Most people are just terrible at investing. We hear about this frequently. One big problem is that investors often find themselves buying at highs and selling at lows, especially when volatility picks up and patience is tested. “Amidst difficult financial times, emotional instincts often drive…
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REMINDER: You Are ‘Shockingly’ Terrible At Investing
Australia’s migration policy has shifted significantly in the past 20 years, leaving a system subject to widespread rorting and controversy. If there is a single lesson to be learnt from the revelations of rorting in the 457 visa system, it is that Australia’s migration programs need to be opened…
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Australia has outsourced migration policy to the private sector
Sterling fundamentals will take centre-stage on Wednesday with high volatility inevitable. The Bank of England inflation report will have a mixed tone and plenty of caveats, especially as Governor Carney will want to keep as much flexibility as possible. While not ruling out a 2014 rate increase, he…
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Preview: Sterling faces huge event risk
Yesterday’s “Inside Day” left the prevailing down-bias untouched in EUR/USD, says JP Morgan. “To really start weakening it, it would take breaks above 1.3474 and above 1.3503 (minor 38.2 %/pivot),” JPM argues. “That said and provided 1.3503 is not taken out, the focus remains on former low…
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EUR/USD: Inside Day; Cable: Watch For 2 Hourly Closes Above 1.6840 – JP Morgan
The August Inflation Report (IR) might be the showdown for the Bank of England (BoE) as it may be the last of a series of forecasts before policymakers begin to tighten monetary policy after more than five years of record low interest rates. The report itself should offer new forecasts on inflati…
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BoE to shed more light on labor market slack
Ukraine’s national currency fell Tuesday to a record low against the dollar, the central bank said, as fierce fighting in the east provoked “panic” among the population. The National Bank of Ukraine said that the average exchange rate it calculates based on interbank transactions had dropped to 1…
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Ukraine currency hits record low against dollar
Statistics Canada will re-release July’s employment report on Aug. 15 after saying it found an error in last week’s data. The Ottawa-based agency didn’t outline the cause of the “processing” error in a statement it sent by e-mail today. The original report, published Aug. 8, said Canada added 200…
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Statistics Canada Found Error in Last Week’s Labor Report
Since 2007, government debt as a percentage of gross domestic product (GDP) has climbed from 35 percent to a projected 74 percent this year. Such growth was significantly affected by large-scale fiscal measures taken in response to the 2007-2008 financial crisis and Great Recession and by subsequent…
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The Federal Budget: How the U.S. Got Here, and Where It Is Headed
India’s consumer-price inflation quickened more than economists estimated, adding pressure on central bank Governor Raghuram Rajan to keep interest rates elevated even after factory output slowed. The consumer-price index rose 7.96 percent in July from a year earlier, compared with a revised 7.46…
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India’s Inflation Tops Estimate in Test for Rajan Price Fight
The U.S. budget deficit was $95 billion at the end of July, down 3 percent from the same period last year, according to data released by the Treasury Department on Tuesday. Analysts polled by Reuters had expected a $96 billion deficit for last month. The deficit was $98 billion in July of 2013. …
An error has been detected in the processing of the August 8 Labour Force Survey release. This error impacts only the July 2014 estimates. The source of the error has been identified and corrected estimates will be released on Friday, August 15, 2014. Statistics Canada takes this matter very seri…
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Canada Labour Force Survey, July 2014
Is there something seriously wrong with the economy? It’s a scary prospect, and a concern that’s gotten louder and louder over the past year. In economic circles, it goes by the alliterative name of “secular stagnation.” And it’s a phrase that Fed watchers are likely to hear more and more in the …
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A controversial theory is starting to scare the Fed
1 Expect a German Drag… German GDP is expected to decline 0.1% from the previous quarter. This would mark the first time since 2009 that the euro-zone’s largest economy has lagged the bloc as a whole. By itself this isn’t a cause of big concern. Germany’s 3.3% annualized first quarter growth r…
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5 Things To Know Ahead of the Euro-Zone GDP Report
Neel Kashkari is not a household name for most Americans, probably not for most Californians either. But in his mercurial career, he has probably had more influence on our lives than we’re aware. Between 2006 and 2009, Kashkari was an aide and assistant U.S. Treasury secretary under Henry Paul…
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How a former Goldman banker became homeless
Now that even the Fed has admitted the BLS’ nonfarm payroll and unemployment rate are meaningless due to the “noise” from a record number of workers dropping out of the labor force, Janet Yellen is left with one fallback “favorite” indicator, the JOLTS survey (Job Openings and Labor Turnover). It is…
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Will A Hawkish Janet Yellen Be JOLTed By Most Job Openings Since 2001?
Japan’s economy likely shrank sharply in the second quarter, which would be bad news for Prime Minister Shinzo Abe’s growth policies, but it could raise market expectations of further stimulus. Data due at 8:50 a.m. Wednesday Japan time (1950 EDT on Tuesday) will show gross domestic product cont…
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Japan GDP set to fall sharply; may increase stimulus expectations
There were 4.7 million job openings on the last business day of June, little changed from 4.6 million in May, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.5 percent) was little changed and the separations rate (3.3 percent) was unchanged in June. Within separations, the …
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US Job Openings and Labor Turnover – June 2014
EUR/USD extends previous day’s decline as the ZEW Confidence Survey slips to 44.3 from 61.8 in July; marking the second-lowest reading for 2014. Remains at risk for a further decline as Euro-Zone 2Q Gross Domestic Product (GDP) report is expected to show a slowdown in growth. DailyFX Specu…
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EUR/USD Risks Further Losses as Growth Outlook Deteriorates
The UK economy is getting back to normal. Although still fragile, economic output has been rising at the fastest pace among the seven advanced economies and the labor market has been tightening sharply since last summer. However, what is still hampering more sustainable, long-term, growth is weak…
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UK labor market to tighten further as wage growth remains weak
Growth figures for the eurozone are out on Thursday and the signs are not good. Data already released show that industrial output was down in the single currency’s “big three” – Germany, France and Italy – during the second quarter as the recovery that began in the middle of 2013 petered out. …
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How sound is Germany’s economy? Ask its troubled neighbours
