Daily Digest

Image by eurtophication&hypoxia, Flickr Creative Commons

Daily Digest 9/29 - Reefs On Demand, An Anarchist’s Guide to the Future

Tuesday, September 29, 2015, 10:12 AM

Economy

Taliban overrun Afghan city of Kunduz (jdargis)

Kunduz would be the first provincial capital taken by the Taliban since they lost power in 2001's US-led invasion.
The attack came a day before the first anniversary of President Ashraf Ghani's unity government.

Why the US should give Putin a free rein in Syria (jdargis)

So in what category is Moscow’s current venture in Syria, as described today in an address to the United Nations in New York by president Vladimir Putin? Does his powerful show of combat aircraft, choppers, outfittings for some 2,000 soldiers, and plans for a regional defense coalition fall onto the historical short list of on-the-boots combat far from home? Or is it an example of Moscow’s usual gingerliness about distant foreign expeditions?

Tick Tick Tick (richcabot)

This bit on Ukraine was only a little more appalling than Charlie’s earlier segment on Syria. Was Putin trying to rescue the Assad government? Charlie asked, in the context of President Obama’s statement years ago that “Assad has to go.”

Where Are We Headed? – An Anarchist’s Guide to the Future (Steve R.)

So we should all be asking ourselves: what will the future bring? Where are we headed? For anarchists, this question is intimately related to the question of the state. We know that there is a direct correlation between the prosperity of a people and the amount of state intervention in the economy. The greater the intervention, the less prosperity. And vice versa. So, any anarchist attempting to predict the future, must first forecast what the state will look like in the future. Will state employees allow more individual liberty, or less? Any accurate prediction of the future will depend on an accurate answer to that question.

7 Bullish Gold Indicators (Taki T.)

During the downtrend, however, the opposite has taken place: each subsequent extreme position in commercial short positions has lead to marginally lower lows. This trend points to changing market dynamics.

UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal (richcabot)

Don't hold your breath though: "A WEKO spokesman said the investigation would likely conclude in either 2016 or 2017, adding that the banks were suspected of violating Swiss corporate rules." Those, and virtually all other market rules.

The good news is that unlike Bart Chilton's charade "inquiry" into silver manipulation when after years of "probing" the CFTC found "nothing", at least the Swiss will find proof of rigging for the simple reason that it is there.

The Difference Between Gold and Debt (GE Christenson)

Fort Knox contained 147 million ounces of gold as of the last count … many decades ago. Since the last audit was performed 60 some years ago, there is risk that the Fort Knox Bullion Depository is actually the Fort Knox Delusion. Apparently “trust but verify” is no longer viable, so act accordingly. Confidence in the global monetary system will be shaken if the real contents of Fort Knox are confirmed and are not as claimed, so don’t expect an actual audit to occur.

It’s Time to Get Your Gold Out of the U.S. (Tiffany B.)

Note the specific definition of “currency” here. These rules only apply to gold coins that can be used as currency. Taking collectible (numismatic) coins out of the U.S. requires that you submit Electronic Export Information (EEI) to the Census Bureau, ostensibly to help compile U.S. export and trade statistics. This form is actually required for any exported commodity, including gold, with a value exceeding $2,500. There are similar rules regarding jewelry.

The Real Estate Crisis in North Dakota's Man Camps (DennisC)

“We are overbuilt,” said Dan Kalil, a commissioner in Williams County in the heart of the Bakken, a 360-million-year-old shale bed, during a break from cutting flax on his farm. “I am concerned about having hundreds of $200-a-month apartments in the future.”

As governor, Bush sided with campaign contributor on delaying Everglades pollution cleanup (Michael W.)

During Bush's eight years as governor, he left a distinctive mark on several environmental programs. He launched the state's first comprehensive effort to save its declining springs, an initiative later shut down by Gov. Rick Scott. He oversaw the acquisition of thousands of acres of environmentally sensitive land, a program later drained of money by the Legislature.

