June 5, 2014 | Daily JAM, Morning Briefing, Short Term |
Draghi’s moves today amount to a bet that if you throw enough cash at banks—and charge them for keeping it on the sidelines—they’ll rev up their lending machines.
May 6, 2014 | Daily JAM, Morning Briefing |
Everybody loves Europe—except for Mario Draghi, head of the European Central Bank, who is worried that the markets are getting ahead of themselves. In an April 24 speech Draghi said that a rise in money market interest rates threatened to slow still fragile growth in the EuroZone’s economy. The bank next meets on Thursday
April 29, 2014 | Daily JAM, Morning Briefing |
As a preview of EuroZone inflation numbers set for release tomorrow, today’s inflation figure from Germany isn’t good news. German inflation grew by just 1.1% in April. That was up from a 0.9% increase in March, but significantly below the 1.3% projected by economists. The European Central Bank is worried that inflation is dangerously close to turning into deflation.
April 3, 2014 | Daily JAM, Morning Briefing, Short Term |
The consensus after the bank’s meeting today seems to be that unless inflation picks up in April the bank will be forced to move. The European Central Bank next meets on interest rates and monetary policy on May 8.
April 1, 2014 | Daily JAM, Morning Briefing, Short Term |
Monday’s inflation data from the EuroZone was even worse than expected. The year over year inflation rate fell to 0.5% in March, the lowest level in four years and below the 0.6% rate expected by most economists. The low inflation rate has increased fears that the EuroZone is headed toward deflation
February 19, 2014 | Daily JAM, Morning Briefing |
It’s an indication of the strength of this market that the S&P is hanging at this level despite a warning about slow global growth and deflation from the International Monetary Fund and a weak report on U.S. housing starts in January that showed a 16% drop in January from December
December 16, 2013 | Daily JAM, Mid Term |
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August 5, 2013 | Daily JAM |
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July 30, 2013 | Daily JAM |
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July 25, 2013 | Morning Briefing |
China’s government has ordered 1,400 companies in 19 industries to cut excess production capacity this year. Excess capacity must be idled by September and eliminated by the end of the year the Ministry of Industry and Information Technology said in a statement on its website on July 24. But we’ve been down this road before.
July 10, 2012 | Daily JAM, Morning Briefing, Short Term |
China has moved from worrying high inflation (a high of 6.4% in June 2011) to worries of deflation in just a year. Consumer prices dropped 0.6% in June from May. Consumer prices were up at just a 2.2% annual rate.
April 28, 2011 | Daily JAM, Videos |
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