"The Day Today" - 25 Sept

* Lew Says Investors May Be Too Hopeful on Debt-Limit Debate  {NSN MTNIT30D9L35 <GO>} “People have to take seriously the fact that Congress has a lot of work to do in a short period of time,” the Treasury Secretary said.

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"The Day Today" - 24 Sept

* Fed’s Fisher (non-voter) says it all: “Here is a direct quote from the summation of my intervention at the table during the policy “go round” when Chairman [Ben] Bernanke called on me to speak on whether or not to taper: “Doing nothing at this meeting would increase uncertainty about the future conduct of policy and call the credibility of our communications into question.” I believe that is exactly what has occurred,

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"The Day Today" - 23 Sept

* Merkel wins with the highest share of votes for the CDU since 1990, but the question is what coalition will she form

* 12 Fed speakers this week (!) but will we learn anything new.

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"The Day Today (Friday edition)"

And so, it feels like we’re back to where we started. $/ZAR touched 9.55 yesterday, back to May 22nd levels before tapering chat began. While currencies are confused, stock mkts are still performing relatively well,

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"The (What taper?) Day Today" - 19 Sept

And so the world’s most important central bank blinks. They teed up the market for tapering and then claimed that ‘tightening financial conditions’ meant they have to wait and see.

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