The risk of what Nobel laureate Paul Krugman calls “Japanification” — a semipermanent economic funk — has haunted China for at least a couple of years now. Last week a Bank of America Merrill Lynch report again asked, “Will China Repeat Japan’s Experience?” Let’s dispense with the suspense: Yes…
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Bad Loans Could Bust China
A friend mails from Edinburgh: “The referendum is all anybody talks about. My mate is getting married next week and says despite that, all his dreams are about independence.” An uncle born in Rangoon, but living in London for 50 years, comes to visit with one thing on his mind: “I can’t hear enough…
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A go-alone Scottish economy is viable – but would it be any better?
The Australian dollar dipped below the 90-cent handle this week for the first time since March, and some analysts say it could finally be on its way to 80 cents. …
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Is 80 cents finally in sight for the Aussie?
BREAKING
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Japanese earthquake reported to be of ‘intensity 4 on Japan scale of 7’ in Tokyo
While USD/JPY still remains in an uptrend overall that should see a move to 110-111 by year end, at this stage it has tested resistance levels at 107.44-71 where the trend across the recent highs converges with the trendline down from 1998, notes CitiFX Technicals. “We should also note that the…
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USD/JPY: Brief Pause; AUD/USD, NZD/USD: Decline Not Over – Citi
Foreign direct investment into China, a gauge of external confidence, slumped to a four-year low amid widening antitrust probes into multinational companies. Inbound investment was $7.2 billion in August, down 14 percent from a year earlier, the Ministry of Commerce said on its website today in B…
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China FDI Slides to Four-Year Low
China drew $78.3 billion in foreign direct investment (FDI) in the first eight months of 2014, down 1.8 percent from a year earlier, the Commerce Ministry said on Tuesday. In August alone, China attracted $7.2 billion in FDI, down 14 percent from a year earlier, the ministry said. China’s non-fina…
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China Jan-Aug inbound FDI down 1.8 pct yr/yr
The California Public Employees’ Retirement System plans to divest the entire $4 billion that it has with hedge funds, saying they’re too expensive and complex. The decision to eliminate 24 hedge funds and six hedge fund-of-funds, isn’t related to the performance of the program, said Ted Eliopoul…
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Calpers to Exit Hedge Funds, Divest $4 Billion Stake
It’s been three months since Janet Yellen dismissed some worrisome inflation data was “noisy.” And it looks like she might’ve been right to ignore it and keep monetary policy easy. But what’s next? On Tuesday, the Federal Reserve will kick off its latest two-day FOMC meeting, culminating in…
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Everything That’s Happened Since Last Time Fed Chair Yellen Gave Big Press Conference
Asian shares cautiously edged higher on Tuesday as investors awaited a U.S. Federal Reserve meeting beginning later in the session, as expectations of a more hawkish Fed stance on monetary policy underpinned the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was …
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Asian shares edge higher as investors await Fed
There are a bunch of ways to get high-speed information about markets. Most of them — like getting a Bloomberg terminal, for instance — will cost you an arm and a leg. …
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The 102 Finance People You Have To Follow On Twitter
I’d like to thank Bloomberg for the opportunity to talk to you today. I discussed this topic at this same venue 18 months ago. The outlook for non-mining business investment is an important element of our forecasts. It depends on a range of forces acting on the economy, including the stimulus…
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RBA Kent: Non-mining Business Investment – Where to from here?
Alibaba’s not going to say it has zero faith in the Nasdaq following its not so great handling of the Facebook IPO but it’s not not going to say it has zero faith in the Nasdaq following its not so great handling of the Facebook IPO. …two sources familiar with the situation said Alibaba execu…
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Alibaba Not Sure Nasdaq Has Learned The Lessons F*ck-Ups Past
Brent crude fell below $97 per barrel on Monday, its lowest level in more than two years, as weak Chinese economic data cut the prospect for demand at a time of abundant supply, while expectations that the Federal Reserve will provide new details this week about its plans to raise interest rates…
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Oil hits 2-year low; dollar rises ahead of Fed
Bank of America Merrill Lynch is still of the view that the USD is in the midst of a short term correction lower, but one that should be seen as an opportunity to add to longs. “Looking at EUR/USD, the pair can squeeze higher to 1.3057 before a resumption of the larger downtrend, but this bounce …
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Sell Bounces In EUR/USD & Get Ready To Buy AUD/NZD – BofA Merrill
Financial markets pay a lot of attention to the economic data that flow across their Bloomberg screens and Twitter feeds. Billions of dollars are won and lost every day on gambles that the data on indicators such as payrolls, gross domestic product and housing starts will hit (or miss) the consensus…
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If you trade on economic data, listen to Spencer Staples
The most recent polls have suggested ‘No’ and ‘Yes’ camps are just about neck and neck as the Scottish independence referendum approaches. Sterling has recently been sensitive to these polls and sentiment surveys, especially after the first significant win of the ‘Yes’ camp in a poll on Saturday,…
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Keep an eye on bookies’ odds rather than the polls
When a country’s economy grows too slowly, the standard short-term remedies are to increase government spending, cut taxes or reduce interest rates. When none of those options is available, governments often resort to pushing down their currencies to make their exports more attractive to foreigners …
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The Return of the Currency Wars
Like so many sexual harassment cases before this one starts out with: Wealth manager goes to his local bar, hits on bartender, tells her she should be working in corporate sales: “ Collins first met Lambui in the fall of 2012 at Katie Mc’s Bar in Huntington, NY, where she worked as a bartender, …
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Sex, Shoe Bonuses For Interns NBD At UBS
•European economic sentiment data set for release early Tuesday morning •The German ZEW figure is the one to keep an eye on •Consensus forecasts a release of 4.8 •1.2847 is the level to watch to the downside, and 1.3127 is the level to keep an eye to the upside Early on Tuesday morning, the Cent…
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European Markets Look To Germany for Insight