Liquid Quarries And Reefs On Demand (jdargis)

As UCSD scientists explain, the micromotors would "rapidly zoom around in water, remove carbon dioxide and convert it into a usable solid form." A cloud of these machines could thus essentially precipitate the basic ingredients of future rocks from open water.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/28/15

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

13 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4061
Emerging market firms' $18 trillion debt needs careful watching

Emerging market firms' $18 trillion debt needs careful watching - IMF

Reuters - ‎1 hour ago‎
LONDON, Sept 29 The International Monetary Fund warned on Tuesday that emerging market firms, which together have amassed a record $18 trillion of debt, need careful monitoring as the era of record low global interest rates comes to an end. In its ...

Santelli: Obama Should Talk About The Debt We're Leaving For ...

RealClearPolitics-22 hours ago
Back to the equity relationship with debt. We know that since the credit crisis, there's about $56 trillion more global debt. I think that somebody should go to the ...

Puerto Rico Debt Crisis Eludes Federal Fix, Top Republican Says

Bloomberg-17 minutes ago
Garcia Padilla is moving the island toward what would be the biggest restructuring ever in the $3.6 trillion municipal-bond market. Without access to the capital ...

Glencore Fear Trade Grips Debt Market Amid Commodity Pain

Bloomberg-13 hours ago
Fears the commodities house won't be able to get a grip on its $30 billion debt load triggered a global selloff Monday, sending junk-bond yields over 8 percent ...

'Lehman Brothers moment' for British mineral giant sparks Australian ...

ABC Online-10 hours ago
Fund managers say the miner has too much debt and if commodity prices ... given Glencore's huge debt load of about $30 billion, the sums just don't add up.

Debt-Market Tumult Hits Corporate-Bond Sales

Wall Street Journal-16 hours ago
... had been expected at $1 billion or more, a person familiar with the deal said. ... able to sell $1 billion in five-year debt at higher yields than initially expected.

Brazil's Record Overseas Borrowing Comes Back to Bite Companies

Bloomberg - ‎13 hours ago‎
Brazilian companies including state oil producer Petrobras are at risk from a weakening real after they issued a record amount of debt in foreign currency. The mismatch prompted President Dilma Rousseff to say over the weekend that she's “extremely ...

Alcoa Debt Plunges as Bond Investors Question Future After Split

Bloomberg-18 hours ago
The company's $1.25 billion of 5.4 percent notes maturing in April 2021 tumbled 10.5 cents to 94.5 cents on the dollar to yield 6.6 percent at 12:29 p.m. in New ...

RPT-Emerging markets rout stirs unease about capital curbs

Reuters-7 hours ago
As 2015 outflows from emerging stock and bond funds near $100 billion and ... Foreigners faced no trouble repatriating cash from Nigeria, one former debt ...

York County could run out of money by mid-October without state ...

York Dispatch-10 hours ago
... difficult financial decisions while staring down potentially millions of dollars in debt. ... Tom Wolf vetoed the entire GOP-drafted $30.2 billion at the end of June.
 

Houston cutting road repairs in '16, pensions to blame

Watchdog.org-6 hours ago
Officially, Houston has $5.3 billion in unpaid bills and accumulated liabilities for retiree health care. Add in ... They're going to be worried about paying this debt.”.

debt could lead city on path to financial ruin (Houston)

KHOU-11 hours ago
City employees have been promised pensions, and the unfunded debt has become jaw-dropping -- estimated at $3.2 billion. That amounts to more than $1,400 ...

COLUMN-Trouble looms for developing countries as commodity ...

Reuters UK-2 hours ago
OPEC export revenues had already fallen to $965 billion in 2014 and are set to fall ... characterised by debt defaults as well as political and economic instability.
 

Bumi Resources Seeks Debt Relief as $4 Billion Burden Gets Heavy

Bloomberg-11 hours ago
A new restructuring plan from PT Bumi Resources failed to stop Asia's most-indebted coal miner's bonds sinking to a record low Tuesday. The proposal seeks to ...

CPS Announces Special Education Cuts, But Won't Answer Any ... (Chicago)

DNAinfo-15 hours ago
District officials — facing what they say is a $1 billion deficit — now funds schools based on the number of students enrolled. That program expanded to special ...
 

