Monthly Archives: January 2014

Are Weak Emerging Markets Linked to Fed Tapering?

The current selloff in Emerging Markets (EM) may be peripherally related to Federal Reserve (Fed) tapering, but any linkage is more psychological than mechanical. In general, Fed tapering is expected to result in a renormalizing of bond yields (i.e. the … Continue reading

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Where Do Global Economies Stand in 2014?

Observations on the Capital Markets – Week Ended January 24, 2014 In the U.S.: Few surprises in economic data, though the debt ceiling looms In Europe: Better economic data, but the credit crunch persists In China: GDP growth is on … Continue reading

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Everyone Seems to be Reaching the Same Conclusion About Global Growth: It’s Improving

Observations on the Capital Markets – Week Ended January 17, 2014 The OECD’s (Organization for Economic Cooperation and Development) leading indicators showed the global economy accelerating in November. The World Bank raised its 2014 global GDP growth forecast from 3.0% … Continue reading

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FOMC Minutes: Little Market Reaction. Hidden Message?

Observations on the Capital Markets – Week Ended January 10, 2014: Friday’s labor market report was disappointing – and a little noisy Bond markets rallied on weak job growth U.S. economic news: More positives than negatives Eurozone news: Not good, … Continue reading

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The U.S. Begins an (Un)employment Experiment

Observations on the Capital Markets – Week Ended January 3, 2014 Extended unemployment benefits stopped for 1.3 million people at year-end. This doesn’t change their employment status . . . they just stop getting unemployment compensation. Extended benefits (of up … Continue reading

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