Roger Dean Gillispie, a former General Motors security guard, spent 20 years in an Ohio prison for rape until a federal court ordered him released in 2011. Now he wants to sue GM for allegedly helping to frame him, and he’s getting support from an unlikely source: hedge funds. Gillispie, who is w…
Read the original post:
In GM bankruptcy, an ex-con and hedge funds find common ground
REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 5,911 dwelling sales in the month of September, down 12.0% on September 2013 but up 7.8% compared to August. The national median price was $420,000 for the month of September, an increase of $20,000…
Read more:
NZ September real estate market moves on from election
It has been a horrific couple of days for NZDJPY, with the pair being hit from both sides by kiwi weakness and yen strength. As my colleague Fawad Razaqzada pointed out at the end of last week the pair is looking very weak from a long-term technical perspective and it may be heading towards last…
Excerpt from:
NZDJPY: eyes on the RBNZ
USDJPY has opened up a little weaker this morning, below 107.50 for the first time in 3 weeks as markets around the world prepare for what could be an ugly week’s trade on stock markets. USDJPY looks like it is headed to 105 low maybe lower – for that to happen it would suggest that stocks really…
The rest is here:
Look out below – Yen opening stronger as stocks go into a funk
Late into Friday’s major market selloff, a completely unfounded rumor emerged out of nowhere, seeking to rekindle the BTFD spirits, that with central bank intervention from both the BOJ and ECB already priced in, and with the Fed still in taper mode (if not for much longer should the S&P dump…
Read the original here:
China Central Bank Crushes Hopes For A "Large-Scale Fiscal Or Monetary Stimulus"
Food prices fell 0.8 percent in September 2014, following a 0.3 percent rise in August and a 0.7 percent fall in July. Fruit and vegetable prices fell 6.5 percent, influenced by seasonally lower prices for vegetables (down 11 percent). Prices fell for lettuce, tomatoes, cucumber, and capsicums. T…
Here is the original:
New Zealand Food Price Index: September 2014
German Finance Minister Wolfgang Schaeuble put on a brave face at the end of IMF meetings in Washington this weekend, dismissing suggestions that Berlin had come under pressure to shift its economic course as “spin doctoring”. But the reality is that Germany hasn’t looked this isolated over its …
Original post:
Germany on defensive as criticism of economic course mounts
A stronger U.S. dollar is an obstacle to the Federal Reserve’s ability to meet its inflation mandate and will impede growth, Charles Evans, the president of the Chicago Fed, said on Saturday. “It’s a headwind,” Evans told reporters after giving a speech on the sidelines of the International Monet…
Read the rest here:
Fed’s Evans: Stronger dollar is a headwind
The underlying theme in the foreign exchange market is the divergence between the US and UK on one hand and the euro area and Japan on the other. That divergence, however, may not explain the developments in the other capital markets. The US S&P 500 and the Dow Jones Stoxx 600 in Europe recorded…
More here:
The Dollar and the Investment Climate
For Federal Reserve officials already worried about a persistent lack of U.S. wage and price growth, one corner of the bond market may be suggesting even more reason for alarm. The Treasury Inflation Protected Securities (TIPS) market is suggesting price stagnation may be just around the corner. …
Here is the original post:
U.S. TIPS market signals rising concerns about disinflation
EUR/USD managed to stage a nice recovery but didn’t go too far before losing some of the gains. Has it finally bottomed out? An important German survey and final CPI are accompanied by several speeches from Mario Draghi and other events. Here is an outlook on the highlights of this week and an…
Go here to see the original:
EUR/USD Forecast Oct. 13-17
It seems the market was waiting for an excuse to start selling off the U.S dollar after it had spiked in the recent weeks against the Euro, Yen and Aussie dollar. Last week, the minutes of the FOMC meting provided the excuse to start selling U.S dollar, after the FOMC members voiced their concerns…
Excerpt from:
Gold and Silver Outlook for October 13 -17
BELLINGHAM, Wash. (AP) — A refinery in northwest Washington state says it will no longer accept any volatile North Dakota crude oil unless it arrives on newer-model tank cars.
It is a great honor to deliver the Per Jacobsson Foundation Lecture, and I thank the organizers for inviting me.1 Per Jacobsson, a Swede, was the third Managing Director of the International Monetary Fund (IMF), serving from 1956 to 1963. During his tenure, the fund supported the return to…
View post:
Fischer: The Federal Reserve and the Global Economy
It is a great honor to deliver the Per Jacobsson Foundation Lecture, and I thank the organizers for inviting me.1 Per Jacobsson, a Swede, was the third Managing Director of the International Monetary Fund (IMF), serving from 1956 to 1963. During his tenure, the fund supported the return to…
More here:
Fischer: The Federal Reserve and the Global Economy
Draghi spoke on Saturday from the sidelines of the G20: • We expect the drag on growth from fiscal consolidation to considerably diminish in coming months • Sees stabilization in lending flows • Eurozone faces long period of low inflation • IMF and ECB have different deflation definitions • ECB…
Federal Reserve Governor Daniel Tarullo rejected the notion that regulators have completed their work to ensure that no financial firm is too essential to be allowed to collapse. “I don’t know that I personally at least would declare too-big-to-fail ended,” Tarullo said at a conference held by t…
More:
Tarullo Says Too Soon to Declare Too-Big-to-Fail Is Over
Last week was of two halves. The dollar correctly lower through midweek and then recovered. While the dollar’s losses were pared, it still managed to fall against nearly all the major currencies. However, it finished the week on a firm note, and although it appears poised to move higher in the…
Read the rest here:
Is the Dollar Correction Over, or Just the First Leg?
Positives: 1. Despite the recent bout of volatility, the S&P 500 is just under 5% off its all-time highs. 2. The national price of gasoline fell to $3.24, the lowest since December 2013. 3. Initial jobless claims came down to 287k while the 4 week average is at the lowest levels since ’06. 4. …
See the rest here:
Succinct Summations of Week’s Events 10.10.14
With no end in sight to macro data weakness, the pressure will remain on Eurozone policymakers to react. Near-term, however, the risks are tilted toward rising political tensions and market stress. The ECB has done its part for now, although it stands ready to do more if needed. Governments, on the…
Read more from the original source:
Europe Week Ahead: German ZEW, EZ CPI, -IP, UK CPI