China caps overseas cash withdrawals amid capital flight fears

Channel News Asia - ‎5 hours ago‎
BEIJING: China will set an annual cap on cash withdrawals overseas using domestic bank cards, state media said Tuesday (Sep 29), as fears over capital outflows in the world's second largest economy grow. China UnionPay - which provides almost all the ...
 
 

China Caps Overseas Cash Withdrawals

Wall Street Journal - ‎6 hours ago‎
In a bid to rein in capital flight, the foreign-exchange regulator said in a briefing earlier this month that it has beefed up its efforts to monitor what it called “abnormal” capital outflows since August. It also ordered its local offices to step up ...

Emerging markets rout stirs unease about capital curbs

CNBC-13 hours ago
Emerging markets rout stirs unease about capital curbs. 12 Hours ... Some of those with EM exposure may considering moving before regulators do. "Malaysia ...
 

Secretary White: Budget standoff may lead to electricity shut-off at Capitol

WLS-TV - ‎19 hours ago‎
Illinois Secretary of State Jesse White announced Monday that his office will suspend mailing some reminders to the public because of the budget standoff, news that followed warnings from his office of other problems like the possibility that the ...
 

Electricity, Utilities Could be Shut Off at Government Facilities Due to ...

NBC Chicago - ‎2 hours ago‎
Illinois Secretary of State Jesse White announced Monday that his office will suspend mailing some reminders to the public because of the budget standoff, news that followed warnings from his office of other problems like the possibility that the ...
 
 

Illinois Secretary of State's office to stop mailing vehicle sticker reminders

WLS-TV - ‎2 hours ago‎
"The lack of a Fiscal Year 2016 budget is adversely impacting the Secretary of State's office, and threatens to jeopardize the services we provide to the public. Without a state budget in place, we are doing what we can to manage so that we may serve ...

EMO mayor: City should secede over Illinois budget battle

KWQC-TV6-16 hours ago
EAST MOLINE, Ill (KWQC) – East Moline Mayor John Thodos joked Monday that the city should secede from Illinois over the state's budget woes. He was ...
 

Pension issues plague Galesburg budget

Galesburg Register-Mail-14 hours ago
GALESBURG — Pension costs continue to keep the city's budget outlook ... for the other city employees through the Illinois Municipal Retirement Fund.

Attention, New Teachers: Don't Count On Your Pension To Fund ...

Forbes-3 hours ago
Why do public school teachers continue to agree to work towards a pension that they may never see? A report released this month by TeacherPensions.org ...

Canadian pension funding ratios plummet in third quarter

Pensions & Investments-Sep 28, 2015
Meanwhile, the Mercer Pension Health index — which tracks the typical Canadian DB plan based on 100% funding as of Jan. 1, 1999 — was 93% as of Sept.

Stalemate Over Tax Increases Pushes Pennsylvania Yields Higher

Bloomberg - ‎2 hours ago‎
As Congress races to avert a government shutdown, what may be a more prolonged political fight over the budget is dragging on in the state capital 120 miles (193 kilometers) to the north. In Harrisburg, Pennsylvania, the state government is almost ...

Low Bond Liquidity May Trap Investors When Rates Climb, IMF Says

Bloomberg-2 hours ago
... trading derivatives, the IMF said, citing the negative impact on sovereign-bond liquidity of the European Union ban in 2012 on uncovered credit-default swaps.

Iowa panel approves 6.7 percent rise in state insurance costs

Quad City Times - ‎17 hours ago‎
While the state's overall share for health premiums will increase by about 6.7 percent, the bargaining unit for the State Police Officers Council will pay a 10.9 percent boost in health premium rates which SPOC members can reduce by $65.42 a month by ...

Skyrocketing Health Insurance Rates Feared as Decision on Premium Hikes Nears

KSTP.com - ‎13 hours ago‎
A decision that will be announced later this week could hike health insurance costs for about 250,000 Minnesotans. Several insurers are pushing premium hikes, ranging from 20 to more than 50 percent, for Minnesotans who have purchased individual ...
 

