LATEST NEWS: Predictors of ’29 Crash See 65% Chance of 2015 Recession

In 1929, a businessman and economist by the name of Jerome Levy didn’t like what he saw in his analysis of corporate profits. He sold his stocks before the October crash. Almost eight decades later, the consultancy company that bears his name declared “the next recession will be caused by the deflating housing bubble.” By […]

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LATEST NEWS : Euro Area Limping Toward Deflation Fuels QE Calls as ECB Meets

The euro area is edging closer to the moment that deflation risks become reality. Companies cut selling prices by the most since 2010 as they attempted to boost sales in the face of a flagging economy and slowing new orders, Markit Economics said today. This in turn is squeezing profit margins and reducing resources for […]

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LATEST NEWS : Draghi Devaluing Euro Cheers ECB as Inflation Seen Fading

Mario Draghi’s strategy for reviving the euro area looks like devaluation. While the European Central Bank president says the exchange rate isn’t a policy target, officials aren’t secretive about their approval of the currency’s almost 10 percent slide. The depreciation increases the cost of imports and boosts exporters’ competitiveness, aiding the effort to revive inflation […]

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LATEST NEWS : Fed Weighs Change to Rate Guidance for Added Flexibility

Federal Reserve officials are considering whether to alter their guidance on the likely path of interest rates to give them more flexibility to react to changes in the economy. The Fed has said since March that its benchmark rate would stay low for a “considerable time” after it completes monthly bond buying intended to boost […]

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LATEST NEWS : SNB Won’t Exclude Negative Interest Rates, Spokesman Meier Says

The Swiss National Bank is willing to take further measures such as negative interest rates if pressure on the franc intensifies, spokesman Walter Meier said today. “If needed we would take extra measures, with a negative rate a conceivable option,” Meier said by phone from Zurich, adding that this was the SNB’s standard comment. The […]

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LATEST NEWS: Bank of England Keeps Record-Low Rate on Weak Inflation

The Bank of England kept its key interest rate at a record-low today after persistent weakness in inflation and wage growth reinforced the case for keeping emergency stimulus. The Monetary Policy Committee’s decision also came against a backdrop of a weakening euro-region economy and tensions with Russia over Ukraine. It was the last before Scotland holds an independence referendum that threatens to break the U.K. apart. […]

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LATEST NEWS : Euro Inflation Slows as Draghi Hints at More ECB Stimulus

Euro-area inflation slowed in August and the region’s unemployment rate remained close to a record, increasing pressure on the European Central Bank to take action to kindle the bloc’s faltering recovery. continue reading at bloomberg.com

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LATEST NEWS : They're Dying at Their Desks in China as Epidemic of Stress Proves Fatal

Chinese banking regulator Li Jianhua literally worked himself to death. After 26 years of “always putting the cause of the party and the people” first, his employersaid this month, the 48-year-old official died rushing to finish a report before the sun came up. continue reading at bloomberg.com

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LATEST NEWS : Fed Decision Day Guide From Dot Plots To Exit Strategy

Here’s what to look for when the Federal Open Market Committee releases its policy statement at 2 p.m. today inWashington along with new economic projections. Federal Reserve Chair Janet Yellen plans to give a press conference at 2:30 p.m. continue reading at bloomberg.com

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LATEST NEWS : Bonds' Liquidity Threat Is Revealed in Derivatives Explosion

The boom in fixed-income derivatives trading is exposing a hidden risk in debt markets around the world: the inability of investors to buy and sell bonds. continue reading at bloomberg.com

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