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barclays
central banks

When The Bank Of Japan Goes Broke

As we reported around midnight ET, the Bank of Japan has now committed to completely controlling the yield curve and has also committed to “overshooting” its 2% inflation target. While the results of the bank’s monetary policy “review” might have been “underwhelming” as far as markets go, the idea of explicitly and completely manipulating the curve… Keep Reading

bbpj
central banks/Equities/FX

Bank Of Japan Keeps Its Options Open

Ok, well the BoJ has spoken. Here’s the bullet points via Bloomberg: BANK OF JAPAN TAKES ADDITIONAL ACTION BOJ MAINTAINS POLICY BALANCE RATE AT -0.100% BOJ TO EXPAND MONETARY BASE UNTIL INFLATION STABLE ABOVE 2% BOJ TO ENHANCE FOWARD GUIDANCE BOJ TO INTRODUCE QQE WITH YIELD CURVE CONTROL BOJ SCRAPS AVG MATURITY TARGET OF JGB… Keep Reading

warren
Humor

Sen. Elizabeth Warren “Eminems” Wells Fargo CEO

Have you ever seen the movie “8 Mile” starring Eminem? Well, it’s about rappers. Which means some of you automatically won’t watch it. But it’s pretty good. As far as movies about rappers go. At the end there’s a series of “rap-offs” or “battles” as it were, where two contestants compete to see who can… Keep Reading

warren
Equities

Here Is Elizabeth Warren’s Full Epic Takedown Of Wells Fargo CEO

Earlier, we brought you a hilarious video of clip on Sen. Elizabeth Warren’s Capitol Hill grilling of Wells Fargo CEO John Stumph in connection with a scandal at the bank involving the creation of so-called “phantom accounts.” Below, find the full transcript in all its scathing glory. ************ Warren: Thank you, Mr. Chairman. Mr. Stumpf,… Keep Reading

FX/Rates

Is Donald Trump Driving 10Y Yields Higher?

Think the US election doesn’t matter for asset markets? You’d certainly have every reason to make your case. After all, the most contentious and potentially history-altering election in modern history hasn’t been enough to derail the equity and bond rallies; recent long-end mini-VaR shocks notwithstanding. Uncertainty around the future for US economic policy is profound… Keep Reading

qeweather
Credit/Equities

A “Bad Day” Looms For Popular Hedgies

What did we say last week in our popular post “Bridgewater Thanks You For Your Service, But They’ll Be ‘Renovating’ You Soon“? Don’t remember? That’s ok, we’ll remind you: “Oh, and get this all wrapped neat and tight before cross asset correlation relegates risk-parity to annals of hedge fund history.” Yeah, well check this out,… Keep Reading

fed
central banks/Rates

This Is How Wrong The Fed Has Been…

It’s no secret that the Fed has been continually forced to revise lower its projections for US rates. The market is increasingly skeptical of the Fed’s willingness and/or ability to embark on the illusive tightening cycle. Below, find two telling graphs from Deutsche Bank which show just how much (not to mention how often) the… Keep Reading

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