Health insurance premiums to rise for thousands in Minnesota

Duluth News Tribune - ‎14 hours ago‎
The health law abolished exclusions for pre-existing conditions that health insurers previously used to control costs in the individual market. It also created new online marketplaces like Minnesota's MNsure exchange and extended subsidies to shoppers.

 

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Insect diversity decreases in gardens with non-native plants

Not only do native plants do a better job of hosting and supporting local insect communities than their non-native counterparts, but a University of Delaware study shows that non-native plants are compounding the problem of declining species diversity by supporting fewer herbivores across landscapes.

http://www.sciencedaily.com/releases/2015/09/150928155900.htm

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4061
Goldman Sachs slashes S&P 500 price and earnings forecasts

US junk bonds cracking after debt binge

Financial Times-5 hours ago
After a debt binge comes the bill and that is the grim message for investors looking at the current performance of the US corporate bond market. As the third ...
 

UPDATE 1-Fitch plays down 2-notch downgrade for Brazil

Reuters-19 hours ago
Fitch rates Brazil at BBB, two notches above junk, with a negative outlook. ... Guedes said that Brazil's debt dynamics will not

Goldman Sachs slashes S&P 500 price and earnings forecasts

MarketWatch - ‎5 hours ago‎
Two factors that have pressured markets—signs of a deteriorating Chinese economy and the uncertain timing of a rise in U.S. interest rates—have sparked selling in recent weeks. But heavy losses in mining-and-trading firm Glencore PLC on Monday put ...

China stock regulator levies fines, punishment for illegal share sales

Reuters-3 hours ago
... global investors and policymakers on edge as China's economy appears set ... a typical stock market bubble encouraged by official media and fuelled in large ...

Hong Kong's Property Boom at Risk With Stocks Flashing Warning ...

Bloomberg-14 hours ago
... estate measure since 1998, when the city's last property bubble was bursting. ... the city is coming true as the economy weakens and tourism arrivals decline.

 

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1756
Famous People Who Report Seeing UFOs

This topic is not really a part of PP, but is of interest to a couple of us, so I'll include it just for fun.

A circular logic argument keeps UFO's out of respectable conversation.

1.  "Everyone" knows that UFO's are not real (or not really extraterrestrial in origin).

2.  A person who reports seeing something that is not real has, by definition, psychiatric disease--either psychosis or delusion.  Psychiatric disease causes observations and judgments to be unreliable.

3.  By reporting UFO observations or contact, a person shows themselves to be an unreliable observer and psychiatrically defective.  Thus, their reports can and should be rejected without review.

:-)

Huffington Post reports the former president of the little nation of Kalmykia, a former part of the USSR, who tells a story of being invited and taken on a ride in a spaceship.  The gentleman's name is Kirsan Ilyumzhinov.  He is also noted for being a champion chess player and the current president of the International Chess Foundation (FIDE), a position he's held since 1995, after defeating former world chess champion Garry Kasparov.

So every once in a while, someone ignores the adverse effect on their public reputation and reports seeing or talking with ETs.

Most interesting to me was the slide show at the very bottom of the page that included quite a few US presidents and senators who reported seeing UFOs.

 

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4061
Investors Pull About $40 Billion From Emerging Markets in Curren

Investors Pull About $40 Billion From Emerging Markets in Current ...

Wall Street Journal-36 minutes ago
Global investors are estimated to have yanked $40 billion from emerging-market stocks and bonds during the current quarter, the most for a quarter since the depths of the 2008 global financial crisis, according to the latest data from the Institute of International Finance.

Chicago property tax increase huge, but grossly inadequate to ...

Reboot Illinois-38 minutes ago
The biggest problem facing the budgets of the city and CPS are the unfunded pensions. The police and firefighters have unfunded pensions of $11.6 billion; the ...

World set for emerging market mass default, warns IMF

Telegraph.co.uk-3 hours ago
The IMF said corporate debts in emerging markets ballooned to $18 trillion (£12 ... A ban on some debt default insurance instruments had drained liquidity from ...
Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2766
Other UFOs

Unidentified (rational for a) Falling Object?

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Everybody Knows
1.  "Everyone" knows that UFO's are not real (or not really extraterrestrial in origin).
 
