Tag Archives: usa

FED, Trading, USA

Payrolls in U.S. – #NFP Rose 192,000 in March, Unemployment at 6.7%

Employers in the U.S. boosted payrolls and the unemployment rate held at 6.7 percent even as more Americans entered the labor force, showing steady progress that will prompt Federal Reserve policy makers to continue reducing stimulus while keeping interest rates low.

Payrolls rose 192,000 last month after a 197,000 gain in February that was larger than first estimated, the Labor Department reported today in Washington. The median forecast in a Bloomberg survey projected a 200,000 gain. Private employment, which excludes government jobs, surpassed the pre-recession peak for the first time.

Employment in January and February was revised higher, showing the effect on the labor market from inclement winter weather was less severe than previously thought. The gain puts payroll growth in step with the average over the past two years and shows companies are optimistic about the outlook for demand

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    Tags: month, average, jobs, rate, unemployment, forecast, department, labor, growth, usa
  • What To Expect From NFP?
    67
      The following are the expectations for today's US December jobs reports as provided by the economists at 15 major banks. Goldman: Change in Nonfarm Payrolls (Dec): 230k Unemployment Rate (Dec): 5.7%. Deutsche: Change in Nonfarm Payrolls (Dec): 200k Unemployment Rate (Dec): 5.7%. Morgan Stanley: Change in Nonfarm Payrolls (Dec): 240k Unemployment…
    Tags: unemployment, rate, growth, payrolls, average, employment, nfp, payroll, jobs, market
  • 5 THINGS TO WATCH AT THE DECEMBER FED MEETING
    66
    The Federal Reserve holds its last policy meeting of the year on Tuesday and Wednesday, resulting in plenty of material to be scoured for clues about when interest rates will start inching up. The central bank’s policy committee releases its statement and new economic projections at 2 p.m. Wednesday, followed…
    Tags: policy, time, labor, market, outlook, reserve, fed, federal, interest, rates
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    Tags: policy, will, continue, fed, usa
  • Notes from #FOMC from 9-Apr-2014
    65
    Several Fed Officials Said Forecasts Overstated Rate Rise Meeting minutes revealed that in March, Fed Reserve policy makers discussed that a rise in their median projection for the main interest rate exaggerated the likely speed of tightening. Treasury yields rose last month after policy makers predicted that the benchmark interest…
    Tags: rate, fed, rose, percent, u.s, interest, month, february, unemployment, makers
Trading

Is the U.S. stock market rigged?

This month marks the fifth anniversary of the current bull market on Wall Street, making it one of the longest and strongest in history. Yet U.S. stock ownership is at a record low and less than half of Americans trust banks and financial services. And in the last two weeks, the New York attorney general and the Commodities Futures Trading Commission in Washington have both launched investigations into high-frequency computerized stock trading that now controls more than half the market.

 

The probes were announced just ahead of a much anticipated book on the subject by best-selling author Michael Lewis called “Flash Boys.” In it, Lewis argues that the stock market is now rigged to benefit a group of insiders that have made tens of billions of dollars exploiting computerized trading. The story is told through an unlikely cast of characters who figured out what was going on and have devised a plan to correct it. It could have a huge impact on Wall Street. Tonight, Michael Lewis talks about it for the first time.

Steve Kroft: What’s the headline here?

Michael Lewis: Stock market’s rigged. The United States stock market, the most iconic market in global capitalism is rigged.

http://www.cbsnews.com/

The Book : http://www.amazon.com/

 

 

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  • Are you frightened of high-frequency trading (HFT)?
    70
    Are you frightened of high-frequency trading (HFT)? Are you concerned about what it might do to your stock portfolio? If so, you may have been exposed to Michael Lewis over the past few months. It’s been hard not to be, especially if you watch financial shows on TV or read…
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  • Dark markets may be more harmful than high-frequency trading #HFT
    67
    Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be a more serious threat to investors: the increasing amount of trading that happens outside of exchanges. Some former regulators and…
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  • Regulating high frequency trading
    67
    Thank you for that kind introduction. And my sincere thanks to everyone here for joining this lunchtime session. It’s a great pleasure and privilege to return to New York. I want to offer a few reflections this afternoon on market innovation and, in particular, the on-going debate around high frequency…
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  • High-speed traders are defending their practices in a newer, faster market.
    66
    For the past month, high-frequency trading has been under attack. The first volley came on a Sunday night in late March, when author Michael Lewis, introducing his new book Flash Boys on the news magazine program 60 Minutes, delivered the most perfectly succinct of all headline-grabbing comments. "The markets are…
    Tags: high-frequency, trading, told, market, hft, called, kroft, rigged, author, michael
NoTrading

Maria Bartiromo: What Went Wrong at CNBC, and Why the ‘Money Honey’ Moved to Fox

Famous as the ‘Money Honey,’ Maria Bartiromo is about to begin a Sunday morning show on the Fox News Channel—but not before firing a ringing broadside at her former CNBC bosses.
The “Money Honey” may have moved across the street–from CNBC to Fox–but she’s still the same hyper-competitive, no-nonsense, Brooklyn-born business enthusiast that viewers have come to know as Maria Bartiromo.

