December 12, 2013 | Daily JAM, Morning Briefing |
The drivers seem to be better than expected U.S. retail sales for November; a report that industrial production in the EuroZone contracted in October; and a sense that a possible decision to begin tapering off the current $85 billion in asset purchases at the Federal Reserve’s December 18 meeting might not be especially scary. That last would reduce demand for the safe-haven Japanese currency.
December 11, 2013 | Daily JAM, Morning Briefing |
The dollar is down agains the yen and the euro, but it looks to be stabilizing on worries that Japan’s economy is weak enough to bring the Bank of Japan back into action and on uncertainty about economic news from the EuroZone set for release tomorrow
November 7, 2013 | Daily JAM, Morning Briefing |
Surprise. Actually two of them. First, the U.S. economy grew at a faster than expected 2.8% year over year pace in the third quarter. That’s up from the 2.5% rate for the second quarter. Second, the European Central Bank cut its benchmark interest rate to 0.25% this morning from 0.5%. That takes the benchmark rate to a new historic low.
November 5, 2013 | Daily JAM, Morning Briefing |
The European Commission today cut its forecast for 2014 growth in the EuroZone, but still no one is expecting that the European Central Bank will cut interest rates to stimulate the economy at its Thursday meeting. That depressed European stock markets today.
September 23, 2013 | Daily JAM, Morning Briefing |
Merkel almost wins a majority in German elections. From the point of view of the financial markets, this result is about as good as it gets. Markets are assured of continuity—no surprises—with the possibility that Merkel will be pushed slightly toward more growth in Germany’s domestic economy
September 19, 2013 | Daily JAM, Morning Briefing |
Post-election Greece looks like it’s going to need either a small bridge loan or a big bridge loan and debt reduction in late 2013 or early 2014. Portugal looms as an even bigger problem with the country needing to raise $15.8 billion euros ($21.4 billion)–meaning that Portugal will almost certainty need a second full bailout program at the end of 2013 or in early 2014.
July 9, 2013 | Daily JAM, Videos |
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May 24, 2013 | Uncategorized |
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May 11, 2013 | Short Term |
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April 11, 2013 | Mid Term |
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April 8, 2013 | Daily JAM, Mid Term |
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March 21, 2013 | Daily JAM, Mid Term, You Might Have Missed |
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