Global Credit, Bubble and market analysis is turning more interesting. China August Credit data were out Friday. Total (aggregate) Social Financing jumped to [...]
Analysis surrounding economic data is especially interesting these days. As always, there’s ample opportunity to pick and choose data points to support a [...]
“A resilient financial system is critical to a dynamic global economy — the subject of this conference. A well-functioning financial system facilitates [...]
Global markets are indicating heightened vulnerability. Thursday trading saw the S&P500 decline 1.54%, the second biggest decline of 2017. The session also [...]
“The real trouble with this world of ours in not that it is an unreasonable world, nor even that it is a reasonable one. The commonest kind of trouble is [...]
July non-farm payrolls gained 209,000 versus estimates of 180,000. June payrolls were revised 9,000 higher to 231,000. It’s worth noting that manufacturing [...]
July 25 – Bloomberg (Paul Gordon and Carolynn Look): “Five years ago today, Mario Draghi was talking about bumblebees. The European Central Bank [...]
A journalist’s question during Mario Draghi’s ECB post-meeting press conference: “…There was a sharp reaction from financial markets to your Sintra [...]
Global Markets rallied sharply this week. The DJIA rose 223 points to a record 21,638. The S&P500 gained 1.4% to a new all-time high. The Nasdaq100 (NDX) [...]
“Generally speaking (depending on the country), it is appropriate for central banks to lessen the aggressiveness of their unconventional policies because [...]
The past week provided important support for the “peak monetary stimulus” thesis. There is mounting evidence that global central bankers are monitoring [...]
June 18 – Financial Times (Mohamed El-Erian): “In hiking rates and, more notably, reaffirming its forward policy guidance and setting out plans for the [...]