2.  A person who reports seeing something that is not real has, by definition, psychiatric disease--either psychosis or delusion.  Psychiatric disease causes observations and judgments to be unreliable.
 
3.  By reporting UFO observations or contact, a person shows themselves to be an unreliable observer and psychiatrically defective.  Thus, their reports can and should be rejected without review.
 
You've just described the fix that our Left, model making brain has on us, SP. It affects not only UFO sightings but every aspect of our beliefs. Cold fusion included. 
I would offer you a youtube video of Dr. Iain McGilchrist's lectures on this important insight, but unfortunately youtube has blocked my access to their material. I must have annoyed some overweight,  pimple face youth's model of how things are.
You can always tell when you are challenging other peoples' left brain constructs. They become emotionally aroused.  Me included. 
Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Big coal in big trouble.

According to this piece half of the top coal mines on the Appalachia are bankrupt. 

http://www.upworthy.com/a-list-of-top-coal-mines-gives-some-perspective-...

 

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1148
are you surprised

coal is (societally) outa vogue, man obama has been killin' coal....(i'm ready, my mare is settled)

Michael_Rudmin's picture
Michael_Rudmin
Status: Platinum Member (Offline)
Joined: Jun 25 2014
Posts: 772
Anarchist's guide

I suspect the author was a Christian, not an anarchist; but I don't disagree with what he said in his initial analysis.

In fact, during the thousand years after the fall of Rome -- all government and no church, the church slowly built the foundations of renaisssance. It is for this reason that I say that the dark ages were far better than our day. Not because of the condition of society and technology, but because of the direction of its progression.

But I also would note that all during that time, from beginning on, the church was not a huge part of life. Through martyrdom after martyrdom of its missionaries and year after year of its service (often in slavery), it built itself.

For this reason, if we enter another dark age, I expect the Church to again do what it did.

Yet I don't think that will happen. Considering that the early Christians viewed the dragon as being tied to Mithraism, and noting that with the death of Georgius of Cappadocia (Georgius the Aryan, and, I suspect, the model for England's mythological St. George), Mithraism appears to have vanished by its own leaders' oaths for a thousand years, only resurfacing in the almost identical form of freemasonry.

Thus, it appears to me that the prophesied "thousand years, when Christ will reign with his saints", is done; and I don't expect it to repeat. Rather, what happens next is likely to be something new: before, the dragon is bound; after, the dragon is thrown on the trash heap of history.

So although these are horrid times, I'm not terribly worried.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Further to that cold fusion

Further to that cold fusion piece that I reported a couple of days ago I'm loving this. 

If spontaneous nuclear fusion or other nuclear processes take place in D(0), it may give rise to the high-energy particle signal. Low energy nuclear reactions (LENR) and so called cold fusion may also give rise to such particles.

The whole article is written to impress not to clarify and I pickled out the most lucid paragraph.
The complete article is behind a $35 pay wall but from what I have gleaned the missing neutron mass/energy is appearing as muons. (Massive electrons).
With this in mind, remember that muon catalysed fusion is old hat.
Star Scientific has been pursuing that line for some time. How ironic that the muons are produced within the atom itself. They need not be externally created.

The muons, being electrons and massive to boot, have no problem getting into the inner orbital.
Prof Meulenburg was running a fractional orbit  hypothesis.
A fractional orbit would increase the chance of a proton transforming into a neutron, except that they don't always. Some of the mass is converted into a muons. He may have nailed it.  Congrats Prof. 

Like they said about the discovery of muons. "Who ordered those?"

links http://www.starscientific.com.au/ http://www.sciencedirect.com/science/article/pii/S0360319915016018?via%3... http://www.peakprosperity.com/comment/185217#comment-185217

http://coldfusionnow.org/updates-from-iccf-17/

I am not a physicist and so I yield the floor.

KennethPollinger's picture
KennethPollinger
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 653
Speaking of Putin

I just received this email from a friend.  After watching the first 30 min of a 90 minute video, I 

had to stop and compose myself.  Is something like this in our future?  In the name of Democracy?

Surely the Middle East is feeling such things.

