8 November, 2015 by The TZ Newswire Staff Comments Off on Goldman Now Thinks "The Economy Might Start To Overheat Unless Growth Slows From The Current Pace"
Goldman Now Thinks "The Economy Might Start To Overheat Unless Growth Slows From The Current Pace"
Remember when a month ago Goldman “called it” on the question whether there would be a rate hike in 2015, when, in response to the rhetorical question of “What is your own view of the appropriate liftoff date?” chief economist Jan Hatzius said the following:
8 November, 2015 by The TZ Newswire Staff Comments Off on Three Ads That Summarize The Current State Of The Subprime Housing Market
Three Ads That Summarize The Current State Of The Subprime Housing Market
If 2014 was the year that saw the return of No Income, No Job, No Assets (NINJA), and Stated Income, Stated Assets (SISA, or “plug in random numbers”) mortgage loan applications, then the current three recent ads shown below, courtesy of KGBinvestor, demonstrate just how further down the subprime rabbit hole we have fallen in 2015.
One can only imagine what happens in 2016.
Consider:
8 November, 2015 by The TZ Newswire Staff Comments Off on Investigators ‘90% sure’ bomb downed Russian plane
Investigators ‘90% sure’ bomb downed Russian plane
Investigators working on the Russian plane crash in Egypt are “90 percent sure” the noise heard in a cockpit recording was a bomb explosion.
8 November, 2015 by The TZ Newswire Staff Comments Off on USD/JPY edging higher
USD/JPY edging higher
I posted the a little earlier
orderboard
USD/JPY is edging up towards the first area of clustered sell orders (around 123.50). Above there more exporters are placing offers up through 124.00
8 November, 2015 by The TZ Newswire Staff Comments Off on The Fly In The Buyback Ointment: Corporate Leverage Is At Record Levels
The Fly In The Buyback Ointment: Corporate Leverage Is At Record Levels
We’ve gone out of our way over the last year to explain that whatever monthly flow was lost to the taper was promptly recouped by corporate management teams via an endless stream of ZIRP-induced buybacks.
8 November, 2015 by The TZ Newswire Staff Comments Off on Japan data – September Labor Cash earnings: +0.6%y/y (expected +0.5%)
Japan data – September Labor Cash earnings: +0.6%y/y (expected +0.5%)
Japan – Labor Cash earnings for September
– expected +0.5% y/y
– prior was 0.4%
Real cash earnings (i.e. adjusted for inflation) +0.5% y/y (expected +0.3%, prior +0.1%)
8 November, 2015 by The TZ Newswire Staff Comments Off on China stockmarket opening indications – Shanghai Comp to open flat
China stockmarket opening indications – Shanghai Comp to open flat
Opening indications for Chinese stockmarkets