Bank of England

"It's Too Late" - 7 Signs Australia Can't Avoid Economic Apocalypse

"Millions of ordinary, financially unprepared, Australians are now at the mercy of the international markets and foreign policy makers... Unfortunately, the window for taking pre-emptive action with an orderly unwinding of structural macroeconomic imbalances has now closed..."

Albert Edwards: "Something Smells Different This Time"

"Is it conceivable that the Fed is no longer so data dependent and doesn’t care how strong the economy is or whether wage inflation is going to pick up? Many commentators seem to think the Fed will simply back off tightening as soon as the going gets rough – as it has consistently done in the past. But something smells different."

PBOC Hires Blockchain Engineers Who Will Oversee Creation Of The "Digital RMB"

“The People’s Bank of China’s institute of printing science is offering six positions for the design and development of digital currency-related software and hardware framework, a recruitment notice said, adding that candidates with experience in blockchain and Big Data technologies will be preferred."...

Key Events In The Coming Holiday-Shortened Week: Payrolls, Fed Minutes, ISM, G-20

The key economic releases this week are ISM manufacturing on Monday, ISM non-manufacturing on Thursday, and the employment report on Friday. There are several scheduled speaking engagements by Fed officials this week, including a speech by Fed Vice Chair Fischer on Thursday. The minutes from the June FOMC meeting will be released on Wednesday.

Frontrunning: June 29

  • Global Bonds Gyrate as Investors Try to Parse Central Banks’ Next Stimulus Moves (WSJ)
  • Republicans struggle to salvage healthcare effort (Reuters)
  • States' Medicaid spending to increase (Reuters)
  • Apple's iPhone turns 10, bumpy start forgotten (Reuters)
  • Fed’s Stress Tests: All Banks Cleared on Payouts to Shareholders (WSJ)