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It's Not The Economy Stupid: It's The Fed | Zero Hedge

by Sun, 08/16/2015 - 11:12 0 SHARES Submitted by Mark St.Cyr, Back in the early 90’s during that era’s presidential campaign James Carville coined the narrative “It’s the economy stupid!” as to have his operatives rally around and focus their attention in a singular direction. Not only was it a…

Aug 16, 2015

Lafazanis announces creation of anti-bailout movement | Kathimerini

ekathimerini.com

Former Energy Minister Panayiotis Lafazanis, who leads SYRIZA’s Left Platform, has announced that he will help create a new, anti-bailout movement. In a written statement signed by Lafazanis and 11 other SYRIZA colleagues, the rebels called for the founding of a “united movement that will justify…

Aug 16, 2015

The Fed Is on Thinner Ice Than It Realizes, and It May Be Setting Us Up for Recession

bloomberg.com

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Aug 16, 2015

Kiinan valuuttakurssiuudistuksella monta tavoitetta – Euro ja talous

eurojatalous.fi

Kiinan keskuspankki ilmoitti tiistaina 11.8., että sen asettama viitearvo juanin kurssille dollaria vastaan devalvoidaan 1,9 prosenttia. Tämä oli juanin suurin päivämuutos kymmeneen vuoteen. Kiinan valuuttamarkkinoilla keskuspankki ilmoittaa aamulla viitearvon, ja kauppaa voidaan käydään putkessa,…

Aug 16, 2015

European Commission - PRESS RELEASES - Press release - Five Presidents' Report sets out plan for strengthening Europe's Economic and Monetary Union as of 1 July 2015

europa.eu

Today, the five Presidents – European Commission President Jean-Claude Juncker , together with the President of the Euro Summit, Donald Tusk , the President of the Eurogroup, Jeroen Dijsselbloem , the President of the European Central Bank, Mario Draghi , and the President of the European…

Aug 14, 2015

Finland's Stubb says more work remains with Greek bailout deal | Kathimerini

ekathimerini.com

More work remains to be done with the deal for Greece's third bailout, Finland's finance minister said on Tuesday. "We must take one step at a time, agreement is a big word," Finance Minister Alexander Stubb told reporters, when asked about the deal between Greece and its international lenders.…

Aug 13, 2015

Ivory Tower: The ECB does not learn from its past mistakes

escoriallaan.blogspot.com

In 2011 at the height of the sovereign debt crisis wheninvestors panicked, the ECB announced its “Securities Markets Program” (SMP). This aimed at stabilizing thegovernment bond markets. Unfortunately the SMP program was structured in theworst possible way, i.e. the ECB announced it was ready to buy…

Aug 13, 2015

China, Germany, Productivity, NFIB Index, Redbook, Wholesale Trade - The Center of the Universe

moslereconomics.com

A few thoughts: China’s US Tsy holding had been falling perhaps because they were selling $ to buy Yuan to keep it within in the prior band. Pretty much all exporting nation’s currencies have already weakened vs the $, including the Yen and Euro, so this is a bit of a ‘catch up.’ In a weakening…

Aug 13, 2015

John Kerry Warns "Dollar Will Cease To Be Reserve Currency Of The World" If Iran Deal Rejected | Zero Hedge

zerohedge.com

John Kerry Warns "Dollar Will Cease To Be Reserve Currency Of The World" If Iran Deal Rejected by Tue, 08/11/2015 - 21:35 0 SHARES Scaremongery... or maybe the whole point, as Obama's former chief economist noted , is to lose reserve status. Take That China!! As Jared Bernstein previously…

Aug 13, 2015

The Fed Is Out Of Options, "QE Is All It Can Do Here" Art Cashin Predicts | Zero Hedge

zerohedge.com

The Fed Is Out Of Options, "QE Is All It Can Do Here" Art Cashin Predicts by Tue, 08/11/2015 - 23:43 0 SHARES Weakness in commodities "is not transitory," Art Cashin tells CNBC, if you look at things like copper, "this is really a deflationary push... where things can get a little out of control."…

