Abenomics

Abenomics

Global Equities Hit New All Time High Ahead Of The Fed; VIX < 10; Japan Stocks Surge

S&P futures are little changed as the Fed begins its two-day FOMC meeting pushing the VIX below 10, falling for a 7th day; European shares are lower as is the dollar while Japanese stocks soar on the back of a tumbling yen as a snap election in Japan now appears imminent. Global stocks rose to a new all time high.

Global Stocks Storm To New Record High Ahead Of Historic Fed Announcement

Last week's bullish sentiment that sent the S&P not only to a new all time highs, but a burst of last-second buying pushed above 2,500 for the first time ever, has carried through to the new week, with European and Asian shares rallying across the board, US futures again the green, and world stocks hitting a new record high on Monday ahead of a historic Fed meeting.

Is Amazon To Blame The Fed Can't Hit Its Inflation Target

While globalisation was the meme of the 2000s, this decade’s has to be the “Amazonisation” of commerce. Given the bulk of the cost of goods is distribution costs, Amazon’s unique distribution model and widening range of products could impart a new disinflationary impulse on goods prices.

Abe "Plunges Into Crisis" After LDP Suffers "Historic Defeat" In Tokyo Elections, USDJPY Slides

On Sunday Japanese PM Shinzo Abe’s Liberal Democratic Party suffered what Reuters called a "historic defeat" in the Tokyo assembly election, and "plunged into a crisis" after losing to an upstart outfit in an vote that is seen as a harbinger for Japan's national elections, and signaling trouble ahead for the premier who has suffered from slumping support after a series of political scandals.

Albert Edwards: "What On Earth Is Going On With US Wages"

"What on earth is going on with US average hourly earnings (AHE)? Three consecutive Employment Reports have seen this key measure of wage inflation surprise by its weakness. I feel especially foolish as I had written that wages were set to accelerate sharply" - Albert Edwards

Japan's "Womenomics" Is Working Just As Well As Abenomics... Terribly

*Reference to women as “birthing machines” is sarcasm. We know that the LDP also thinks of women as much more than that–as potential nurses for the elderly, expert green tea brewers for the office, and caretakers of the children that they should be giving birth to right now for the greater prosperity of Japan."

Immigrants Flood Into Japan At A Record Pace

The net inflow of foreign residents into Japan was the largest ever during the last statistical year, reaching 136,000 or 40% higher than the previous year, as the government pushes policies to attract foreign workers to offset the organic decline of its own graying population.

Trump And Abe Joint Press Conference: Highlights And Live Feed

Ahead of a weekend playing golf together at Mar-a-Lago, President Trump and Japanese Prime Minister Abe face the press to explain how a strong (and weak) currency is good (and bad) for the economy, how much Abe will be investing in American infrastructure, and how they will face their real common enemy - China (not deflation) together...