They are in uncharted territory, interest rates unheard of and stupid. They know something stinks and they don't like what they are seeing.
Australian consumers are feeling their gloomiest in more than four years, signaling that the Reserve Bank’s three recent interest-rate cuts are having the reverse intended effect. Consumer confidence dropped 5.5% to 92.8 in October, with pessimists again outweighing optimists in the monthly Westpac Banking Corp. survey. The index sunk to its lowest level since July 2015 and is down 8.4% since the central bank started cutting rates in June. “This result will be of some concern to the monetary authorities,” said Westpac Chief Economist Bill Evans. “Typically, an interest-rate cut boosts confidence, particularly around ... (full story)
The Financial Policy Committee (FPC) aims to ensure the UK financial system is resilient to, and prepared for, the wide range of risks it could face — so that the system can serve ...
tweet at 4:20am: The EU is ready to make a major concession on a Brexit deal by providing a mechanism for the Northern Irish assembly to leave a new Irish backstop after a set number of years $GBP
For two countries about to engage in top level trade negotiations, the atmosphere between the US and China seems to be increasingly toxic. A series of antagonistic moves are being ...
tweet at 5:12am: China Is Open To Partial US Trade Deal Despite Tech Blacklist
tweet at 5:31am: DUP’s Donaldson: Party Would Clearly Oppose Reported EU Compromise On Double Majority N.Ireland Veto