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Cool Video: Bloomberg TV Interview--Italian Banks and FOMC

January 27, 2016
I was a guest on "What'd You Miss" on Bloomberg TV this afternoon, shortly after the markets closed.  Alix Steel, Joe Weisenthal, and Scarlet Fu, and I discussed two main issues.    Click here to see the seven minute clip.  
The first was the EU's approval, finally, of the establishment of a "bad bank" in Italy.  It will…
Cool Video: Bloomberg TV Interview--Italian Banks and FOMC Cool Video: Bloomberg TV Interview--Italian Banks and FOMC Reviewed by Marc Chandler on January 27, 2016 Rating: 5
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Fed Says Little and Does Less

January 27, 2016
The Federal Reserve tweaked its economic assessment, but generally kept the underlying message the same.  It sees slack in the labor market continuing to be absorbed and believes the economic conditions warrant a gradual increase in rates.  The market was looking for a more dovish statement, but the message is little changed from December.  
The Fe…
Fed Says Little and Does Less Fed Says Little and Does Less Reviewed by Marc Chandler on January 27, 2016 Rating: 5
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Central Bank Credibility: What Does it Mean?

January 27, 2016
For at least a couple of years before the Great Financial Crisis, policymakers often cautioned that investors were mispricing risk.  Through the crisis, investors became painfully aware of many risks, including counterparty risk and reputation risk.  Now many observers are highlighting a new risk, what they call the credibility of central banks.  
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Central Bank Credibility: What Does it Mean? Central Bank Credibility: What Does it Mean? Reviewed by Marc Chandler on January 27, 2016 Rating: 5
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Great Graphic: Possible Head and Shoulders Bottom in Aussie

January 27, 2016
This Great Graphic, composed on Bloomberg shows a potential head and shoulders bottom pattern in the Australian dollar.   The left shoulder was set in the first part of the month near $0.6930.  The head was carved out in four sessions around the middle of the month a cent lower.  The right shoulder was created over the past two days, with yesterda…
Great Graphic: Possible Head and Shoulders Bottom in Aussie Great Graphic: Possible Head and Shoulders Bottom in Aussie Reviewed by Marc Chandler on January 27, 2016 Rating: 5
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Mixed Dollar as Eyes Turn to FOMC

January 27, 2016
The US dollar is broadly mixed as attention turns to the FOMC statement later today.   The most important development has been the unexpectedly large oil inventory build reported by the API ahead of today's government estimate.  
The 11.4 mln barrel build is the largest in nearly two decades.  To put the rise in perspective, consider that the U…
Mixed Dollar as Eyes Turn to FOMC Mixed Dollar as Eyes Turn to FOMC Reviewed by Marc Chandler on January 27, 2016 Rating: 5
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Great Graphic: World Equities and Oil

January 26, 2016
Equities and oil continue to be moving in the same direction. During the first few weeks, they were moving down together and now up together.   It is frustrating for asset managers.   Large cap and small cap stocks moving together as if everything is being tarred with the same brush. 
We continue to try to tease out the relationship between equitie…
Great Graphic: World Equities and Oil Great Graphic: World Equities and Oil Reviewed by Marc Chandler on January 26, 2016 Rating: 5
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Getting a Handle on Italy's Banks

January 26, 2016
Reports indicating that Italy is close to establishing a bad bank prompted one wag to ask if  Italy does not already have enough.  The country may be better served by setting up a good bank. 
The sharp sell-of in shares of Italian banks this year is an important driver of G7-leading 12.4% slide in the local bourse this year.  
The Renzi government …
Getting a Handle on Italy's Banks Getting a Handle on Italy's Banks Reviewed by Marc Chandler on January 26, 2016 Rating: 5
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