Hints and tips:
...America creates about a quarter of global GDP, but well over half of the currency reserves of the world's central banks is socked away in dollars — $6.6tn of $11.4tn....
...The economic calendar leans heavily towards the state of Europe’s manufacturing and services sectors (all times London): 08.00: France manufacturing, services purchasing managers’ index 08.00: European...
...A quick rant about the idea that Treasury owners are “creditors” of the United States is probably warranted here....
...The euro is too young a currency to give up so soon the standard of having a single Treasury curve, as in the United States of America....
...(WaPo) Numbers of the day 6 points The amount by which Trump leads Clinton in Texas, a state that Mitt Romney won by 16 in 2012....
...(0.00%) at 5,071 European markets Eurofirst 300 up +29.31 (+2.08%) at 1,441 FTSE100 up +129.76 (+2.16%) at 6,148 CAC 40 up +99.31 (+2.15%) at 4,724 Dax up +220.53 (+2.11%) at 10,690 Currencies €/$ 1.09...
...borrowers owe remarkably little of their dollar debt to banks or investors that reside in the United States.”...
...For a company like Rural that is traded on a major exchange, ―[t]urnover measured by average weekly trading of . . . 1% would justify a substantial presumption‖ of market efficiency. 5 Bromberg et al., Bromberg...
...(FT) Video of the day Martin Wolf on Grexit The Greek state is running out of cash and there may be no rescue this time. Martin Wolf talks about what happens in the case of a default....
...The result pushed the euro to an 11-year low....
...scheme, customers would use local currency to buy an equivalent amount of digital cash – “Internet dollars”, say – from a bank....
...While in New York he talked about Citgo, the US-based subsidiary of his country’s state oil company PDVSA, which is supposedly up for sale....
...US officials have defined the advances made by the Islamic State of Iraq and the Levant (known as Isis) – an offshoot of al-Qaeda – as a potential direct threat to US national security....
...In June, the Office of the Comptroller of the Currency noted that the average amount of an auto loan was greater than the value of the car during the fourth quarter of 2013, as lenders bundled the costs...
...The depressing effect on real interest rates in the United States and other markets integrated with the US will depend on the scale of these capital inflows....
...In Egypt and Tunisia, the amounts pillaged may be less than some thought....
...(Financial Times) China is raising the hurdles for foreign banks, more than tripling the amount of capital that new entrants to the country must post and limiting the derivatives operations of those already...
...(Bloomberg) China to invest in £650m Manchester project: The state-owned Industrial and Commercial Bank of China will invest in a new £650m business district at Manchester airport in a deal the government...
...paying NML et al, and without the stay in place....
..., for allegedly making a total of $1m in illegal profits after trading in advance of the planned 2010 take.”...
...According to the filing, the company has set a place holder amount of $100m to calculate fees ahead of a possible listing. The number of shares and the offering price have not been determined....
...of the most shameful episodes of the British empire. http://on.ft.com/Y5d2vv Emerging Markets MSCI Emerging Market Index up +0.66% at 1,071 Americas DJIA up +0.39% at 14,036 S&P 500 up +0.73% at 1,531...
...While the black taffeta evening gowns and sturdy looking peacoats on Karlie Kloss et al shouted winter, the models’ peachy complexions were all spring – try Bobbi Brown’s Sheer Color Cheek Tint in Sheer...
...(Bloomberg) Warning over risks in new MBS: Fitch and Moody’s warn of private label MBS deals with worrying features, including “sunset provisions” that limit the amount of time banks are on the hook to...
...rising food price will prove a stubborn problem in the United States; part of a wider inflation concern we have for the economy reflecting a disorderly decline in the dollar....
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