He gets a fat 0/10 from me for allowing the worst financial crisis and recession to happen on his guard in the first place. It was his failure to act before it was too late. His favourite song... "I'm Forever Blowing Bubbles"

True, but it all adds up

Had no effect... All eyes are on US and Yellen. Even an interest cut in Euro has had little effect on the Euro as price is back to when the cut was announced and with negative Empire State Manufacturing Index, more ammo not to taper in December and ...

LOL url

The other issue is that for many homeowners who have a mortgage, 30-40% of their disposable income goes on mortgage payments. Therefore, any rise in interest rates will definitely increase home repossessions and it will knock GDP down and banks will ...

BoE are aware that raising interest rates will mean there is less disposable income as UK homeowners have to cope with increased mortgage payments, especially as the majority of mortgages are variable rates and not fixed, hence it will affect the ...

I wet myself reading this... Oh the irony! Fundamentals, oh sorry I mean fluctuant, came back and bit you in the arse. That is what you get when you ignore the fundamentals... Every man and his dog was predicting the rate cut but you chose to ignore ...

Market doesn't expect a default either but if they do default and I think this is highly unlikely as someone will blink in the last hour, it will have a higher impact on short-term treasuries than long-term treasuries.

I see that the data will be eventually released... that will be a nice surprise for the markets when it does come out! LOL

Market already priced in for end of this year or early next year, no? What happened to NFP for October... can't bloody find it anywhere... LOL. Was that also postponed?

Nice summary... I like the line about Silicon Valley... LOL

Best to ignore the ones that shout the loudest without any reasoning behind it.... they are the muppets on this forum and there are plenty of them on here! You can spot the clueless noobs from a mile off!

Insured unemployment went down and that has an effect on the overall unemployment numbers which is what the FED are tracking...

Looks like a trap to me

How will the money supply be increased when the BoE are NOT extending their gilt purchases? Money supply can be increased 2 ways... One is QE and the other is by banks increasing their lending and neither is currently happening, so I don't see the ...

Having read the report, it is all data dependent as to whether to taper and with July/August numbers coming in below THEIR expectations, they decided not to taper albeit with one dissident. If numbers do continue to improve they will start taper ...

Like pump and dump or short and distort... Those practices are illegal and so should front running. FI make their money from the spread and if they have an in-house trading unit, it should be far removed from the customer trading unit where they ...

^^^^^ You didn't read the article and I suggest you read venzen's link ^^^^^

Agreed!

I am leaning towards yes after those numbers. Shows that the PMI numbers are on the optimistic side.