Part 2:
BACKDOC: PART OF THE DOLLARS RETREAT WAS DUE TO THE FED DOING A MOONWALK ON THEIR INTEREST RAISING POLICIES! HEE HEE
IT SEEMS THE WORLD JUST CAN'T HANDLE ANY LITTLE RAISE BECAUSE COUNTRIES ARE SO FRAGILE FINANCIALLY DUE TO OVERWHELMING DEBT LOADS!
AS I WRITE THIS WE ARE HEARING OF MASSIVE LAYOFFS WHICH WILL SHOW UP IN DATA IN THE NEXT FEW WEEKS!
IT SEEMS THE WHOLE WORLD NEEDS SOME SORT OF A BAILOUT!
GIVE ME A "G" GIVE ME A "C" GIVE ME A "R" (see article below:
DOC IMO
....
BACKDOC: PART OF THE DOLLARS RETREAT WAS DUE TO THE FED DOING A MOONWALK ON THEIR INTEREST RAISING POLICIES! HEE HEE
IT SEEMS THE WORLD JUST CAN'T HANDLE ANY LITTLE RAISE BECAUSE COUNTRIES ARE SO FRAGILE FINANCIALLY DUE TO OVERWHELMING DEBT LOADS!
AS I WRITE THIS WE ARE HEARING OF MASSIVE LAYOFFS WHICH WILL SHOW UP IN DATA IN THE NEXT FEW WEEKS!
IT SEEMS THE WHOLE WORLD NEEDS SOME SORT OF A BAILOUT!
GIVE ME A "G" GIVE ME A "C" GIVE ME A "R" (see article below:
DOC IMO
....
Thunderhawk: Backdoc Alert
Fed's Dudley warns conditions are tightening
Financial conditions have tightened since the Fed raised interest rates in December, New York Fed President Bill Dudley said Wednesday, according to a report from news service MNSI.
Dudley also said in an interview with the agency that continued tightening on conditions would weigh on the Fed, MNSI reported.
He also reportedly warned that additional strength of the U.S. dollar could have "significant consequences" for the U.S. economy.
Dudley is president of the Federal Reserve Bank of New York and a voting member on the federal central bank's policymaking committee.
His comments come as the Fed ponders its next move on monetary policy. The Federal Open Market Committee in December raised its interest-rate target a quarter point after seven years of keeping it near zero. It was the first rate hike in more than nine years.
Read MoreWall St jobs surge at highest rate in 10 years
Since then, despite policy that Fed officials insist is accommodative, financial markets have been in revolt. Major stock market averages have fallen considerably, with the S&P 500 down more than 8 percent.
At the January meeting last week, the FOMC declined to raise rates and made some changes to its post-meeting statement that Wall Street considered significant. One move was the removal of the word "balanced" when describing risks to the Fed's outlook.
http://ift.tt/1PWya4A ... eport.html
*************
BACKDOC: IT SEEMS THAT EVERYWHERE WE LOOK THE BEST MINDS ARE WARNING US!
THIS IS A WARNING OF OUR BOND MARKET!
IT SEEMS LIKE FRAUD THAT WE COULD ACTUALLY HAVE A BANK CHARGE US INTEREST TO KEEP OUR MONEY IN THEIR BANK!
THIS NEGATIVE INTEREST ISSUE IS MADDENING!
DOC IMO
Thunderhawk: Backdoc Alert
Bill Gross: 'Shades of 2007' as central banks flunk
Low interest rates and massive levels of central bank intervention have failed to generate strong economic growth and are beginning to endanger investors, bond guru Bill Gross said in his latest analysis.
Around the world, high debt levels combined with slow economic growth and tumbling oil prices are providing obstacles that extreme easing has been unable to cure, he said.
In the U.S., Gross said even the Federal Reserve is unsure that risks to its optimistic outlook are "balanced," generating "shades of 2007" in terms of what the headwinds are for growth.
In sum, the problems challenge the assumption of central bankers like Janet Yellen in the U.S. and Mario Draghi in Europe that low interest rates are a cure for whatever ails the global economy.
"They all seem to believe that there is an interest rate SO LOW that resultant financial market wealth will ultimately spill over into the real economy. ... How successful have they been so far?" he wrote. "Why after several decades of 0 percent rates has the Japanese economy failed to respond? Why has the U.S. only averaged 2 percent real growth since the end of the Great Recession?"
His comments come as monetary authorities around the world ponder tightening financial conditions despite loose monetary policy.
