GEAB
excerpt - The Fed's last bullets
The poker
game played by the Fed is coming to an end. The bet was that support of finance
and real estate would allow a revival of the real economy before having to
withdraw this support because of an untenable position going forward. This
programme enabled the country to gain access to cheap credit, which is already
a success. But as regards the real economy, apart from having created new
bubbles, the bet appears to have been lost. As we have seen, the situation
hasn’t got better, quite the contrary...
Goldman:
This US Treasury Sell-Off Is For Real
With yields
on government bonds jumping in the past week, Goldman Sachs has warned that a
widely predicted bond sell-off is finally happening, while a major U.S. asset
manager has warned investors to move out of long-duration bonds to avoid heavy
losses...
Bank of
France Seeking Yuan Liquidity Agreement for Euro Area
Bank of
France Governor Christian Noyer said he’s seeking agreement among euro-area
central banks for ways of providing liquidity support in Chinese yuan as
countries compete for future business...
The Global
Economy Balancing on a Pinhead
Japan and
the United States are using asset bubbles to revive their economies. They are
struggling to manage the speed of bubble expansion or contraction. This dancing
on a pinhead brings big uncertainty to the global economy. When they fail, a
global recession may follow...
Le pétrole
de schiste américain divise davantage l'OPEP
Les ministres de l'OPEP, l'Organisation des pays
exportateurs de pétrole, se réunissent aujourd'hui, vendredi31 mai 2013, à
Vienne. Le cartel pétrolier ne devrait pas remettre en cause son niveau de
production global. Ce qui n'empêche pas les clivages de s'aggraver au sein de
l'OPEP, à mesure que les Etats-Unis produisent de plus en plus leur propre
pétrole...
Reform to
ease debt risks
A financial
reserve, a control framework and rational division of power between governments
will help balance the books...
Far-right
groups plan day of demonstrations across England
Far-right
groups are planning their biggest mobilisation for 30 years this weekend with
more than 50 demonstrations planned in towns and cities across England...
Zone euro:
chômage record à 12,2%
Le taux de chômage de la zone euro s'est établi à un nouveau
niveau record en avril, à 12,2% de la population active, selon les données
publiées vendredi par l'office européen de statistiques Eurostat. Quelque 19,37
millions de personnes étaient au chômage en avril dans les 17 pays de la zone
euro, précise Eurostat dans un communiqué...
Fearing
high inflation Brazil raises basic rate 50 basic points to 8%
Brazil's
central bank raised its benchmark interest rate on Wednesday to 8% from 7.5%,
as part of an effort to battle high inflation in an economy that keeps struggling
with slow growth...
US fears
over cuts in British defence
General Ray
Odierno revealed that he has repeatedly raised concerns with British defence
chiefs that Britain’s shrinking forces will be unable to work alongside the
Americans...
Japan
World’s Largest Creditor Nation for 22nd Straight Year
Japan held
on to its position as the world’s largest creditor nation for the 22nd straight
year in 2012, despite its recent export slump, as a surge in the dollar at the
end of the year helped inflate the value of its overseas assets...
Volatile US
Bond Market a Major Risk for Global Economy: OECD
While
growth in the U.S. will likely outpace major developed markets in the coming
months, according to the Organization for Economic Co-operation and Development
(OECD), it warned potential instability in the country's bond market arising
from a tapering of quantitative easing (QE) poses a major threat to the outlook
for the global economy...
Suède : du modèle social au paradoxe social
Depuis plus d'une semaine, la Suède est le théâtre, comme la
France en 2005, de manifestations violentes, en particulier dans les quartiers
pauvres des banlieues où vivent la majorité des Suédois d'origine étrangère...
Offshore
yuan bonds issued in Singapore
Two major
international lenders launched the first batch of offshore yuan-denominated
bonds in Singapore on Monday, making the country the third offshore hub for
such notes and consolidating its standing as an international financial
center...
Italy to
leave EU 'crisis list' after cutting deficit
EU sources
indicated on Monday (27 May) that Italy will be among several countries to be
taken out of an Excessive Deficit Procedure (EDP) when the European Commission
delivers its verdict on national reform programmes (NRPs) and budget plans on
Wednesday (29 May)...
Greek
Economy Optimism Seen in Yield-Curve Switch
Greece’s
10-year yield fell below the rate on its 30-year securities last week for the
first time in almost three years, adding to signs the bond market in the nation
that triggered the euro region’s debt crisis is healing...
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