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Market Overview

Sober Look
China's Economy: New Warning Signs
By Sober Look - Jun 17, 2013

China's consumer confidence declined sharply in May to 99.0 from 103.7 in April. Household spending in China represents only about 35% of the GDP (according to the World Bank), while the U.S. consumer...

Kristina Leonova
Dollar Loses Momentum
By Kristina Leonova - Jun 17, 2013

On Monday, the Japanese Yen held a near two-month high against the Dollar and the Euro in the early Asian session, amid market hysteria and confusion over when and how the U.S. Federal Reserve (FED) ...

Marc Chandler
ECB Monetary Policy Transmission Mechanism
By Marc Chandler - Jun 17, 2013

A couple of weeks ago, we posted a graph that depicted the transmission mechanism of US monetary policy. We follow up that with a Great Graphic of how the ECB understands the transmission mechanism of...

Marc Chandler
Nikkei And Yen Moving In Lockstep
By Marc Chandler - Jun 16, 2013

We have shown versions of this chart before, but given the recent price action it is worthwhile to revisit. This Great Graphic, constructed on Bloomberg, shows the dollar against the yen in white and ...

Doug Short
ECRI Recession Watch: New Update
By Doug Short - Jun 16, 2013

The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) is at 131.3, up slightly from last week's 131.0 (revised from 130.9). The WLI annualized growth indicator (WLIg) rose to ...

Kevin Davitt
What If China Starts Spiking The Punchbowl?
By Kevin Davitt - Jun 16, 2013

The following is from the Sober Look which I read regularly. Cliff Notes - short term rates have been spiking (higher) in China lately which is scary (think 2008). My takeaway - China has been ...

David Kotok
Central Banks And Markets
By David Kotok - Jun 16, 2013

The classic instructions given to a speech giver in a speaker's training course are as follows: 1. Say what you are going to say. 2. Say it. 3. Say what you said. 4. Say thank you very much, are ...