Dear Kenneth,  
 
I'm not a Putin worshiper...nor am 
I a worshiper of Obama, to say the 
least. 

Putin might be a hoodlum of the 

highest level - but at least this guy 
is coherent on the topic. One gets 
the sense that he may be less 
puppetteered - but I'll be happy to 
be proven wrong.
 
 

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4061
Central banks

 

Loss of central bank traction puts mandates under scrutiny

Reuters - ‎9 hours ago‎
Chief among the questions is whether the world's most influential central bank, along with many of its peers, is trapped at near zero interest rates as the economic cycle crests and inflation flatlines, due to a rapid cooling of China and other ...

Singapore central bank seen likely to ease policy in October: Reuters poll

The Fiscal Times - ‎11 hours ago‎
SINGAPORE (Reuters) - Singapore's central bank will probably ease monetary policy in October due to the rising risk of a recession and downside risks to the inflation outlook, a Reuters poll showed. Twelve of 18 analysts surveyed said their baseline ...
 

Offshore Yuan Set for Best Month Since 2011 as Intervention Seen

Bloomberg - ‎6 hours ago‎
The offshore yuan, trading stronger than the Shanghai spot price for the first time since July, posted the biggest monthly advance in four years amid bets China's central bank is propping up the currency as it looks to unite the two rates. The People's ...
 

China central bank lowers mortgage down payment requirement in many cities

The Straits Times - ‎5 hours ago‎
BEIJING (REUTERS) - China's central bank and banking regulator said on Wednesday they would be lowering the minimum down payment requirement for first-time home buyers in many cities to 25 per cent from 30 per cent, in an effort to support the ...

Brazil's central bank revises up 2015 gross debt forecast

Reuters-2 minutes ago
The bank's economic research chief, Tulio Maciel, said the revision was due to the government's cut of the primary budget surplus goal to 0.15 percent of GDP ...
 

Confidence in China''s Economy Declines, PBOC Survey Finds

Nasdaq - ‎5 hours ago‎
BEIJING--Confidence in the Chinese economy among bankers and entrepreneurs was falling, a central bank survey showed Wednesday, as the world's No. 2 economy showed more signs of weakness despite the government's efforts to shore it up. The index ...
 

Ringgit's Slide Spurs Worst Quarterly Bond Losses in Six Years

Bloomberg - ‎9 hours ago‎
Central bank Governor Zeti Akhtar Aziz reiterated on Wednesday that there's no plan to re-peg the ringgit. It was fixed at 3.8 to the dollar in 1998 during the Asian financial crisis, a measure that stood until 2005. It rallied 1.4 percent to 4.3955 on ...

Thai central bank trims growth forecast for 2015, 2016

Shanghai Daily (subscription) - ‎10 hours ago‎
BANGKOK, Sept. 30 (Xinhua) -- The Bank of Thailand (BOT) has revised down its growth projections for 2015 and 2016 to 2.7 and 3. 7 percent, respectively, the bank said Wednesday. From the second quarter to July 2015, the Thai economy gradually ...
 

Indonesia Central Bank to Intervene in Forward Rupiah Currency ...

Jakarta Globe-7 hours ago
Indonesia's central bank plans to intervene in the forward market for rupiah, ... A recent regulation from Indonesia's central bank that enforces local businesses to ...

Bank of Japan Can't Wish Away Looming Recession

Wall Street Journal-6 hours ago
The central bank could dial up its purchases of exchange-traded funds substantially from the current ¥3 trillion a year. Stock-market investors would no doubt ...

Japan factory output slides unexpectedly, risks of recession rising

Reuters - ‎14 hours ago‎
As a slowdown in China chills global growth, hitting export-reliant Asia particularly hard, analysts say the Bank of Japan may be forced to offer fresh stimulus as early as next month in a bid to get the faltering economy back on track. "In the absence ...
 
 

Japan on brink of technical recession

Financial Times - ‎7 hours ago‎
Last week Janet Yellen, US Federal Reserve chair, implicitly criticised the BoJ's policy, noting in a speech: “I am somewhat sceptical about the actual effectiveness of any monetary policy that relies primarily on the central bank's theoretical ability ...

