Graph of the week: Chinese slowdown

These past few months markets have been spooked by fears of a crash of the Chinese economy. However, while China is clearly slowing down, the risk of an actual crash remains limited. Chinese bears (pandas) see things too much in black and white……

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Graph of the week: Concerns about the US economy

This week’s highly anticipated Fed meeting yielded another no change decision. The Fed decided it was still not the right time to raise its policy rate for the first time since 2006 because of increased concern about the economic outlook. Recent survey indicators show that such concerns are warranted. …

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Will she, won't she?

All through the Summer, there has been speculation about whether or not the Federal Reserve would raise its policy rate for the first time in more than 9 years in September. This week it’s decision time for Yellen and co. For now, the odds on the first rate seem fairly even.…

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Looking for more stimulus in China

Chinese equity markets took another beating this week with the Shanghai composite down 12% on the week. This took the index back its early July low, erasing the full impact of the earlier policy measures aimed at supporting the market. This leaves the index down 32% from its mid-June high, though still 57% higher than one year ago. To be clear, the Chinese equity…

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A Primer on the "Magic Mountain"

Davos, setting of the Thomas Mann novel “Der Zauberberg” and sheltering famous people throughout history such as Arthur Conan Doyle, Robert L Stevenson and Ernst Ludwig Kirchner. Today, Davos is mainly famous for being an exclusive ski resort and the annual host of the World Economic Forum. A brief appetizer : This year, the conference of leading…

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Sunday's Pedrocchi's "Light"

Following our adventures in today’s every changing moods in the world of finance, it’s not a bad thing to assess volatility as a measure of risk. And the last couple of months, in the light of the uncertainty surrounding the global business cycle and sovereign debt crisis, it’s always interesting to spot the hot spots, if there are any that…

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It's hard to satisfy us

Unbelievable but now the FED has managed to arrive at the point where they exactly wanted to be, it seems that a growing part of voting members within the FOMC does no longer agree: “Prices of assets such as bonds, agricultural land, and high-yield and leveraged loans are at historically high levels,” George said in a speech last week. “We must not ignore…

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"We need something bolder..."

Let’s put in a USD 550 bio extra of asset purchases, or may be on second thought, let’s double that amount. After 9 consecutive rounds of QE worth JPY 100 trillion – roughly EUR 1,000 bio and some small change – the freshly elected Japanese government headed by Shinzo Abe is looking for something more, let’s say, “challenging”.…

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A short intermezzo by side-show Bob

I have been feeling a lttle bit under the weather but luckily, we can post some stuff with a little help from our friends. Sideshow Bob volunteered and came up with the following short consideration about the impact of Basel III going softer on banks and capital cushion requirements. It also touches the vital aspect of financial markets, being liquidity, and…

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Hooray, debt free... pain pays ?

Well not exactly hooray as far as the IMF is concerned : Apparently the IMF is not happy with Latvia having refunded their entire 2008 bail-out loan already. The IMF at one point even gave the advice of “piano, piano” or “we don’t need so much money from you right now”. The Latvians nevertheless pushed forward and now have of course…

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  1. Geert NoelsGeert Noels said: @pisiski She is bot from London. She is from Belgium and nobody knows her there. Prejudices are like acid: poisonous.40 minutes ago
  2. Geert NoelsGeert Noels said: @DaveSinardet Ik zie weing redenen waarom dit met een andere coalitie in de komende jaren anders zou worden. We moe… minutes ago
  3. Geert NoelsGeert Noels said: @pisiski She did it on her own, that is called perseverance.about an hour ago
  4. Geert NoelsGeert Noels said: @JurgenBuyst Oh, we worden echt het balastingsmuseum van de wereld.a couple of hours ago
  5. Geert NoelsGeert Noels said: Of nog hogere belastingen. Waar alleen Frankrijk nog voor België staat.a couple of hours ago