Monday, September 26, 2016

This Week

Besides tonight's debate there's a lot of other stuff on tap, not the least of which is to see what effect the debate has in Monday Night football. Here's a quick look at the week ahead as it features the heads of three central bank leaders starting Monday with ECB leader Mario Draghi and Bank of Japan Hiruhiko Kuroda  and Fed Chair Janet Yellen in her trip up the Hill to speak to The House Financial Services Committee.

Investors remain confused. And the Federal Reserve in it's infinitely incompetent leadership is proposing another territorial grab by driving banks out of the commodity business. Like other interventionists, the excuse is to save the banks from themselves. This time unpredictable natural disasters that, according to the WSJ, would protect them against "environmental disasters that might cause huge liabilities, would require banks to hold billions of dollars of extra capital in their commodities businesses."

This is about liquidity. It's also about the Fed's failed monetary policies and an economy after all these years that basically sucks.. Apparently, the Fed excludes it's own role of being a natural disaster when it requires higher large capital reserves at banks for other Fed-caused reasons. The article states Goldman Sachs will be hit the hardest. At first blush that's great. Anything that hits Goldman hard is welcome. But this is a gloss-over tactic to take some of the well-deserved heat off the Fed.

As the Wall Street Journal reports:  This week brings speeches by the heads of central banks in the U.S., Europe and Japan, while trade, inflation and other data releases will shed light on the health of a number of large economies.
More:
wsj.com/articles/global-economy-week-ahead-yellen-draghi-and-kuroda-speak-eu-and-japan-inflation

Sometimes it's the stories that you missed that are the more important.

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newstarget.com/2016-09-14-clinton-camp-threatening-a-free-press-for-daring-to-cover-her-health-issues.

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