In the U.S., the Federal Open Market Committee hiked rates in December for the first time in nine years, then followed with a post-meeting statement in January that equivocated on its economic assessment. Importantly, the Fed removed the word "balanced" to describe risks to its outlook.
Futures markets have reacted, indicating that the Fed's cautious but progressive course for rate-hiking likely would be deterred by tightening financial conditions. Traders on Wednesday were pricing in no chance for a rate hike in 2016 and only a 31 percent probability for a move as far out as February 2017, according to the CME's FedWatch tracker.
Gross, who runs the $1.3 billion Janus Global Unconstrained Bond fund and founded bond giant Pimco more than 40 years ago, said debt problems are coming into clearer focus for the U.S.
"The household sector has delevered, but the corporate sector never did, and with investment grade and high yield yields 200-1,000 basis points higher now, what does that say about future rollover, corporate profits and solvency in many commodity-sensitive areas?" he asked.
Indeed, ratings agency Moody's has issued two warnings this week about deteriorating conditions in the corporate bond market.
The number of corporate issuers in the distressed category rose 6 percent from December to 264, which is just 27 away from its credit crisis peak, Moody's said Wednesday. The total has grown 44 percent from a year ago, pressured mainly from energy companies.
However, Moody's said the energy contagion is beginning to spread, with more than half its downgrades coming outside the sector. Its Liquidity Stress Index jumped to 7.9 percent in January, the highest level since December 2009 and the biggest single-month gain since March 2009. The index's long-term average is 6.7 percent, with the all-time high of 20.8 percent hit in March 2009. Moody's said a reading above 10 percent with 40 percent of the 21 sectors above that level "would be more worrisome for the default rate."
The agency expects the spec-grade corporate default rate to hit 4.4 percent in 2016.
Gross warned investors to focus on safety.
"What I do know is that our finance-based global economy is transitioning due to the impotence of monetary policy which has always, and is now increasingly focused on the elixir of low/negative interest rates," he said.
"Don't go near high-risk markets, stay safe and plain vanilla. It's not predetermined or guaranteed, but a more prosperous outcome should be somewhere around the corner if you do."
http://ift.tt/1VQlgTP ... -fail.html
*************
Thunderhawk: FULL STEAM AHEAD !!!!!! DEALS - CONTRACTS - THE WORKS !!!! MAY TAKE 2 YEARS to RATIFY BUT THE GAME IS ON NOW!!!! (See article below)
What say you DOC
BACKDOC: THE RATIFICATION WILL HAVE SOME CHALLENGES ON THE SOVEREIGNTY ISSUES FOR SURE!
DOC IMO
Dnari131: yep Hawk and Bacdoc the game of thrones going full throttle indeed!
Fed's Dudley warns conditions are tightening
Financial conditions have tightened since the Fed raised interest rates in December, New York Fed President Bill Dudley said Wednesday, according to a report from news service MNSI.
Dudley also said in an interview with the agency that continued tightening on conditions would weigh on the Fed, MNSI reported.
He also reportedly warned that additional strength of the U.S. dollar could have "significant consequences" for the U.S. economy.
Dudley is president of the Federal Reserve Bank of New York and a voting member on the federal central bank's policymaking committee.
His comments come as the Fed ponders its next move on monetary policy. The Federal Open Market Committee in December raised its interest-rate target a quarter point after seven years of keeping it near zero. It was the first rate hike in more than nine years.
Read MoreWall St jobs surge at highest rate in 10 years
Since then, despite policy that Fed officials insist is accommodative, financial markets have been in revolt. Major stock market averages have fallen considerably, with the S&P 500 down more than 8 percent.
At the January meeting last week, the FOMC declined to raise rates and made some changes to its post-meeting statement that Wall Street considered significant. One move was the removal of the word "balanced" when describing risks to the Fed's outlook.
http://ift.tt/1PWya4A ... eport.html
*************
BACKDOC: IT SEEMS THAT EVERYWHERE WE LOOK THE BEST MINDS ARE WARNING US!
THIS IS A WARNING OF OUR BOND MARKET!
IT SEEMS LIKE FRAUD THAT WE COULD ACTUALLY HAVE A BANK CHARGE US INTEREST TO KEEP OUR MONEY IN THEIR BANK!
THIS NEGATIVE INTEREST ISSUE IS MADDENING!
DOC IMO
Thunderhawk: Backdoc Alert
Bill Gross: 'Shades of 2007' as central banks flunk
Low interest rates and massive levels of central bank intervention have failed to generate strong economic growth and are beginning to endanger investors, bond guru Bill Gross said in his latest analysis.
