Hard hitting global and local news
0.035 Baby Steps Plotted Fed fund futures imply a very slow tightening of 3-6 basis points a month. The only exception is January to February of 2017 where the incremental rise is 8 basis points (0.080 percentage points). The Fed does not set policy every month.
View article: Cross-Border Deflation: US Export Prices Collapse Most Since July 2009; How Damaging is Price Deflation?
Reuters reports China Deflation Fears Grow as Producer Prices Sink Most in Six Years . China’s manufacturers slashed prices at the fastest rate in six years in August as commodity prices fell and demand cooled, signaling stubborn deflation risks in the economy and adding to expectations for further stimulus measures
Taken from: Tracking "Emailgate" and "Apologygate"; Clinton’s Half-Baked Apology; Lightning Strikes Twice
View article: German Reader on "Political Correctness"; Denmark Cancels All Trains From Germany; Juncker Pleads for Compulsory Refugee Quotas
Tweet Interesting article from a man married to an anti-vaxxer . It reminds me a little about studies showing that a prejudiced people need intense contact with the members of the group they’re biased against before eliminating their prejudice; casual contact can be counterproductive. In the case of the article, overcoming bias was a two-way street, with the author having to abandon his (lazy) belief that anti-vaxxers were just uninformed and stupid.
See the original article here: Plotting the Number of Banks: Is the Goal One "TBTF" Bank?
In yet another oil price crash side effect, Dollar Denominated Loans in Saudi Arabia Jump 600% . Dollar borrowing in Saudi Arabia has surged seven-fold this year as the kingdom’s companies switch out of increasingly expensive local currency-denominated loans. About 65 percent of all loans taken out in Saudi Arabia through Tuesday were in dollars, compared with 13 percent for all of 2014, according to data compiled by Bloomberg
Read this article: Thinking of Quitting Your Job? Wage Growth vs. Quit Rates
Tweet John Chait in New York Magazine, has a thumb sucker balancing between glory and despair about the upcoming Paris conference For human to wean ourselves off carbon-emitting fossil fuel, we will have to use some combination of edict and invention — there is no other plausible way around it. The task before the world is best envisioned not as a singular event but as two distinct but interrelated revolutions, one in political willpower and the other in technological innovation. It has taken a long time for each to materialize, in part because the absence of one has compounded the difficulty of the other.