“I’m not changing,” the 46-year-old financial news luminary told me on Thursday as she rode back from a sit-down with Ken Frazier, the chairman and CEO of the Merck pharmaceutical empire in the wilds of northern New Jersey. “I’ve always been competitive when it comes to interviews, and I intend to remain the same person.”

http://www.thedailybeast.com/

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  • Goldman Sachs: What Happens If Elon #Musk Is the Next Steve #Jobs
    33
    If Tesla Motors Inc.TSLA  CEO Elon Musk turns into the next Steve Jobs or Henry Ford, Goldman SachsGS sees considerable upside for the electric car maker’s stock price. But that’s not a likely scenario. In a 47-page report to clients, Goldman laid out various scenarios for the car maker’s future…
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  • 7 reasons for Nadella’s appointment as Microsoft CEO
    33
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Trading, USA

Explore 60 years of budget deficits in one chart

When President Obama took office in 2009 at the height of the recession, the annual budget deficit came in at 10.1 percent of gross domestic product — a level not seen since the end of World War II. In the five years since, the budget deficit has been sliced more than half. New figures in Obama’s just-released budget put it at only 3.7 percent of GDP in 2014. Explore 60 years of deficits – and the occasional surplus – in the interactive chart below.

http://www.washingtonpost.com/

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  • 12 Charts That Show The Permanent Damage That Has Been Done To The US Economy
    76
    Most people that discuss the "economic collapse" focus on what is coming in the future.  And without a doubt, we are on the verge of some incredibly hard times.  But what often gets neglected is the immense permanent damage that has been done to the U.S. economy by the long-term…
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NoTrading

As hostilities flare in Crimea, U.S. steps up pressure on Russia

Hostilities intensified in Crimea on Saturday as Ukrainian officials accused pro-Russian forces of armed aggression and President Barack Obama rounded up world leaders to demand Russia “de-escalate the situation.”

Obama called British, French and Italian leaders and hosted a conference call with the presidents of Lithuania, Latvia and Estonia, the White House said.

http://edition.cnn.com/2014/03/08/world/europe/ukraine-crisis/index.html

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  • Crimea votes to join Russia, accelerating Ukraine crisis
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  • The #Putin Doctrine: Myth, Provocation, Blackmail, or the Real Deal? by @aminterest
    63
    When it comes to explaining Russia’s Ukrainian adventurism, the West has attempted to hide behind a wall of myths and hope its problems will just go away. There are all sorts of reasons to be stunned and perplexed today. Stunned by the reintroduction of the fears and phobias of the…
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  • Germany: Putin Accepts Merkel Contact Group Idea
    62
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USA

The Bar Is Really Low For Friday’s Jobs Report #NFP

Perhaps the most notable development in the run-up to Friday’s jobs report is just how low the bar has been set.
The fact that the survey period over which the U.S. Bureau of Labor Statistics collected data for the report (the week that included the 12th of February) coincided with nasty winter storms has received a ton of attention on the Street and in the press.

Moreover, Wednesday’s economic data docket delivered two data points that further served to reduce expectations. The first one was payroll-processing firm ADP’s February National Employment Report, which estimated only 139,000 workers were hired to private-sector payrolls last month (below market economists’ consensus 155,000 forecast). The second one was the Institute for Supply Management’s February survey of non-manufacturing firms (the non-manufacturing sector accounts for around 80% of U.S. economic activity), the results of which were indicative of the first monthly contraction in hiring since 2010.

 

http://www.businessinsider.com/february-jobs-report-preview-2014-3

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  • Planning before US Unemployment
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emerging, Europe, Trading, USA

Who loses from punishing Russia?

If trade and financial sanctions were imposed on Russia, the cost to the UK might well exceed the cost to Russia.

That is presumably why the Foreign Office wrote – in a document carelessly (or deliberately?) displayed yesterday for the lenses of photographers – that “the UK should not support for now trade sanctions or close London’s financial centre to Russians”.

 

http://www.bbc.com/news/business-26431849

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    70
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FED, Trading

What Alan Greenspan Has Learned Since 2008

Not long after Alan Greenspan stepped down as Federal Reserve chairman in 2006, global financial markets began to unravel. The collapse of a few financial institutions, the near-collapse of many others, a massive bailout by multiple governments, and the worst economic downturn in three-quarters of a century ensued. Lots of people blamed Greenspan for some or all of this, and the man himself famously allowed, in a Congressional hearing in October 2008, that he had “found a flaw” in his model of how the world works.

Then, somewhat remarkably for a guy who had recently turned 80, he actually set to work trying to figure out what he’d gotten wrong. “It seems sort of silly,” he says now, “but I’ve learned more in the last three or four years than the previous ten.” In the fall he came out with a book setting out his new and improved worldview, The Map and the Territory: Risk, Human Nature, and the Future of Forecasting. But even that’s not the end of it. “I guess they shut it down in June,” he says, estimating when the book went to the printer. “I’ve come a long way since then.”

http://blogs.hbr.org/2014/01/what-alan-greenspan-has-learned-since-2008/

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NoTrading

NY is ‘Billionaire Capital Of The World’

For the first time, New York City has surpassed Moscow for the most billionaire residents, according to the latest global rich list from Hurun, a group that tracks wealth in China.

According to Hurun, New York added 14 billionaires this year, bringing its total to 84. Moscow, meanwhile, lost a billionaire, lowering its headcount to 77.

 

http://www.businessinsider.com/moscow-is-no-longer-the-billionaire-capital-of-the-world-2014-2

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  • Wolf of Wallstreet is paying back everyone this year.
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Europe, Trading, USA

Two-Speed Recovery: US vs. EU

The August 2013 gross domestic product report by the US Bureau of Economic Analysis drew little attention, but it contained a fairly remarkable piece of data: Inflation-adjusted GDP per capita in the United States hit a new all-time high in the second quarter of 2013, the first time a new high had been reached since 2007. Real consumer spending has hit a new high, too, and auto sales are at levels not seen since before the financial crisis. Millions of Americans are still searching for work and suffering financial hardship, but on average, by the broadest measures of economic performance, America’s Great Recession is over.

 

http://www.worldaffairsjournal.org/

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  • Pound Rises Most in Two Months on Recovery Signs, #IMF Forecasts #GBP
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  • World turbulences ahead ? #IMF #Forex #Economy
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