ratings

S&P Downgrades China To A+ From AA- Due To Soaring Debt Growth

"The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China's economic and financial risks. Since 2009, claims by depository institutions on the resident nongovernment sector have increased rapidly. The increases have often been above the rate of income growth."

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.

"You Should Take The Fed At Their Word"

"We think they’re going to be... getting more worried about some of the negative consequences of QE, the fact that it encourages risk taking and may create some issues for the banks...”

Frontrunning: September 5

  • North Korea Plans New Missile Test as U.S. Calls for Action (WSJ)
  • U.S. crude rises, gasoline falls as refineries restart (Reuters)
  • Putin says tougher sanctions senseless (Reuters)
  • Trump Confronts Accelerating Russia Probes on Multiple Fronts (BBG)
  • Trump poised to rescind Dreamer program, pressure Congress to fix (Reuters)