Wednesday, September 7, 2016

Today's Links

1---Move over, Fed: Europe's central banker could rev up markets Thursday

How ridiculous do things have to get before people say "ENOUGH"

The Fed can take the day off Thursday. All eyes will be on Europe's Central Bank (ECB) chief Mario Draghi.
The European Central Bank president speaks ahead of the Wall Street open at 8:30 a.m. EDT, after a much anticipated ECB meeting statement at 7:45 a.m. Speculation about what the ECB will do has been swirling around the globe, including talk that it could buy bank bonds and even equities ETFs. ...

Traders around the world are watching a string of big central banker meetings this month, with the ECB and Bank of Japan (BOJ) easing at full throttle, while the Fed takes the opposite path - toward a rate hike. The ECB is not expected to move on rates Thursday, but it could extend the time frame for asset purchases past next March and maybe even announce new assets to buy.
"I thought the ECB was going to expand the purchases to other securities. It seems that we're prone to some disappointment from Draghi tomorrow. He's not going to pull another rabbit out of his hat, and maybe yields will go higher tomorrow around the globe," said Chris Rupkey, chief financial economist at MUFG Union Bank.

2--Good Santelli video--the real economy and rate hikes

3--The job-creation machine is broken

Workforce participation is stuck near historic lows, six million people are part-timers but want to work full time, and wage growth remains subdued....

4--Saudi Arabia Raises Pricing for October Crude to Asia on Demand

Saudis relent??

5--Now Companies Are Getting Paid to Borrow--- Europe’s Henkel and Sanofi sell bonds with negative yields as ECB buying drives down rates-

6--Why More Quantitative Easing Probably Won't Work

As central banks in Europe and Japan gear up to further expand quantitative-easing policies, market participants have issued a flurry of stark warnings about the potentially-negative unintended consequences, from the hit to pension funds to the risk of fueling market bubbles.

But the more-prosaic prognostication — that further easing simply won't stimulate slowing economies by reviving enfeebled corporate investment — may be the hardest-hitting retort from the perspective of central banks in the U.K., euro-area and Japan

7--Top 10 Western lies about Syrian conflict

8--Russia ‘Gravely Concerned’ About Turkish Advance in Syria

The Foreign Ministry of Russia on Wednesday expressed “grave concern” regarding the movement of Turkish troops and Ankara-backed Syrian opposition groups on Syrian territory, emphasizing that the actions have not been approved by the legitimate Syrian government or the UN Security Council.The Russian Foreign Ministry has stated that the Turkish incursion undermines the "sovereignty and territorial integrity of the Syrian Arab Republic."

The Russian Foreign Ministry has stated that Turkish actions "could further complicate an already challenging military and political situation in Syria and negatively affect international efforts to devise a settlement platform that would ensure a more sustainable ceasefire, uninterrupted humanitarian access and would provide a solid foundation for conciliation and overcoming the crisis in this country

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