27 September, 2015 by The TZ Newswire Staff Comments Off on In Catalan vote, separatists win majority of seats
In Catalan vote, separatists win majority of seats
The election was cast as a referendum on independence, though it was unclear whether they would have a strong enough mandate to break away from Spain.
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27 September, 2015 by The TZ Newswire Staff Comments Off on The New World Financial Disorder
The New World Financial Disorder
27 September, 2015 by The TZ Newswire Staff Comments Off on Fed’s Dudley may show how serious the FOMC is about an October hike
Fed’s Dudley may show how serious the FOMC is about an October hike
New York Fed President Bill Dudley speaks at 8:30 am ET (1230 GMT) on Monday
NY Fed President Dudley has slowly edged toward the very dovish camp over the past year. He’s been skeptical about global growth and inflation. So far he’s been right.
27 September, 2015 by The TZ Newswire Staff Comments Off on Is today the day cable finally gets off the floor?
Is today the day cable finally gets off the floor?
GBP/USD is working on a six-day losing streak
The pound fell to the lowest since May on Friday in an ominous sign. Market participants I talk to don’t have a clear handle on what’s behind the selling except to say there are ‘worries about global growth’.
27 September, 2015 by The TZ Newswire Staff Comments Off on 71-Year-Old Arrested For Widespread "Hitlerization" Of Shinzo Abe Posters
71-Year-Old Arrested For Widespread "Hitlerization" Of Shinzo Abe Posters
Having achieved his militarist goals, amid massive protests and plunging popularity, it appears Shinzo Abe is rapidly taking gaining on Vladimir Putin’s spot atop the tyrannical-dicators-of-the-world-meme.
27 September, 2015 by The TZ Newswire Staff Comments Off on US equity futures point to more losses
US equity futures point to more losses
S&P 500 futures down 11 points
Friday trading was a deep disappointment to the US equity bulls. The market started off higher and was up 25 points at the peak of the day. It was a welcomed relief rally to break the persistent selling since the FOMC decision.
27 September, 2015 by The TZ Newswire Staff Comments Off on Wholesale Money Markets Are Broken: Ignore "Perverted" Swap Spreads At Your Own Peril
Wholesale Money Markets Are Broken: Ignore "Perverted" Swap Spreads At Your Own Peril
At the height of the financial crisis, the unprecedented decline in swap rates below Treasury yields was seen as an anomaly. The phenomenon is now widespread, as Bloomberg notes, what Fabozzi’s bible of swap-pricing calls a “perversion” is now the rule all the way from 30Y to 2Y maturities.