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Posts Tagged with: Federal Reserve

Peter: ISM and Turning Japanese

By - - The Boock Report on October 5, 2015 10:37 AM 0 Follow-Ups
Peter Initial

The September ISM services index fell to 56.9 from 59. That was slightly below expectations of 57.5 and is now below the year to date average of 57.3. New orders fell by 6.7 pts to 56.7 and compares with the 6 month average of 59.9. Eleven sectors of the 18 surveyed reported an expansion in […]

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BK: No We Haven’t Seen the EM Washout: I am seller of $EEM

By - - EM and Commodities on September 21, 2015 3:18 PM 0 Follow-Ups
BKInitial

It does not appear that the rout in emerging markets is over, especially since the Federal Reserve has now contributed to further dollar strength. I have written before about the $9 trillion global shadow banking system that is in trouble. This shadow banking system financed a disproportionate amount of emerging market growth and because US […]

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