Hard hitting global and local news
Read More: Retail Sales Rise Thanks to Autos; Industrial Production Sinks Thanks to Autos; Last Hurrah for Autos?
Ben Bernanke vs. John Hussman; Beauty of Truth vs.
View article: Raging California Wildfires Force Evacuations; Governor Brown Declares State of Emergency
Please consider Don’t Fret About the Data, China’s GDP Forecast to be Good News . “ The focus for the month of September will be strengthening economic propaganda and . . . promoting the discourse on China’s bright economic future and the superiority of China’s system ,†the party’s propaganda department said in a directive to national media outlets
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.
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
See original article: Majority in UK Now Favor Leaving EU; Businesses Told to Shut Up Over "Brexit Poll"
See the original post: G20 Hypocrites Want to "Double Down Against Competitive Currency Devaluation"
The ECB’s stubborn mule, a Downbeat Draghi, is Ready to Beef Up Quantitative Easing Package . The euro and eurozone government bond yields plunged on Thursday after the ECB president indicated it stood ready to extend the “size, composition and duration†of its €1.1tn bond-buying programme.“We are observing a weakening of the prospects of the Chinese economy,†Mr Draghi said.