Aug 13, 2015

Independent: Dismantling Greece and fed it to profit-hungry corporations

keeptalkinggreece.com

The Eurozone’s masks have fallen. Hardly anyone has anymore the illusion that the 3. bailout aims to facilitate Greece to pay back its debts and that it therefore needs more austerity or “reforms” as they are euphemistically been called. On one hand the 3. bailout brings additional cuts in health…

Aug 13, 2015

Greece and lenders reach deal on third bailout, only small details left | Kathimerini

ekathimerini.com

Greece and its lenders have reached an agreement on the terms of a third bailout, government sources said early on Monday. The deal appears to have been concluded shortly after 8 a.m. following a marathon last session of talks that began on Monday morning. Emerging from the Hilton hotel, where the…

Aug 11, 2015

Greece hopes to conclude bailout talks by Tuesday | Kathimerini

ekathimerini.com

Greece hopes to conclude negotiations with international creditors by early Tuesday at the latest, a Greek official said as talks continued in Athens on a new multi-billion euro bailout. Greece's finance and economy ministers were locked in negotiations with representatives of creditors on Sunday.…

Aug 10, 2015

Syriza MPs challenge Tsipras with Anti-Bail-Out-Programme: "We want Syriza to return to its principles" - In English - Welt - Tagesspiegel

tagesspiegel.de

Mr Lapavitsas, in the previous vote in the Greek parliament, you and 31 other Syriza MPs said „No“ to the agreement with the lenders. Has this front within the party become weaker or stronger since then? We have become stronger, I think. A good proportion of Syriza MPs is determined at all costs not…

Aug 10, 2015

German Banker: Obama Is Destroying Europe

washingtonsblog.com

Business Lifestyle Marketing Technology Featured Discount Coupons Business Lifestyle Marketing Technology Featured Discount Coupons Business Lifestyle Marketing Technology Featured Discount Coupons Business Lifestyle Marketing Technology Featured Discount Coupons Washington’s Blog strives to provide…

Aug 10, 2015

With Labour fixated by Corbyn, the Tories have taken advantage of a feeble opposition. Here’s how they did it...

theguardian.com

Around Westminster, the joke goes that the only pre-election pledge the Conservative government has kept this summer was George Osborne’s promise to give Tory election supremo Lynton Crosby a kiss for delivering an unexpected majority. A bet is, after all, a bet. And a general election pledge is,…

Aug 9, 2015

Raising rates is trickier now that QE is a lifestyle choice

telegraph.co.uk

Back in mid-July, there was much febrile speculation UK interest rates would finally start rising before the end of this year. Amid signs of stronger US growth, and predictions the Federal Reserve would raise borrowing costs over the next few months, it was widely assumed the Bank of England would…

Aug 9, 2015

Peter Schiff: What Kind Of "Improvement" Does The Fed Want? | Zero Hedge

zerohedge.com

Peter Schiff: What Kind Of "Improvement" Does The Fed Want? by Sat, 08/08/2015 - 12:30 0 SHARES Over the past few years observing changes in Federal Reserve interest rate policy has been a little like watching paint dry or grass grow...only not as exciting. That's because the Fed has not changed its…

Aug 9, 2015

China Just Revamped its Stimulus Playbook in a Bid to Boost Growth

bloomberg.com

A boom in the financial sector—spurred by a parabolic rise in share turnover—helped China's economy grow by 7 percent in the first half of 2015, according to official figures. But the financial sector's unsustainable contribution to growth means that Chinese policymakers need an additional segment…

Aug 6, 2015

The Next Financial Collapse Will Come From Junk Bonds

jimrickards.blogspot.com

‘The next financial collapse, already on our radar screen, will not come from hedge funds or home mortgages. It will come from junk bonds, especially energy-related and emerging-market corporate debt. ‘The Financial Times recently estimated that the total amount of energy-related corporate debt…

Aug 6, 2015