Someone has taken over the email account belonging to bitcoin’s secretive creator, Satoshi Nakamoto, saying he will sell Nakamoto’s secrets for money. The hacker, who told WIRED his name is “Jeffrey,” claims to have also obtained information on Nakamoto that could be used to unmask his identity. …
Here is the original:
Someone’s Threatening to Expose Bitcoin Founder Satoshi Nakamoto
The Australian Bureau of Statistics (ABS) released housing finance data for July 2014 earlier today. The headline result was the 0.3% rise in owner occupier housing finance commitments over the month. In my opinion, a more significant result was the 6.8% monthly rise in investment lending. …
View original post here:
Investor demand for housing reaches an historic high
The taxes-versus-spending battle remains America’s central fiscal, economic, and political debate. Even when apparently overshadowed by other issues, this conflict’s ramifications maintain its primacy. It is paramount because it not only pits opposing policies and philosophies, but its outcome…
View original post here:
How Long Can the Economy Absorb Excessive Government Spending?
Bank of England Governor Mark Carney has trashed the claim that Scotland will be able to keep the pound if the country votes for independence. In a blow to Scotland’s First Minister Alex Salmond’s argument that Scotland would be able to remain as part of a currency union after independence, Carne…
The rest is here:
Alex Salmond’s Currency Plan Is In Tatters After Carney Dismisses It
Bank of America Merrill Lynch has been and remains USD bulls. “Looking at the USD index, while we could see a pause against the Jul’12/Jul’13 highs at 84.10/84.75, any pause or consolidation must be seen as temporary and corrective,” BofA argues. “Indeed, big picture, the USD Index should …
Read the original:
EUR/USD: Decline Not Over; AUD/USD: Stay Away – BofA Merrill
Bank of England (BoE) Governor Mark Carney, board newcomer Nemat Shafik, policy dissenter Martin Weale, and Professor David Miles will appear on Wednesday in Portcullis House in London to answer questions from parliamentarians on the Treasury Select Committee (TSC). A piquant moment is possibly on…
See the original post here:
UK parliamentarians to grill Carney over policy conundrum
When I entered the Fed-watching business over three decades ago, a clichéd phrase of advice from graybeards was: “Watch what they do, not what they say.” Thinking back, there was not actually much Fed rhetoric to either watch or hear. Paul Volcker was new in the job of Fed Chairman, Ronald Reagan…
Read the original:
Escape Fandango
BREAKING
Excerpt from:
The ultimate rebuke of the Apple Watch: The dollar is tanking against the Swiss Franc
Everything is connected to everything else, as Lenin was fond of remarking. If Scotland votes for independence on September 18, a horrendous possibility which now looks more likely by the day, it would trigger a series of highly unpredictable events with immense knock-on effects on economies,…
Here is the original:
Investors, be warned: Scottish independence would be highly contagious
Earlier this year, the German Constitutional Court issued a strongly-worded opinion stating that the European Central Bank’s Outright Monetary Transactions (OMT) programme is inconsistent with the Treaty on the Functioning of the European Union (TFEU). The European Court of Justice (the ECJ) is to…
See the rest here:
The OMT’s fragile foundations
Former Federal Reserve Chairman Alan Greenspan said the U.S. economic rebound has been hindered by a slump in the construction industry. “What we see is that construction is dead in the water,” Greenspan said today at an insurance conference hosted by KPMG in New York. That contrasts with other r…
Read the rest here:
Greenspan Says Construction Dead in the Water
Mathew Martoma, a former employee of hedge fund billionaire Steve Cohen, has been sentenced to 9 years in federal prison for insider trading. …
Here is the original post:
Former SAC manager gets 9 years in prison
BREAKING
Read the original:
US President Obama said to seek extra billions to fight ISIL
Bank of England governor Mark Carney has hinted interest rates could rise in the spring of next year as the UK economy continues to recover from one of the worst downturns it has ever faced. …
Read the original here:
Carney hints at spring 2015 rate rise
“There Were No Convictions of Bankers for Good Reason” is the headline of a post by Mark F. Pomerantz, a lawyer and retired partner at Paul, Weiss, Rifkind, Wharton & Garrison in the New York Times’s Room for Debate discussion: The reason that senior bankers did not face charges, even though inve…
View post:
The Reasons Bankers Weren’t Busted
Much like an elementary student returning to school, European currencies wish they could turn the calendar back to the halcyon days of a few months ago. Earlier this summer, the uptrends in euro and sterling seemed unstoppable, with EURUSD reaching as high as 1.40 and GBPUSD setting a 5-year high…
Read the rest here:
Traders Weigh Scottish Independence Concerns against ECB Easing
Spanish bond yields spiked on Tuesday on investor worries that a strong showing for secessionists in Scotland’s independence vote could strengthen other separatist bids in Europe such as that in Spain’s wealthy Catalonia region. Pro-independence voters in Scotland are neck-and-neck with those who…
See the original post:
Spanish yields jump on fears Scotland vote may inspire Catalonia
There were 4.7 million job openings on the last business day of July, little changed from June, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.5 percent) and the separations rate (3.3 percent) were unchanged in July. Within separations, the quits rate (1.8 percent) and the…
View original post here:
Job Openings and Labor Turnover– July 2014
Chairman Johnson, Ranking Member Crapo, and other members of the committee, thank you for the opportunity to testify on the Federal Reserve’s activities in mitigating systemic risk and implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). In testifying before…
Here is the original:
Tarullo: Dodd-Frank Implementation
Emerging-market currencies weakened, led by the Turkish lira, and developing-nation stocks fell for a fourth day amid concern U.S. interest rates may rise faster than investors anticipated. The lira and South African rand both depreciated 1.1 percent versus the dollar, while South Korea’s won dec…
Here is the original post:
Emerging Currencies Fall With Stocks Amid Fed Rate-Increase Bets
