China data nudge to global growth fears
Overnight, China reported as larger than expected December trade surplus ($57.06 billion against an expected $51.53 billion) but a December year over year 7.6% drop in imports that argued for a slowdown in China's domestic economy. Economists had expected a 5%...
Weakness, weakness everywhere in today’s PMI surveys
The Purchasing Managers Index released in China over night fell to a two-month low of 50.5 in April from 51.6 in March. Economists had expected a much smaller drop to 51.5 in April. That The reinforced fears that the Chinese economy might be slowing.
That was quick: Less than two weeks after the Fed’s QE3 and the ECB’s plan to buy bonds, the market is looking for another jolt
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Bank of Japan expands its program of quantitative easing; stocks move up across Asia
The Bank of Japan, the country’s central bank, has joined the global parade of central banks moving to stimulate domestic economies. The Bank of Japan didn’t cut interest rates—with short-term rates at 0% that would have been quite a trick. Instead it expanded Japan’s version of quantitative easing by increasing its asset-buying program
Where does this rally go from here?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Last central bank standing: Using the People’s Bank to guide your investing strategy in China
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Central banks promises clearly still work–so give me more promises this fall but please no concrete actions
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Brazil cuts interest rates again–and probably for the last time; will it be enough to ignite growth?
Yesterday, August 29, Brazil central bank reduced its benchmark Selic interest rate by another half a percentage point to 7.5%. Data that arrived in the days before the central bank’s latest move, as if on cue, show that maybe—maybe–the government’s tax cuts and the bank’s interest cuts are starting to work
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...More bad news is good news today and the signs of giddiness on Wall Street
Today not only is bad news good news on the theory that bad economic news will push the world’s central banks to faster action. But also Wall Street is starting to believe its own press releases. Today, we’ve got market analysts saying that stocks should be going higher because earnings are coming in above expectations—even though Wall Street itself created those low expectations.
Are some companies simply better at the “plenty of work but no jobs” economy?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Download Jim’s eBook for Free
