The Traderszone Network

Housing advocates are blaming Gov. Andrew Cuomo for record-high homelessness in the city. The Coalition for the Homeless issued a new report that says the governor has failed to come through on his promise to create 20,000 new supportive housing apartments, the New York Daily News reported. The state budget included $1.9 billion for supportive and affordable housing, but Albany has so far only agreed to release $150 million.

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Carnegie Mellon University professor Marvin Goodfriend thinks negative rates is the best policy for the Federal Reserve in an era of low interest rates but we need a sea-change in our understanding of paper currency to make it work
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101.29 level is the level 
The USDJPY is up testing the topside trend line,swing highs from August 15 and August 16, and the 61.8% retracement of the moved down from the August 12 high.

Accounting giant PricewaterhouseCoopers LLP has settled a $5.5 billion lawsuit in the middle of a trial over its alleged failure to catch the massive fraud at Taylor Bean & Whitaker Mortgage Corp., according to a lawyer involved in the case.
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Ray Yadidi, a frequent partner of Isaac Chetrit, is planning a 15-story office building on a vacant Garment District site, sources told The Real Deal. Yadidi’s Garment District-based investment firm Sioni Group is expected to file plans with the city’s Department of Buildings next week for a 65,000-square-foot property at 44 West 37th Street, located between Fifth and Sixth avenues.

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Fed Vice Chairman Stanley Fischer tells CNBC the decision on whether to hike rates should be looking forward not back.