Authored by George Soros, originally posted Op-Ed at The FT, This is the worst possible time for Britain to consider leaving the EU – or for Scotland to break with Britain. The EU is an unfinished project of European states that have sacrificed part of their sovereignty to form an ever-closer …
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George Soros Warns "This Is The Worst Possible Time" For Scottish Independence
Market participants have their eyes squarely on next week’s U.S. Federal Reserve policy meeting, and expectations that the central bank could change the language it uses to signal the timing of rate hikes are growing. Most expect the Fed’s near-zero interest rates to begin rising around the middl…
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This indispensable flowchart of possible market reactions to the Fed
A government report — the Census Bureau’s Quarterly Services Survey (QSS) — that is becoming more and more consequential as a reliable indicator of the health of the U.S. economy was released Thursday morning. Here’s the full report. The report, which provides hard data on service spending and gi…
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A Super-Trendy Economic Report That People Never Used To Talk About Just Came Out
U.S. natural-gas inventories rose 92 billion cubic feet on the week ended Sept. 5, the Energy Information Administration said Thursday. That contrasted with expectations of an increase around 82 bcf and 85 bcf, according to polls by Thomson Reuters and Bloomberg News. The increase was likely to…
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Natural-gas supplies increase more than expected
BREAKING
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BOJ Gov Kuroda: For now, I don’t think there is any need for additional policy steps
Details from his tv appearance Currency level moves due to various factors Desirable that currency reflects economic fundamentals Doesn’t see current yen weakness as a minus for economy Yen level is reflecting fundamentals That’s rocked USD/JPY back above 107.00 Q2 ec…
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BOJ’s Kuroda is paying attention to differing monetary policies
Every year, BGC Partners and Cantor Fitzgerald commemorate the loss of over 700 employees in the terrorist attacks on the World Trade Center in New York on September 11, 2001 by distributing 100% their global revenues on Charity Day to the Cantor Fitzgerald Relief Fund and dozens of charities around…
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Top celebrities hit BGC’s trading floor in support of Charity Day
British banks need to prepare for the risk of financial market turmoil when central banks end unconventional monetary policy such as asset purchases, the Bank of England said on Thursday. Don Kohn, a former vice-chairman of the U.S. Federal Reserve who now serves on the BoE’s main risk watchdog, …
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Bank of England’s Kohn urges banks to focus on risks from end to QE
As the Wall Street Journal reported Friday, a growing number of Federal Reserve officials want to move further away from the forward guidance on interest rates that has been a staple of their post-crisis monetary policy. With interest rates pinned at zero and unable to move lower to stimulate a limp…
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Can The Fed Drop “Considerable Time” Without Spooking Markets?
The number of Americans filing for unemployment benefits unexpectedly rose last week to a two-month high, interrupting a steady decrease to the lowest level since before the last recession. Jobless claims climbed by 11,000 to 315,000 in the week ended Sept. 6, which included the Labor Day holida…
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More Americans Than Forecast File for Unemployment Benefits
The New Housing Price Index (NHPI) was unchanged in July, following a 0.2% increase in June. Monthly price increases in eight metropolitan areas offset decreases in seven areas, resulting in no change to the Canada level index. St. Catharines–Niagara and London (both up 0.3%) recorded the largest…
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Canada New Housing Price Index, July2014
In the week ending September 6, the ad vance figure for seasonally adjusted initial claims was 315,000, an increase of 11,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 302,000 to 304,000. The 4 – week moving average was 304,000, an increase…
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US Unemployment Insurance Weekly Claim
In late August, Gordon Brown and Alistair Darling shared the stage as part of the push to keep Scotland in the United Kingdom. The two Scotsmen, Britain’s prime minister and finance minister between 2007 and 2010, often fought each other in office. Darling once described his old boss as “brutal …
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Scots warm to the power of Yes
Should European Central Bank President Mario Draghi spend more time checking out social media to help him gauge the state of the economy? Two scholars from the Dutch national statistics agency CBS, Piet J.H. Daas and Marco J.H. Puts, argue in a recent paper that following social media might be a …
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Should Mario Draghi Spend More Time on Twitter?
BREAKING
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Eu sanctions on russia to enter into force tomorrow: Officials
Gold continues to be bearish this week. It has been extending a decline from about 1340 in July, which ended up breaking below the 2014-triangle support in September. As we progress through the month, we saw a test of the triangle support as resistance and the market confirmed the bearish breakout….
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Gold Leaning Towards 1240; Silver Approaching the 2014-Low
Scotland’s two biggest banks have said they would relocate to England if Scots vote for independence next week, adding to the economic uncertainties the country faces if it decides to end its 307-year union with the rest of the UK. The diminished presence of Royal Bank of Scotland (RBS) (RBS.L) a…
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RBS, Lloyds to move south if Scots vote for independence
Hundreds of thousands of Catalans will take to the streets on Thursday, the National Day of Catalonia, to demand the right to hold a referendum on their future, with some hoping that the sudden surge in support for Scottish independence might boost their cause. The demonstration will take the for…
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Catalans to demonstrate and demand right to hold referendum
London house prices rose at the slowest pace in more than three years last month, leading a cooling across the country. The Royal Institution of Chartered Surveyors said its monthly index for the capital dropped to 9 in August from 11 in July. A U.K. gauge slid to 40 from 48, the lowest in a yea…
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London Housing Cools After Price Boom That Stretched Buyers
The U.S. Federal Reserve is facing perhaps its most pivotal meeting of the year next week, as it debates a potential overhaul of its guidance on interest rates and seeks to nail down a plan for exiting its extraordinarily easy monetary policy. It remains to be seen whether decisions will be take…
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Fed’s rate guidance on chopping block, new exit plan nears
