In the World

Stock markets skids, the subsequent panic and the downwards spiral,ready for sentence?

Stock Markets Skids, The Subsequent Panic And The Downwards Spiral, Ready For Sentence?

Miguel Navascués | Perhaps it will not be so serious, but stock markets are falling and trembling. What has happened? Is it the Armageddon expected for over a year? The Federal Reserve is withdrawing liquidity to quickly from the global system, as can be seen in the graph: 50 billion dollars a month in a heavily leveraged global system, too much, with excessive confidence in expectations that “this time it will be different”.

 

 


global growth

Let’s Get Real About The Geopolitics Of 2019 Markets

Shaun Riordan | I have been reading a whole series of market forecasts for 2019. While it is relieving that at last they include political or geopolitical factors, I was struck by those factors, which could have dramatic impact on companies or markets which were left out, or misinterpreted.





COP24 Climate Talks had a ‘people’s voice’, but did anyone listen?

COP24 Climate Talks had a ‘people’s voice’, but did anyone listen?

via The Conversation | When the broadcaster and naturalist David Attenborough launched the latest UN climate talks, COP24, he called for ordinary people to get involved, add their voice, and “take their seat”. A series of #takeyourseat videos were published, featuring people around the world discussing what climate change meant for them. This was a sign of something new at this COP.


US volatility towards 2020

US Volatility Towards 2020

Pablo Pardo (Washington) | Although the world’s prime economic power has grown for 114 consecutive months,  Wall Street has spent the whole year in a saw teeth configuration. If stock market uncertainty was not enough, now fixed incomes have joined the chorus of anxiety. Since the summer, the yield curve has been flattening, in what appears to be the clearest sign of a recession in sight.


US monetary policy: pragmatism as new guidance

US Monetary Policy: Pragmatism As New Guidance

Financial markets expect the US Federal Reserve (Fed) to raise its federal funds target rate on Wednesday for the fourth time this year, by 25 basis points (i.e. between 2.25% and 2.50%). Looking ahead, the FOMC will likely revise its “dots” lower for 2019, while the Fed will emphasise data dependence as relevant for its policy stance, rather than guidance by FOMC ‘dots’.



OPEC post mortem

OPEC Post-Mortem

Countries in the Declaration of Co-operation (DoC, also known as OPEC) met in Vienna last week and announced a 1.2mn b/d crude production cut from an October 2018 baseline. In the end, OPEC interests came out first, as expected, and the rest of the world came second.