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Continue reading here: Interest Rates and Bond Yields: Where are They Headed? September Hike Ideal? Is the Bond Bull Market…
Read the original: Beige Book Highlights: Will They or Won’t They? Still Undecided?
View original post here: Canada in Recession with Two Consecutive Quarters of Negative Growth
China manufacturing and services are both in contraction at the fastest rate since early 2009. The Caixin China General Manufacturing PMI shows operating conditions deteriorate at fastest rate since March 2009.
View post: Greece Loses 17,000 Jobs in July, Most Since 2001
This Bloomberg headline " If the Options Market Is Right, China’s Stock Rescue Is Doomed " reads like something one would find in a tabloid, but the reverse is now true. Options traders have never been so pessimistic on China’s stock market, betting the government’s renewed effort to prop up share prices is doomed to fail. The cost of bearish contracts on the China 50 exchange-traded fund surged to the highest level versus bullish ones since they started trading in Shanghai six months ago
MarketWatch details Where every Fed member stands on raising interest rates . Chairwoman Janet Yellen : Not at Jackson Hole.
Read More: Steve Keen on Economic Forecasts, Ponzi Schemes, GDP, China; One Way Streets and Poison
Disputes over GDP go on and on and on. MarketWatch reports By another measure, the U.S.
Hall of Mirrors: Jim Grant on the "Paper Moon", No Price Discovery Economy; Psychology of Bubbles Reason TV had an excellent interview with Jim Grant, editor of Grant’s Interest Rate Observer on the recent stock market turmoil. Grant says The Fed Turned the Stock Market Into a ‘Hall of Mirrors’ .“Confoundingly to me, people have come to be quite accepting of the value attached by fiat to these pieces of paper we call currency,†says Jim Grant, who’s the editor of Grant’s Interest Rate Observer and the author of The Forgotten Depression: The Crash That Cured Itself.“Are prices meant to be imposed from on high, or discovered by individuals acting spontaneously in markets?