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Yearly Archives
2013
QE, the expectations fairy and other bedtime stories
There are perhaps more myths about QE than almost any other monetary policy instrument. Here are five of the most pernicious QE myths.
Banks can benefit from steeping yield curve though headwinds remain
The treasury curve has steepened materially over the past few weeks, driven by Bernanke's seemingly hawkish statements. One group of companies that will benefit from this adjustment is the banking sector.
Serious turbulence in Emerging Markets as assets re-price globally
By Win Thin and Ilan Solot
from yesterday
What has changed? In short, pretty much everything. The FOMC meeting and the market reaction has fed into a deeper re-pricing of assets globally.
The selloff in the EM space has been…
Emerging Market underperformance is worsening
Emerging markets underperformance that started in late 2011 is continuing. While part of the gap has been due to US equities generally outperforming global shares, we now have some 60% dispersion between emerging markets and the S&P500.
Ten Big Issues Affecting Global Markets
By Marc Chandler
The dollar is the king of castle, extending yesterday's post-Fed rally across the board. Emerging market currencies have been particularly hard hit and we note that the Turkish lira is at new record lows. Asset markets…
New warning signs for China’s economy
One of the key risks of course is the size and health of the shadow banking system. Fitch in particular has been ringing some alarm bells with respect to China's private credit growth.