Markets News Regulators 

Top central bankers vow to talk investors out of easy money

“Then-Fed chair Ben Bernanke famously sent global bond markets into a tailspin in May 2013 by suggesting that bond purchases could be reduced” reports cnbc.com. “Why discard a monetary policy instrument that has proved to be effective?”. Four of the world’s top central bankers promised on Tuesday to keep openly guiding investors about future policy moves as they slowly withdraw the huge monetary stimulus rolled out during the financial crisis.To do this, words will be key, the heads of the four central banks told an ECB conference on communication.”Forward guidance…

Read More
News 

We asked dozens of young bankers to name their biggest Wall Street concern —  and one answer came up over and over

“Business Insider recently compiled a list of the top talent on Wall Street age 35 and under, interviewing dozens of bankers, asset managers, and traders in the process” writes Alex Morrell for businessinsider.com.au. We asked the crop of dealmaker candidates currently making waves in investment banks and private equity shops the same question: What’s your biggest concern about the industry?. Investments in private tech companies by banks have soared in recent years. Source: businessinsider.com.au Share This:

Read More
News 

Central bankers are facing a crisis of confidence as models fail

“Central bankers usurped the titans of Wall Street as the masters of the universe almost a decade ago” writes unknown author for cnbc.com. But few central bankers are happy with meeting targets only once they have moved the goalposts.For now, the public still trust the women and men who work in the marbled halls of central banks around the world.The holy grail for central bankers is to claim credibly that they have “anchored inflation expectations” at the target level.Central bankers might have been the masters of the universe of the…

Read More
News 

New Wall Street Candidates Emerge to Test Trump-Era Appeal

“But Trump, a self-described billionaire who made a fortune in New York real estate and entertainment, has stocked his cabinet with Wall Street bankers and industry tycoons” writes Min Read for reuters.com. REUTERS/Brendan McDermid/File Photo (Reuters) – With a businessman turned politician now in the Oval Office, a small but growing number of bankers and Wall Street financiers across the United States have set their sights on politics.In New Jersey, Connecticut and California, former bankers, hedge fund managers and private equity executives have either announced bids for legislative and gubernatorial…

Read More
News 

New Wall St candidates emerge to test Trump-era appeal…

“But Trump, a self-described billionaire who made a fortune in New York real estate and entertainment, has stocked his cabinet with Wall Street bankers and industry tycoons” writes Min Read for reuters.com. REUTERS/Brendan McDermid/File Photo (Reuters) – With a businessman turned politician now in the Oval Office, a small but growing number of bankers and Wall Street financiers across the United States have set their sights on politics.In New Jersey, Connecticut and California, former bankers, hedge fund managers and private equity executives have either announced bids for legislative and gubernatorial…

Read More
News 

Chinese debt is so bad that even Chinese bankers now say it’s a ‘bubble’

“But it is news that the situation is so bad that even Chinese bank executives are willing to say they’re in a bubble” writes Jim Edwards for businessinsider.com. One of them — Charlene Chu — now says Chinese debt is so large its scale is becoming almost unimaginable.It’s a “bubble,” according to Lai Xiaomin, chairman of China Huarong Asset Management, China’s largest state-controlled “bad bank.”. Huarong trades in non-performing loans, distressed assets and bad debt.LONDON — It is not news that Chinese debt is regarded as a risk to global…

Read More
News Regulators 

U.S. dollar gauge drops to three-week low on Yellen’s speech

“The U.S. dollar took a tumble on Friday after Federal Reserve Chairwoman Janet Yellen failed to comment specifically on monetary policy at a highly anticipated meeting of central bankers in Jackson Hole, Wyo” writes Anneken Tappe for marketwatch.com. The euro EURUSD, +0.6441% gained 0.5% against the dollar, buying $1.1855, and the pound GBPUSD, +0.6093% rose 0.4% to $1.2853 after the speech.Even though it was expected that central bankers would avoid to make new policy statements, market participants were hoping for more clues on the Fed’s monetary policy plans. Source: marketwatch.com Share…

Read More
News Regulators 

Here’s what 4 analysts expect from Jackson Hole — the annual festival of central banking

“Central bankers will point out that deflation risk is receding and that economic fundamentals are strong” writes Will Martin for businessinsider.com.au. LONDON — The great and the good of global central banking has descended on the exclusive ski resort of Jackson Hole in the remote US state of Wyoming for one of the benchmark events of its calendar.To give a flavour of what to expect from Draghi and Yellen, Business Insider has rounded up forecasts from a handful of banks, market analysts, and commentators.Every year, the Federal Reserve Bank of…

Read More
News 

At Jackson Hole, the death of an economic model may concern central bankers

“As central bankers gather at the annual Jackson Hole symposium on Friday, analysts think the death of a major economic concept could dominate discussions” writes unknown author for cnbc.com. Known as Phillips curve, an economic concept developed by New Zealand economist William Phillips, it shows that inflation and unemployment have a stable and inverse relationship.A number of analysts have warned that this could be risky for the global economy and discussions around the death of the Phillips curve could dominate the Jackson Hole symposium.However, in the recent months with central…

Read More