QEIII: Why Not (!?)

Marc Chandler: The Fed cannot rule out renewed Treasury purchases. It does not or should not deny itself its policy options. It is committed to do what is necessary to prevent a slide into deflation, which indeed is a forgotten element of…

Markets Cautious Ahead of NFP

The US dollar is mostly firmer across the board ahead of NFP; equities and commodities softer. US NFP to determine cyclical tone ahead of quiet week; USD/JPY & USD/CHF likely to decline. UK PMI ebbed, euro zone PMIs revised higher;…

Financial Repression

The financial repression that is being discussed is not in developing countries but in the advanced industrialized countries. The ostensible goal is to support the government bond markets. Moral suasion, the cajoling of investors are soft…

Dollar Extends Gains on Euro Zone Woes

The dollar is stronger across the board as periphery strains and soft data weigh on euro This week US data is likely to remain mixed and limit euro’s slide; China’s flash PMI moderates Our sovereign ratings model suggests that the…

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