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| | | ... left and gone... and once more, the sun shines and the sky's blue. This means that the Fed can go ahead and lift, right Virginia? More so after last night's re-calibration revealing that the US economy grew not 2.3% but a solid 3.7% in the second quarter ... |
| | | | ... all let us rejoice... for that recession we've long been longing to have might be just around the next bend. By now, Virginia, you would have read all about "Bloody Monday" - when "ASX loses $60 billion in worst day since the GFC" (9news.com.au) or "More ... |
| | | | ... Seng - or highly volatile - Shanghai Composite - or down big time last week - Nikkei-225, Kospi, S&P/TSX composite. Yes Virginia, the bears came out of hibernation in full force. There was no place to hide, everywhere you look, there's gloom and... there's ... |
| | | | ... the Fed would start raising interest rates but whether the Fed should re-launch QE. Let's take a trip back to 29 July, Virginia - the day the Fed released its policy statement at the conclusion of its 28-29 July FOMC meeting - it was sliced, diced and ... |
| | | | ... then you can forget a lift-off in September, or in December... perhaps, forget all about it for all of next year. Yes Virginia, I refer to the drop in the Empire State Manufacturing Index. And girl, was it a surprisingly big thud. The index plunged to ... |
| | | | ... far above the 8.8% average in 2004-2007 and is just on par with the highest rate recorded after the 2001 recession. Yes Virginia, the 10.4% was the US labour market's source of anguish in the early 2000's, now it is cause for celebration. The rate for ... |
| | | | ... hear what they want to hear and think what they want to think." This saying was on full display over the past 24 hours, Virginia... just look at the headlines. Yes, of course, I'm scribbling about the talk of the town that is the "when" of the Fed's ... |
| | | | Scratch September. Make that December. That's the Fed lift-off Virginia. And just so you and I don't miss that point, the Australian Financial Review (AFR) even quoted Douglas Borthwick -- head of foreign exchange Chapdelaine & Co - saying that, "I'm ... |
| | | | ... hovering between 17% and 21%." This makes more sense to explain Wall Street's happy trading the other day, does it not Virginia? Instead of the headlined the US economy is stronger now so, yes you can Janet. Do it... in September? Sure, sure. If so ... |
| | | | It's out!...and it didn't surprise. Yes Virginia, there were no surprises in the Fed's decision to keep monetary policy unchanged after it concluded its 28-29 tete-a-tete. But what was surprising was Wall Street's reaction - the Dow and the S&P 500 ... |
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