Around the world, high debt levels combined with slow economic growth and tumbling oil prices are providing obstacles that extreme easing has been unable to cure, he said.
In the U.S., Gross said even the Federal Reserve is unsure that risks to its optimistic outlook are "balanced," generating "shades of 2007" in terms of what the headwinds are for growth.
In sum, the problems challenge the assumption of central bankers like Janet Yellen in the U.S. and Mario Draghi in Europe that low interest rates are a cure for whatever ails the global economy.
"They all seem to believe that there is an interest rate SO LOW that resultant financial market wealth will ultimately spill over into the real economy. ... How successful have they been so far?" he wrote. "Why after several decades of 0 percent rates has the Japanese economy failed to respond? Why has the U.S. only averaged 2 percent real growth since the end of the Great Recession?"
His comments come as monetary authorities around the world ponder tightening financial conditions despite loose monetary policy.
In the U.S., the Federal Open Market Committee hiked rates in December for the first time in nine years, then followed with a post-meeting statement in January that equivocated on its economic assessment. Importantly, the Fed removed the word "balanced" to describe risks to its outlook.
Futures markets have reacted, indicating that the Fed's cautious but progressive course for rate-hiking likely would be deterred by tightening financial conditions. Traders on Wednesday were pricing in no chance for a rate hike in 2016 and only a 31 percent probability for a move as far out as February 2017, according to the CME's FedWatch tracker.
Gross, who runs the $1.3 billion Janus Global Unconstrained Bond fund and founded bond giant Pimco more than 40 years ago, said debt problems are coming into clearer focus for the U.S.
"The household sector has delevered, but the corporate sector never did, and with investment grade and high yield yields 200-1,000 basis points higher now, what does that say about future rollover, corporate profits and solvency in many commodity-sensitive areas?" he asked.
Indeed, ratings agency Moody's has issued two warnings this week about deteriorating conditions in the corporate bond market.
The number of corporate issuers in the distressed category rose 6 percent from December to 264, which is just 27 away from its credit crisis peak, Moody's said Wednesday. The total has grown 44 percent from a year ago, pressured mainly from energy companies.
However, Moody's said the energy contagion is beginning to spread, with more than half its downgrades coming outside the sector. Its Liquidity Stress Index jumped to 7.9 percent in January, the highest level since December 2009 and the biggest single-month gain since March 2009. The index's long-term average is 6.7 percent, with the all-time high of 20.8 percent hit in March 2009. Moody's said a reading above 10 percent with 40 percent of the 21 sectors above that level "would be more worrisome for the default rate."
The agency expects the spec-grade corporate default rate to hit 4.4 percent in 2016.
Gross warned investors to focus on safety.
"What I do know is that our finance-based global economy is transitioning due to the impotence of monetary policy which has always, and is now increasingly focused on the elixir of low/negative interest rates," he said.
"Don't go near high-risk markets, stay safe and plain vanilla. It's not predetermined or guaranteed, but a more prosperous outcome should be somewhere around the corner if you do."
http://ift.tt/1VQlgTP ... -fail.html
*************
Thunderhawk: FULL STEAM AHEAD !!!!!! DEALS - CONTRACTS - THE WORKS !!!! MAY TAKE 2 YEARS to RATIFY BUT THE GAME IS ON NOW!!!! (See article below)
What say you DOC
BACKDOC: THE RATIFICATION WILL HAVE SOME CHALLENGES ON THE SOVEREIGNTY ISSUES FOR SURE!
DOC IMO
Dnari131: yep Hawk and Bacdoc the game of thrones going full throttle indeed!
ThunderHawk: Trans-Pacific Partnership trade deal signed, but still require years of negotiations to become reality
The Trans-Pacific Partnership (TPP), one of the world's biggest multinational trade deals, was signed by 12 member nations on Thursday in New Zealand, but the massive trade pact will still require years of tough negotiations before it becomes a reality.
The TPP, a deal which will cover 40% of the world economy, has already taken five years of negotiations to reach Thursday's signing stage.
The signing is "an important step" but the agreement "is still just a piece of paper, or rather over 16,000 pieces of paper until it actually comes into force," said New Zealand Prime Minister John Key at the ceremony in Auckland.
The TPP will now undergo a two-year ratification period in which at least six countries - that account for 85% of the combined gross domestic production of the 12 TPP nations - must approve the final text for the deal to be implemented.
