PIMCO has some advice for the People's Bank of China on credit expansion
"The only way to slow it down is to impose tight constraints."
That's Gene Frieda, executive vice president and global strategist for emerging markets at Pacific Investment Management Co.:
Fairfax press' Peter Martin on RBA Lowe this morning
- Dashed hopes of a further cut in interest rates
- Australian economy set to rebound as the "headwind from falling commodity prices turned into a gentle tailwind"
Check out the piece in full here:
Reserve Bank of Australia's Governor Lowe facing questions in front of the House of Representatives' Standing Committee on Economics
Here is a live link click on the link highlighted below:
On the downside, its totally SFW ....
I'm Robert Kaplan and I vote (on the FOMC this year)
Mr. (sorry, habit) Kaplan spoke earlier:
Fed's Kaplan sees 2% US GDP growth in 2017
He's at it again, this time in an interview with Bloomberg
Highlights from the New York Fed's primary dealers survey
Average conditional probability of a May or later was 78%, March was 20%
- Saw Fed changing balance sheet policy in 17 months
The survey was taken in late January, before the latest jobs report and some other very good economic data so I'm not sure that Fed view is entirely current. The Fed funds futures market currently pegs the chance of a hike at 36.0% on March 15.
Kaplan in Fort Worth
- US is near full employment
- Can removed accommodation gradually, patiently
- Fed ought to move sooner rather than later
This is some ho-hum stuff that he's said before. But it's a reminder that 3 hikes predicated on just 2% GDP growth is a darn low bar.
Trichet on debt-to-GDP
Former ECB President Jean-Claude Trichet isn't in the headlines often but I just came across a little-seen video from earlier this month where he spoke to students in Ireland and warned on the dangers of global debt.
Lockhart talking about his 10 years at the Fed
Supervision? 10-years and he wants to talk about supervision?
- Definitions of systemic institutions likely to change to exclude some regional banks
You know, I'm not into conspiracies, but I'm pretty sure it was the big banks who lobbied for the harsh supervision and regulation on the small banks so they wouldn't lose a competitive edge.
BUBA boss and ECB gov council member Weidmann still at it and now talking to BBG 23 Feb
- open markets are all in our interest
- believes Eurozone upswing will continue
A little pitch for London based banks to come knocking on his door.