Uncategorized

We’ve already had the most important piece of data

God bless us all for trying. Today’s non-farm payroll number is awaited with excitement by banks who have seen the quietest August in years; by hedge funds desperate to turn a difficult year around; and by journalists keen for copy. More kindly, we might add central banks to the list, given they are data dependent…

Read more >

The Day Today 15 August 2016

* BOE Haldane on Brexit: “This is a structural shift in the U.K.’s economic and trading regime, whereas monetary policy can offer no more than a short-term balm for economic uncertainty” * 36% of businesses expecting to increase staffing over next 3 months, vs 40% pre-referendum; 56% of CEOs are unchanged in their investment plans…

Read more >

The (Will You Marry Me) Day Today 29 Feb 2016

* G20 hears China say there will be no Yuan devaluation * G20 statement: “we will consult closely on exchange markets”; PBOC Vice Governor said it helps alleviate concerns of a “currency war” * Abe adviser Hamada: “Sporadic interventions may be needed to punish speculators who are taking advantage of temporary market psychology to keep…

Read more >

And so, the end is near, we’ve yet to face the final curtain

Tonight, Janet Yellen gets to do it her way. 9 years since the last time the Federal Reserve hiked interest rates, three and a half rounds of QE and a financial crisis later, she gets to pull the trigger. Or at least signal the gun is cocked. Now, it’s tough to get a handle on…

Read more >

Reporting from the front line

Ahead of possibly The Most Important Interest Rate Decision Ever, BlondeMoney is out in the field, reporting from the front line …. Today the Federal Reserve Bank of San Francisco was certainly busy, populated by a man in a cowboy hat and several chino-wearing minions. As we move into the denouement on Thursday, will we…

Read more >