The 12 nations include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.
Given their size, both the United States and Japan would need to ratify the deal, which will set common standards on issues ranging from workers' rights to intellectual property protection in 12 Pacific nations.
Opposition from many US Democrats and some Republicans could mean a vote on the TPP is unlikely before President Barack Obama, a supporter of the TPP, leaves office early in 2017.
US Trade Representative Michael Froman has said the current administration is doing everything in its power to move the deal and on Thursday told reporters he was confident the deal would get the necessary support in Congress.
In Japan, the resignation of Economics Minister Akira Amari - Japan's main TPP negotiator - may make it more difficult to sell the deal in Japan.
There is wide spread grassroots opposition to the TPP in many countries. Opponents have criticised the secrecy surrounding TPP talks, raised concerns about reduced access to things like affordable medicines, and a clause which allows foreign investors the right to sue if they feel their profits have been impacted by a law or policy in the host country.
In New Zealand on Thursday, more than 1,000 protesters caused traffic disruptions in and around Auckland and the polics said a large number of police force has been deployed.
Chile's Foreign Minister Heraldo Munoz predicted "robust democratic discussion" in his South American nation.
Australian Trade Minister Andrew Robb said the agreement would be tabled next week in parliament. Opposition to the deal in Australia has been building, but Robb was confident it would be approved, despite the government not control the Senate.
Canada's new government signed the deal on Thursday, but Trade Minister Chrystia Freeland has said "signing does not equal ratifying." She emphasised that the government committed itself to a wide-ranging consultation on the TPP during its election campaign and that process was currently underway.
Secretary of the Economy for Mexico, Illdefonso Guajardo, said the TPP would be voted on before the end of 2016, while Malaysia said the deal had already been approved, although some legislative changes were still needed.
http://ift.tt/1VQlevk ... ty-2173819
BACKDOC: GOOD NIGHT FAMILY!
THANKS FOR ALL THE OTHER ARTICLES AND COMMENTS TODAY!
DOC
The TPP, a deal which will cover 40% of the world economy, has already taken five years of negotiations to reach Thursday's signing stage.
The signing is "an important step" but the agreement "is still just a piece of paper, or rather over 16,000 pieces of paper until it actually comes into force," said New Zealand Prime Minister John Key at the ceremony in Auckland.
The TPP will now undergo a two-year ratification period in which at least six countries - that account for 85% of the combined gross domestic production of the 12 TPP nations - must approve the final text for the deal to be implemented.
The 12 nations include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.
Given their size, both the United States and Japan would need to ratify the deal, which will set common standards on issues ranging from workers' rights to intellectual property protection in 12 Pacific nations.
Opposition from many US Democrats and some Republicans could mean a vote on the TPP is unlikely before President Barack Obama, a supporter of the TPP, leaves office early in 2017.
US Trade Representative Michael Froman has said the current administration is doing everything in its power to move the deal and on Thursday told reporters he was confident the deal would get the necessary support in Congress.
In Japan, the resignation of Economics Minister Akira Amari - Japan's main TPP negotiator - may make it more difficult to sell the deal in Japan.
There is wide spread grassroots opposition to the TPP in many countries. Opponents have criticised the secrecy surrounding TPP talks, raised concerns about reduced access to things like affordable medicines, and a clause which allows foreign investors the right to sue if they feel their profits have been impacted by a law or policy in the host country.
In New Zealand on Thursday, more than 1,000 protesters caused traffic disruptions in and around Auckland and the polics said a large number of police force has been deployed.
Chile's Foreign Minister Heraldo Munoz predicted "robust democratic discussion" in his South American nation.
Australian Trade Minister Andrew Robb said the agreement would be tabled next week in parliament. Opposition to the deal in Australia has been building, but Robb was confident it would be approved, despite the government not control the Senate.
Canada's new government signed the deal on Thursday, but Trade Minister Chrystia Freeland has said "signing does not equal ratifying." She emphasised that the government committed itself to a wide-ranging consultation on the TPP during its election campaign and that process was currently underway.
Secretary of the Economy for Mexico, Illdefonso Guajardo, said the TPP would be voted on before the end of 2016, while Malaysia said the deal had already been approved, although some legislative changes were still needed.
http://ift.tt/1VQlevk ... ty-2173819
BACKDOC: GOOD NIGHT FAMILY!
THANKS FOR ALL THE OTHER ARTICLES AND COMMENTS TODAY!
DOC
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