The press is dominated by the timing of any reduction or cessation in the Fed’s current policy of open ended Quantitative Easing. That means that when any FOMC member makes an appearance than the first reporter’s question seems to be always as to when the Fed will be “tapering” it’s current policy. It was only […]
Chaotic Markets — FIU
Today was a day that the financial markets used to have back in 2008. It was a fairly quiet start to the European trading session which was dominated by a poor German 10yr Bund auction which saw German 10yr yields hit 1.675% at the end of the morning session. There had been some US Investment […]
The election is finally over and everything remains the same — FIU
The result is being treated as a relief that the election is finally over and that there has been a clear cut result. Basically everything remains the same. So after initially selling off in Tokyo hours- US S&P 500 futures are now in positive territory after rallying 0.75% yesterday. US Treasuries- initially rallied in Asian […]
Well I have to admit I got that one wrong! — FIU
Well I have to admit I got that one wrong! Whilst I always knew that further QE would come, I didn’t think it was justified today. The Fed Chairman must be taking an even more negative view on the US economy that even me. The justification for additional monetary easing was never there from a […]
Central Banks are seemingly the saviour of the world’s economy and financial markets — FIU
After Ben Bernanke’s speech at Jackson Hole where he highlighted the weakness of the US labour market in the Fed’s failing of its dual mandate, Friday’s very weak employment report has given rise to more speculation as to whether the FOMC on Thursday will announce a new large scale monetary easing. As I have argued […]