4 October, 2015 by The TZ Newswire Staff Comments Off on Emerging Market Meltdown May Plunge Global Economy Into Recession
Emerging Market Meltdown May Plunge Global Economy Into Recession
When the Fed effectively telegraphed its new reaction function last month, the FOMC served notice to the world that it was not only acutely aware of what’s going on in emerging markets, but also extremely worried about the possibility that hiking rates could end up triggering something far worse than the “tantrum” that unfolded across EM in 2013.
The dire scenario facing the world’s emerging economies has by now been well documented.
4 October, 2015 by The TZ Newswire Staff Comments Off on Japan data-Nikkei September Services PMI 51.4 (prior 53.7) & Composite 51.2 (prior 52.9)
Japan data-Nikkei September Services PMI 51.4 (prior 53.7) & Composite 51.2 (prior 52.9)
Japan – Nikkei Services PMI and Composite PMI for September
Key points from Markit:
–
Both output and new business increase at slower rates in the service sector
4 October, 2015 by The TZ Newswire Staff Comments Off on Japan data-Labor Cash Earnings for August: +0.5% y/y (+0.6% expected)
Japan data-Labor Cash Earnings for August: +0.5% y/y (+0.6% expected)
Labor Cash Earnings for August in Japan +0.5% y/y
– expected +0.6% and prior was +0.9%
Real cash earnings +0.2% y/y
– expected +0.5% y/y and prior +0.5%
Both a little softer than expected (and more than a little in the cash of real earnings). Not a good sign for the hoped for climb in consumer spending. More slowly climbing wages are in danger of falling behind inflation and reducing purchasing power.
4 October, 2015 by The TZ Newswire Staff Comments Off on And Scene: Ben Bernanke Says More People Should Have Gone To Jail For Causing The Great Recession
And Scene: Ben Bernanke Says More People Should Have Gone To Jail For Causing The Great Recession
For those who may be unfamiliar – which would mean roughly 90% of the US population who believe the Federal Reserve is a national park – Ben Bernanke was Fed chairman from 2006 until 2014. He is better known as the Fed chairman who never launched a tightening cycle during his tenure. He is best known for not only bailing out Wall Street from the folly of his and his predecessor’s bubble-creating monetary policy and boosting the Fed’s balance sheet to $4.5 trillion, but also for the following selection of quotes:
4 October, 2015 by The TZ Newswire Staff Comments Off on Five years on, big TPP trade deal within reach
Five years on, big TPP trade deal within reach
A breakthrough over how long monopoly pharmaceutical companies should be given on new drugs has brought the Trans-Pacific Partnership within reach.
4 October, 2015 by The TZ Newswire Staff Comments Off on NZ Treasury: Monthly Economic Indicators for September 2015
NZ Treasury: Monthly Economic Indicators for September 2015
Monthly Economic Indicators August 2015 from the New Zealand Treasury is out now
Key points (bolding mine):
– 0.4%. The
– Treasury expects an around trend pace of growth over the second half of 2015 (i.e. around 0.6% a quarter).