9 August, 2015 by The TZ Newswire Staff Comments Off on Here are the two important September dates for your diary: 4 and 17
Here are the two important September dates for your diary: 4 and 17
OK all you peeps looking out for the Fed lift off rate hike … here are 2 dates for your diary:
– September 4, the August NFP jobs data release
– September 17 Federal Reserve decision
Remember, in a nutshell, this is what the Federal Reserve is looking for to hike rates:
9 August, 2015 by The TZ Newswire Staff Comments Off on In what sense is money too tight?
In what sense is money too tight?
In the past few weeks I’ve done a few posts suggesting that monetary policy in the US is too tight.
A few years ago I did many posts suggesting that monetary policy is too tight.
I wouldn’t blame readers for assuming that I’m still making the same argument, but actually my current argument is quite different.
After late 2008, I thought money was too tight in an absolute sense, that is, according to any plausible Fed target. Unemployment was quite high and inflation expectations were very low.
9 August, 2015 by The TZ Newswire Staff Comments Off on The Rich, The Poor, & The Trouble With Socialism
The Rich, The Poor, & The Trouble With Socialism
Authored by Bill Bonner (of Bonner & Partners), illustrated by Acting-Man’s Pater Tenebrarum,
Rich Man, Poor Man
Poverty is better than wealth in one crucial way: The poor are still under the illusion that money can make them happy. People with money already know better. But they are reluctant to say anything for fear that the admiration they get for being wealthy would turn to contempt.
9 August, 2015 by The TZ Newswire Staff Comments Off on End of quarter and year FX forecasts from Commerzbank
End of quarter and year FX forecasts from Commerzbank
Commerzbank are looking for continued US dollar gains:
– USD should profit from the expectations of Fed interest rate normalization
– Current USD rates have not priced in the speed of rate hikes that we expect
On the EUR:
9 August, 2015 by The TZ Newswire Staff Comments Off on Asian stocks defensive on weak China data, Fed rate view
Asian stocks defensive on weak China data, Fed rate view
Asian shares were on the defensive on Monday after new indications of a slowdown in the Chinese economy strained the nerves of markets already unsettled by the prospect of a U.S. interest rate hike in …
9 August, 2015 by The TZ Newswire Staff Comments Off on Greece hopes to conclude bailout talks by Aug. 11
Greece hopes to conclude bailout talks by Aug. 11
Greece hopes to conclude negotiations with international creditors by early Tuesday at the latest, a Greek official said as talks continued in Athens on a new multi-billion euro bailout designed to keep the country from financial ruin. Greek officials have previously said they expect the bailout accord to go to the country’s parliament for approval by Aug. 18.
9 August, 2015 by The TZ Newswire Staff Comments Off on China stocks opening indications – Shanghai Comp to open up 1.1%
China stocks opening indications – Shanghai Comp to open up 1.1%
Opening indications for Chinese stockmarkets:
– Shanghai Comp to open up 1.1%
– CSI300 index to open up 1.0%
And …
– Yuan mid-point set by the PBOC today at 6.1162 (prior close 6.2097)