The Day Today

The (Lehman RIP) Day Today 16 Sept

* Summers withdraws from the race to be Fed chairman after key Democrat senators, emboldened by Syria deference to Congress, warn he won’t pass muster {NSN MT7B286JIJUZ <go>} * WSJ: Other candidates aside from Yellen are Kohn, Ferguson, Geithner (who says he doesn’t want it {NSN MT797C0YHQ0X <go>}) or even ex-Bank of Israel Stanley Fischer…

Read more >

The Day Today (Friday edition) 13 Sept

* Nikkei: Obama To Name Summers As Next Fed Chief: Sources -> This story a rehash of what is already known, but mkt excitement hinges on Nikkei using the phrase “set to name” Summers  http://reut.rs/18YEFrZ -> Yellen’s chances could be scuppered by appointment of Lael Brainard as Vice-Chair (guarding Obama from accusations of being anti-women)…

Read more >

The Day Today 12 Sept

* RBNZ become first G10 central bank to signal rate hikes: “OCR increases will likely be required next year…We expect to keep the OCR unchanged in 2013” http://bit.ly/13PPgqO * But Governor Wheeler tries to talk down the ccy: “Overvalued NZD is a problem…would like to see a weaker NZD”  {NSN MSZQ0R6K50YQ <go>} * Putin writes…

Read more >

The Day Today, 11 Sept

SYRIA * Obama: Asks Congress to postpone a vote on military strike on Syria; Orders military to maintain its position to keep pressure on Assad; US is not the world’s policeman   {NSN MSY2H76TTDS1 <go>} * France: Draft to UN Security Council to give Syria 15 days to declare chemical weapons * WSJ: Obama Rescues Assad …

Read more >

The Day Today 9 Sept

Chinese Premier Li writes in FT – ‘China will stay on the path of reform…we can no longer afford..the old model of high consumption and high investment’ and that 7% growth is the “lower limit” to ensure steady growth and employment  http://on.ft.com/1e7TAs2 Guardian: John Kerry careful not to rule out return to UN for Syria…

Read more >