Thoughts – Insights

"The Day Today" - 15 Jan 2016

* Fed Bullard questions impact of ongoing fall in the oil price: “Low inflation expectations may keep actual inflation lower, all else equal, making it more difficult for the Fed to return inflation to target” * MPs urge Merkel to tell Draghi to end low rates in her meeting with him today * Banks . ….

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"The Day Today" - 14 Jan 2016

* Bomb blasts and gunfire in Jakarta * PBoC adds 160bn yuan through open market operations, the biggest single day injection of funds since Feb 2015 * Albert Edwards: the bear market of 2009 “was not . . . To read this article, please log in or sign up to one of our subscription packages….

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"The Day Today" - 13 Jan 2016

* Fed Lacker: prefers 4 rate rises this year and while there is no inflation now the “outlook can change fairly rapidly” * ExBOE Posen: “you should trust the Fed, not markets” – there will be more US hikes this year * The overnight offshore China rate in Hong Kong plummets back . . . To read…

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"The Day Today" - 12 January 2016

* Fed Lockhart: let “the economic data do the talking” but regarding March “we will have some new data but not a great deal more”… “If the volatility continues for several weeks, I may have to revise my view that I don’t now see a connection between financial markets abroad and the real economy…It is…

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"The Day Today" - 11 Jan 2016

* The South African rand loses 10.3% (!) against the USD in the first few minutes of trading * Overnight Hong Kong yuan interest rates spike 939bps to 13.4% * El-Erian: “Markets are realizing that central banks can no longer . . . To read this article, please log in or sign up to one…

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