September 9, 2015
Plotting the Number of Banks: Is the Goal One "TBTF" Bank?
See the original article here: Plotting the Number of Banks: Is the Goal One "TBTF" Bank?
Hard hitting global and local news
Hard hitting global and local news
See the original article here: Plotting the Number of Banks: Is the Goal One "TBTF" Bank?
See the original post: G20 Hypocrites Want to "Double Down Against Competitive Currency Devaluation"
Establishment Survey +173K Jobs, Private Jobs +140,000; Unemployment Rate 5.1% Initial Reaction The establishment survey came in a weaker than expected 173,000 job. The Bloomberg Consensus estimate was 223,000 jobs. However, the preceding two months were revised up by 44,000 and wages were strong.
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.
View original post here: Third Quarter GDP Model Inches Up to 1.5% on Auto Strength
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.
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