Poland's Belka Sees Rates Low Long-Term in Emerging Markets ...

Nasdaq-5 hours ago
BUDAPEST--Poland's central bank central bank chief, Marek Belka, said global factors are likely to keep interest rates low in the longer term in Europe's ...
 

Emerging Debt Trap: The Turkish Bonds That Trade Twice a Day

Bloomberg-5 hours ago
“Investors fear they could get stuck holding Turkish debt, especially in light of the central bank's signals that it will raise interest rates in response to Federal ...

Bundesbank chief warns of risks from cheap money

Reuters - ‎21 hours ago‎
The remarks from Weidmann illustrate the continued scepticism in Germany about the need to extend the European Central Bank's 1-trillion-euro-plus money printing program. While such opposition cannot prevent extra money printing, it can delay any such ...

Asian Currencies Have Worst Quarter in Seven Years on Fed, China

Bloomberg-5 hours ago
Taiwan's dollar slid to a six-year low after its central bank reduced interest rates last week for the first time since 2009. The People's Bank of China lowered ...

Asian Markets Wrap Up One of Worst Quarters Since Financial Crisis

Wall Street Journal-4 hours ago
While calming words from some regional central bankers during the quarter's last .... Malaysia's ringgit rose as much as 1.5% Wednesday after its central bank ...

UPDATE 1-China sees capital account deficit, volatile fund flows in H2

Reuters - ‎9 hours ago‎
China will keep the yuan basically stable while improving management of its foreign exchange reserves to ensure safety, the regulator said. China's central bank has intervened heavily to keep the yuan steady after it shocked global markets by devaluing ...

China arrests 75 in crackdown on underground banks

Reuters-3 hours ago
Fears over an economic slowdown and market instability have sparked a wave of capital outflows this year. Chinese law prohibits people from transferring more ...

EMs' worst outflows since 2008: Five key charts

CNBC - ‎10 hours ago‎
Countries from Mexico and Malaysia have been buffeted in recent months as investors take fright at the prospect of higher interest rates in the US, which dims the appeal of riskier emerging market assets. Higher capital outflows in many countries have ...

Chicago PMI slides into contraction territory in September

MarketWatch-1 hour ago
WASHINGTON (MarketWatch) -- A measure of Chicago-area manufacturing dropped sharply into contraction territory in September, according to data released ...
 

Euro-Area Inflation Rate Turns Negative as ECB Debates Stimulus

Bloomberg - ‎6 hours ago‎
The euro area's inflation rate unexpectedly turned negative in September for the first time in six months, adding pressure on the European Central Bank to bolster stimulus. Consumer prices in the 19-nation currency bloc fell 0.1 percent from a year ...
 
 

Europe needs €2.4 trillion to smash deflation threat, warn experts

Telegraph.co.uk - ‎23 minutes ago‎
But S&P's prediction that stimulus will continue into mid-2018 goes well beyond analyst expectations of a just a six-month extension. It would also more than double the bank's firepower to €2.4 trillion. "Even in the best case, we believe inflation ...
 

Eurozone should double QE stimulus to €2.4 trillion to smash deflation, warn ...

Yahoo Finance UK - ‎3 hours ago‎
The eurozone will need at least another three years of quantitative easing and €2.4 trillion of firepower to revive the bloc's flagging fortunes, rating's agency Standard & Poor's has warned. With unemployment stubbornly high and growth still bouncing ...

IMF's Lagarde warns global economic growth is slowing - live updates

The Guardian-8 hours ago
Strong labour market data in the US lifted the dollar, while the euro was already under pressure from the eurozone's return to deflation on the back of weaker oil ...
 
 

Romania Keeps Key Rate on Hold in Deeper Than Expected Deflation

Bloomberg-1 minute ago
Romanian policy makers kept the country's main interest rate unchanged for a third meeting as the central bank balances the impact of government plans to ...

France''s Borrowing Requirement to Rise in 2016

Nasdaq-3 hours ago
Out of the total borrowing requirements, EUR72 billion are for financing the deficit and EUR127.0 billion are for paying back medium- and long-term debt ...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments