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HSBC: Scottish No vote has avoided 'uncertainty'
Charlotte Krol / Telegraph
HSBC economist Simon Wells discusses the Scottish independence vote and the impact of the decision to stay in the UK
Related: Scotland votes 'No': What happens now?
BBC
Summary unavailable
Related: Even if Scotland stays, the UK has a big problem
Matthew Yglesias / Vox
Scotland has voted narrowly but decisively against becoming an independent country, but the debate over its status in the United Kingdom is far from over. the matters on which the Scottish parliament makes policy are set instead by the UK parliament - a parliament that includes Scottish MPs Part of ...
Related: Scottish 'no' vote: what next for the energy sector?
Emily Gosden / Telegraph
North Sea oil and renewable energy were key battlegrounds in the referendum. We round up reaction and examine the implications of the 'no' vote.
Related: Scottish Banks Are Voting 'Nay'
Barry Ritholtz / The Big Picture
Source: Societe Generale   Albert Edwards, the insightful but not especially upbeat analyst at Societe Generale SA, writes to warn: The sequence of events which might flow from a Yes vote may be as unpredictable and as uncontrollable as those of the late 1980s in Eastern Europe, which led to ...
Related: Scottish oil industry 'needs significant reforms'
Olivia Rzadkiewicz / Telegraph
Malcolm Webb, Chief Executive Officer at British Oil and Gas, talks with Guy Johnson about the Scottish "no" vote on independence and how the outcome impacts the oil industry
 
Lacker rejects Fed's mortgage bond plan
CNBC
The head of the Richmond Fed defended his dissent on the central bank's exit strategy.
Related: Misunderstanding the Fed
Tim / Tim Iacono
Here's an entertaining clip of Bill Fleckenstein on CNBC in which Futures Now host Jackie DeAngelis begins by pointing out that the continuing market rise is evidence that bearish investors simply don't understand Federal Reserve policy. Fleckenstein notes, "If you want to pursue idiots like the Fed doing crazy policies, ...
Related: Lacker Would Prefer Fed Sell Mortgage-Backed Securities During Policy Exit
Pedro Nicolaci da Costa / WSJ Economics
The Federal Reserve should sell its holdings of mortgage bonds as it tightens monetary policy, Richmond Fed President Jeffrey Lacker said Friday, so that it might move away from what he sees as the inappropriate allocation of credit to a specific sector in the economy.
Related: Zombie Firms smirk with Fed's rate decision
Angry Bear
Now that the Fed has sent the message that nominal rates will stay at the ZLB for a considerable time after October, let's revisit the concept of the Zombie firm. The ZLB Fed rate makes it more likely that zombie firms will continue to limp on... Zombie firms are not ...
Related: Fed's Q2 Flow of Funds: Household Net Worth at Record High
Bill McBride / Calculated Risk
The Federal Reserve released the Q2 2014 Flow of Funds report yesterday: Flow of Funds.According to the Fed, household net worth increased in Q2 compared to Q1, and is at a new record high:The net worth of households and nonprofits rose $1.4 trillion to $81.5 trillion during the second quarter ...
Related: Bond markets 'join the dots' on Fed rates
FT
While the policy sensitive two-year Treasury yield has now risen to a level last seen in May 2011, one can clearly see that the bond market still has serious reservations about the forecasting abilities of FOMC members
 
Political and constitutional turbulence in the UK looks set to continue to 2020
British Politics and Policy at LSE
Scotland's 'No' vote solves one acute existential threat to the UK, says Patrick Dunleavy, but only for now. The likely narrow results of the May 2015 general election, plus David Cameron's promise of another referendum on the UK leaving the European Union in 2017, both promise massive constitutional turbulence between ...
Related: Tax and spending devolution: for richer or poorer?
Robert Peston
The big question about the Prime Minister's plan to hand more control over taxes, spending and welfare to the four nations is how far this would end the subsidy of Scotland, Wales and Northern Ireland by England, and especially by London and the South East. For all that it may ...
Related: Shares rise in London on 'No' vote
BBC
Shares rise in London after Scotland rejects independence, as a rally in the pound fades.
Related: Cameron promises more devolution for UK
FT
Relieved prime minister pledges to 'honour in full' the commitments to settle the question of English votes for English laws
Related: What 'No' means for PM Cameron
CNN
David Cameron has had the narrowest of political escapes. Success for the "Better Together" campaign has saved him from catastrophe: he will not, after all, live on in history as the Prime Minister on whose watch the Scottish nation chose to leave the United Kingdom. But serious questions will now ...
 
Five takeaways from Alibaba's pricing
FT
China's ecommerce company has priced its initial IPO at $68. The extent of spillover demand will show how prudent the group has been
Related: Can Alibaba Shares Climb Wall of Worry?
Barrons
While demand for the IPO appears strong, the media aren't letting up on possible risks to investors.
Related: Hype? Why some are avoiding Alibaba
CNBC
Just because sentiment is running in favor of the stock on the company's big day, doesn't mean everyone's bullish on the stock.
 
Weak ECB loans demand paves way for 'QE'
FT
Analysts expected a take-up of €150bn in ECB's 'targeted longer term refinancing operations' this week, but take-up was disappointingly low
Related: Europe at the Crossroads: A Union of Austerity or Growth Convergence?
Michael Stephens / Multiplier Effect
Co-organized by the Levy Economics Institute of Bard College and Economia Civile with support from the Ford Foundation Megaron Athens International Conference Centre Athens, Greece November 21-22, 2014 On November 21 and 22, the Levy Economics Institute of Bard College will hold its second annual conference at the Megaron Athens ...
Related: Europe's Bargain
Michael Spence / Project Syndicate
Eurozone member countries should implement fiscal and structural reforms in exchange for short-run relaxation of fiscal constraints - not to increase liabilities, but to focus on growth-oriented investments to jump-start sustained recovery. If they do, private investors would take note, accelerating the recovery process.
 
Spanish shares and bonds rise on Scottish No vote
Ben Martin / Telegraph
Scotland's rejection of independence has eased investor concerns about Catalan secession
Expand sublinks   Also:  Zero Hedge | EL PAÍS | BBC | Reuters
Related: What's the fallout for Catalonia?
CNN
The vote in Scotland has encouraged the Catalan parliament to vote on a resolution to vote on independence from Spain.
Related: Scotland's "No" vote pushes Spanish bond yields lower
Reuters
By Marius Zaharia LONDON, Sept 19 (Reuters) - Spanish 10-year government bond yields fell on Friday as markets viewed Scotland's "No" vote in its independence referendum as having reduced prospects...
 
The political economy of a universal basic income.
Steve Randy Waldman / interfluidity
So you should read these two posts by Max Sawicky on proposals for a universal basic income, because you should read everything Max Sawicky writes. (Oh wait. Two more!) Sawicky is a guy I often agree with, but he is my mirror Spock on this issue. I think he is ...
Expand sublinks   Also:  Jason Zweig | FT
Related: Do poor countries really get richer?
C.W. | LONDON / Free Exchange
DO POVERTY traps exist? Academics seem to think so. According to Google Scholar, so far this year academics have used the phrase "poverty trap" 1,210 times. (Paul Samuelson, possibly the greatest economist of the 20th century, was mentioned a mere 766 times). Some of the most innovative work in development ...
 
Does Abenomics Work? - The Doubts Grow
Edward Hugh / Fistful of Euros
Is something in the air? Do I detect a change in consensus on the way things are going in Japan? Certainly a slew of articles have been published in the financial press over the last month questioning where the Abenomics ... Continue reading →
Related: Kingdom Stays United, Sterling Rally Stalls $1.6525, Yen Slumps
Marc to Market
The results are not final or official yet, but it is clear that Scotland voted to remain part of the United Kingdom in a vote that was not as close as the opinion polls suggested. The "wisdom of crowd" type of information from the formal and informal markets had anticipated ...
Related: Yen's drop: too far, too fast?
CNBC
While the yen's sharp drop has driven the Nikkei to near seven-year highs, the quick decline is also spurring concerns over the economy.
Related: Japan Government Cuts Economic View, Warns Of Stalling Consumption
Money Game
TOKYO (Reuters) - Japan's government cut its overall economic assessment for the first time in five months as private consumption is struggling to recover from the slump caused by April's sales tax hike, clouding the outlook for a sustained recovery. The government on Friday cut its view on private consumption, ...
Related: Krugman Warns Abe on Tax Increase
John D'Amico / WSJ Japan Real Time
Economist Paul Krugman thinks that if Japan's sales tax reaches 10%, it could mean a disastrous return to deflation.
Related: The Next Stage of Abenomics Is Coming
WSJ Opinion
Make no mistake, Japan will emerge from economic contraction and carry out needed structural reforms.
 
China economic gloom deepens - official survey
James Kynge / Beyond BRICs
There is more gloomy news for the world's second largest economy. A comprehensive official survey of Chinese households, businesses and banks finds demand for loans slackening further in the third quarter, suggesting scant prospects of a reprieve from the credit slump seen in August and July. Some 3,100 banks interviewed ...
Related: Can China Compete With Silicon Valley?
Boston Globe
The WSJ talks to the chief executive of Ren Ren, a Chinese social media service about the state of innovation in China and opportunities.
Related: PBOC sends 'strong signal' of rate cut cycle
CNBC
The People's Bank of China (PBoC) eased short-term borrowing costs for banks, a "strong signal" that a rate cutting cycle is near.
 
Who Wins the Battle Between Indian and Chinese Billionaires?
Eric Bellman / WSJ China Real Time Report
India and China, two of Asia's largest and fastest-growing economies, have minted millionaires at an unprecedented rate over the last decade. But which billion-plus-person country has more billionaires?
Related: Kabaddi, or the culture that is India
Tyler Cowen / Marginal Revolution
Breath control is the essential skill for success in kabaddi, a game with ancient roots in which teams take turns sending a raider across midcourt who, on a single breath, tries to tag a member of the opposing team and return safely to his team's half of the court before ...
 
IMF warns of emerging markets slowdown
FT
EM growth stalled in the wake of the financial crisis and has continued to fall and unlike in advanced economies the IMF does not forecast a recovery
Expand sublinks   Also:  OANDA
Related: BlackRock: Taking a Global View: Investing in Emerging Markets
iShares / ETF Trends
In recent months, investors have been looking overseas for opportunities in emerging markets (EMs). While some market watchers are speculating that the allure of developing markets may be fading given the prospect of higher rates on the horizon, many investors are still embracing the emerging world. BlackRock Chief Investment Strategist ...
Related: Growing Older in Emerging Markets
Tassos Stassopoulos / AllianceBernstein
The rapidly aging demographic in developing countries is an important market for consumer companies. For investors, it's imperative to understand why complex socioeconomic changes will affect spending patterns in unfamiliar ways as emerging markets mature. It's easy to overlook the aging trend in emerging markets. Countries like India and China ...
 
Ukraine's Poroshenko says U.S. promises $1 bln in financial guarantees
Reuters
KIEV, Sept 19 (Reuters) - Ukrainian President Petro Poroshenko said in a tweet on Friday that the United States had promised $1 billion in financial guarantees for Kiev to raise funds on the capital...
 
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Political and constitutional turbulence in the UK looks set to continue to 2020
British Politics and Policy at LSE
Five takeaways from Alibaba's pricing
FT
Lacker rejects Fed's mortgage bond plan
CNBC
Spanish shares and bonds rise on Scottish No vote
Telegraph
Weak ECB loans demand paves way for 'QE'
FT
The political economy of a universal basic income.
interfluidity
China economic gloom deepens - official survey
Beyond BRICs
Who Wins the Battle Between Indian and Chinese Billionaires?
WSJ China Real Time Report
IMF warns of emerging markets slowdown
FT
HSBC: Scottish No vote has avoided 'uncertainty'
Telegraph
What's this?
Link: Centre for Macroeconomics
Link: Economic and Social Research Council
 
Last Updated: 04:59 GMT     Friday, 19 Sep. 2014 Archive About FAQ Home