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Fed Disappoints, but Global Investors Happy

September 19, 2013
The Fed clearly disappointed expectations with its decision not to slow its asset purchases, but the Financial Times may go a bit too far with its headline suggestion that the Fed blinked.   The Fed did no such thing.  It had never pre-committed to a September tapering.  And surveys suggested around a third did not in fact expect the Fed to taper …
Fed Disappoints, but Global Investors Happy Fed Disappoints, but Global Investors Happy Reviewed by Marc Chandler on September 19, 2013 Rating: 5
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Fee Fi Fo Fed

September 17, 2013
The global capital markets have been feeling the effect for several months and now the cause is at hand. The Federal Reserve is set to decide whether to continue at the same pace the purchases of long-term assets or slow those purchases.  
We have argued that if the Fed does taper, it is not because the economy is overheating.  Nominal growth durin…
Fee Fi Fo Fed Fee Fi Fo Fed Reviewed by Marc Chandler on September 17, 2013 Rating: 5
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Short Note in Early Europe

September 17, 2013
The capital markets may have over-reacted to news that whoever the next Chairman of the Federal Reserve may be, it most certainly will not be Summers, but have only corrected marginally.

The US dollar is trading well within yesterday's ranges as the market awaits UK inflation and the German ZEW survey. However, with the outcome of the FOMC mee…
Short Note in Early Europe Short Note in Early Europe Reviewed by Marc Chandler on September 17, 2013 Rating: 5
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Lib-Dems must Seize the Moment or Become Irrelevant (Again)

September 17, 2013
The weekend election in Germany is the hot political topic, but the junior member of the UK governing coalition holding its annual conference and it can influence the future of UK politics. 
With the economy enjoying an unexpectedly robust growth, one may be forgiven thinking it would bode well for the Liberal Democrats as for the Tories. But ala…
Lib-Dems must Seize the Moment or Become Irrelevant (Again) Lib-Dems must Seize the Moment or Become Irrelevant (Again) Reviewed by Marc Chandler on September 17, 2013 Rating: 5
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Great Graphic: Do Recoveries belong to the Rich?

September 16, 2013
There is a debate among economists about the merits of quantitative easing, by which it is meant the practice of increasing the size of the a central bank's balance sheet.

This is done to augment monetary easing, in a time when nominal interest rates are approaching or at the zero bound. Some economists criticize quantitative easing because …
Great Graphic: Do Recoveries belong to the Rich? Great Graphic: Do Recoveries belong to the Rich? Reviewed by Marc Chandler on September 16, 2013 Rating: 5
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