Monthly Archives: August 2011

Congress back Sept. 5

Open in a few minutes and here I am, navel gazing … Congress is back from holiday next week (Sept. 5). It was the congressional debt ceiling ‘debate’ (i.e. reckless disregard for the US economy/people) that was the catalyst for … Continue reading

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Comments – reaction

Going to be useful to assess the market reaction to this: Chicago Federal Reserve President Charles Evans told CNBC television he is concerned about the economy and favors strong policy accommodation (reported about half an hour ago). http://www.reuters.com/article/2011/08/30/markets-bonds-idUSNYE00312020110830 Would expect … Continue reading

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Post big storm opening

London out on holiday Some absentees in NY Europe being a bit more positive this morning Slightly better figs out of the US So, low volumes, but, so far at least, ‘risk on’. Watch out for headline risk from Europe … Continue reading

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The news out of Jackson Hole

Probably the only ‘news’ out of Jackson Hole is that it appears there is a high likelihood of a significant Fed monetary policy action to be announced in the statement after the next FOMC meeting, which is now scheduled for … Continue reading

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OK, moving on …

Not long to wait now, speech clears embargo in about 40 mins. and then Friday really starts! Are you ready? Looking ahead. Check out this post on The Capital Spectator – money demand is sending worrisome signals. http://www.capitalspectator.com/archives/2011/08/a_troubling_ris.html

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2011 is not 2010, Jackson Hole version

Some are reporting a sense of deja vu, equating the period ahead of Jackson Hole in 2010 with now in 2011. Maybe its just me, but I see more differences than similarities. The equity markets fall into August 2010 was … Continue reading

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Buy the Jackson Hole rumour, sell the Jackson Hole fact … ?

Apparently there is a broad agreement that the US equity markets are up strongly in the past days because of the expectation that Bernanke is going to announce a big program at Jackson Hole. While the potential for this does, … Continue reading

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