BOJ overhauls policy focus, sets target for government bond yields
http://www.reuters.com/article/us-japan-economy-boj-idUSKCN11R0BU
Oil up After Third Surprise Weekly U.S. Crude Draw @FoxBusiness
http://www.foxbusiness.com/markets/2016/09/21/oil-up-after-third-surprise-weekly-u-s-crude-draw.html
Central Banks tell regulators banks must tighten SWIFT security
http://www.reuters.com/article/us-cyberheistswift-idUSKCN11R2CJ?il=0
Required Reading
Schools close in Canadian province after bomb threat German economy minister to discuss EU sanctions with Putin Pakistan’s Sharif says India putting unacceptable conditions on dialogue Charlotte police say shooting victim was armed BOJ overhauls policy focus, sets target for government bond yields Third Point’s Loeb: BOJ move will be ‘positive’ for markets EU Commission…
THEY WILL NEVER HIKE RATES!
On September 8-9, Janet Yellen sent out a couple of fedeads to talk tough about raising rates. On Friday,September 9, the Dow dropped over 400 points. On Monday, September 12, Janet Yellen sent out two more fedheads to completely roll back what was said on September 8-9. That was the end of any potential rate…
Map Of The Day: Trump’s Almost Impossible Path To The Presidency? @FoxBusiness @TeamCavuto @Connellmcshane #CoastToCoast
Gary Kaltbaum will be talking about this on radio today!
The Closing Look
Stocks opened higher on Tuesday but drifted lower as the Fed and the Bank of Japan began their latest meetings on interest rates. Before the open, The Commerce Department said residential housing starts slid -5.8% to a 1.14 million annualized rate,missing estimates for 1.190 million. It also missed last month’s revised 1.21 million rate. The…
And the Fed!
Another Fed day. Yippee! And then we get a presser. Double yippee! None of it matters to the economy. Unfortunately, central banks here and around the globe have enabled the build-up of massive debt and leverage. This is the headwind to economies growing. How can one grow when a government spends double what it spent…