JPMorgan Chase & Co. says the money-market stress that sent short-term borrowing rates surging last month is likely to get much worse despite the Federal Reserve’s attempts to inject billions of dollars into the financial system.The Fed has offered overnight loans and started buying up...
Financial industry chiefs are worrying about how much help central banks can offer if governments don’t step up with more help by unleashing more fiscal support,...
As JPMorgan admits, the ECB’s net QE purchases alone would have been insufficient to offset the impact of the BoJ’s ongoing QE tapering due to its effort to steepen its domestic curve. That's why the Fed had to step in...
Investors should be aware that the dovish U-turn among the central banks may boost risky assets in the short-term, however...
There's plenty of positive action, bull candlesticks and trading volume to be noted in the charts today...
"...we have unabashed whiners experiencing mental breakdowns with each and every inevitable price breather that gold and silver must take..."
The Fed is due to meet between Oct 29 and 30, and there are expectations it will approve a third straight quarter point cut for the year.
It’s important to note that the last major dislocation between these valuation gauges occurred late in the prior cycle in 2007-08, with the divergence ultimately being resolved by falling stock prices. We would expect a similar outcome this time around.
Another sign of increasingly defensive posturing as market confidence deteriorates.
For the past few years, US treasuries, the US dollar and the oil price have all broadly traded in a range. In fact, the only bankable trend for investors has been the outperformance of US equities, without which global stock indexes would still be trading at 2006 levels. However, there are signs that US equity outperformance may be running out of steam.
Two gauges of U.S. economic health are telling different stories — and that’s troubling...
Over the summer, we broke out to the upside, which has now temporarily stalled...
Watch out! At this very moment, professional economists of all stripes are making plans on your behalf. They’re dreaming and scheming new and innovative ways to spend your money long before you’ve earned it.
We're all against "fake news," right? Until your content is deemed "fake news" in a "fake news" indictment without any evidence, trial or recourse.
David Bholat and Karla Martinez Gutierrez Around the world, central banks have a number of different ownership structures. At one end of the spectrum are central banks, like the Bank of England, th…
Clarida ended up throwing off bond investors on Friday who saw headlines suggesting the central bank had made a sudden tweak to how it would expand the U.S. central bank’s $3.6 trillion balance sheet.
Academics and historians who attempt to compare the epic Wall Street crash of 2007- 2010 to the next one that’s inevitably coming won’t be able to count on publicly available articles from Bloomberg News.
...but it's all downhill from here.
Why are banks still so desperate for liquidity even though the Fed has now made clear the Fed's balance sheet will expand to accommodate all reserve needs..,
Once the positive reinforcing factors that were created from securitization and lack of accountability dissipated, the process began to reverse itself creating systemic and converging losses impacting both the real and financial economy.