September 4, 2016 — 12:13 PM EDT
Updated on September 4, 2016 — 1:58 PM EDT
Chancellor’s CDU beaten into third place in German state vote
‘Bitter’ loss in east shows persistent refugee backlash
Chancellor Angela Merkel’s party was beaten by the populist Alternative for ...
Posted in Uncategorized | Comments Off on Trump Like Part Defeats Merkel Party in German State Election
Sunday, September 4th, 2016
Via WSJ:
G-20 Leaders Challenged to Find Effective Plan to Reignite World Growth
By James T. Areddy and
Valentina Pop
Sept. 4, 2016 10:15 a.m. ET
19 COMMENTS
HANGZHOU, China—Pointed words over China’s steel overproduction crystallized a challenge for world leaders gathered here to come up with an effective plan to reignite world growth.
A few hours ...
Posted in Uncategorized | Comments Off on G20: Sound and Fury Signifying Nothing
Sunday, September 4th, 2016
Randall Forsyth reads dips into the entrails of the labor report and finds some weakness in the labor market.
Via Randall Forsyth at Barron's:
Job Market Isn’t Working
For U.S. workers, weak wage growth and a shorter workweek add up to the worst employment trends since 2013. Also, a credit-rating problem for Tesla.
By
Randall ...
Posted in Uncategorized | Comments Off on Weak Wages and Shorter Work Week
Saturday, September 3rd, 2016
Via Bloomberg:
Deficits, Inflation and Helicopter Money for Japan
Bank of Japan Governor Haruhiko Kuroda may have been wishing for a stellar U.S. jobs report even more than Federal Reserve Chair Janet Yellen.
The underwhelming result for employment growth in August increases the pressure on Japanese monetary policymakers to keep the yen on ...
Posted in Uncategorized | Comments Off on US labor Reports Tests BOJ
Saturday, September 3rd, 2016
Via WSJ:
By
Jason Zweig
Sep 2, 2016 12:07 pm ET
11 COMMENTS
Beware of boredom.
Last month was dull in the financial markets, even by the normally sleepy standards of August. The S&P 500 stock index didn’t move up or down by more than 1% in a single day all month, ...
Posted in Uncategorized | Comments Off on Ennui Envelops Equities
Friday, September 2nd, 2016
Via TDSecurities:
TD SECURITIES DATAFLASH
US: Payrolls Slowdown Frustrates Fed’s September Hike Plan
· The US economy added 151K jobs in August, marking a sharp slowdown from brisk pace of the past few months.
· The details of the report were a disappointment to markets, with decelerating wage growth and falling hours worked pointing possibly ...
Posted in Uncategorized | Comments Off on Labor Report Recap
Friday, September 2nd, 2016
The Clinton team contemplates a landslide victory.
Via Politico.com:
Clinton’s advisers tell her to prep for a landslide
Displaying unchecked confidence, the Democrat’s paid consultants see plenty of paths to the White House.
By Annie Karni
Advisers to Hillary Clinton’s campaign have identified so many paths to an Election Day victory they are now focusing ...
Posted in Uncategorized | Comments Off on Hubris and Dewey Wins
Friday, September 2nd, 2016
Steve Feiss at Government Perspectives and @stevefeiss has reproduced a quote from Albert Edwards who is a macro strategist at SocGen. He is a perennial bear on the economy but his analysis is always logical and his full pieces are always entertaining. In this excerpt he posits a consumer led ...
Posted in Uncategorized | 1 Comment »