Written by Gary
US stock future indexes seem to be looking towards a depressing trading day as Japan decided to make headlines, marking the first time a G7 nation's 10-year yields have turned negative. Investors are looking to seek safer assets as crude looks to slide further. Red Volume today might tell if we have stalled and are about to climb higher.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
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from Liberty Street Economics
-- this post by Tobias Adrian, Michael Fleming, Erik Vogt, and Zachary Wojtowicz
In a recent post, we presented some preliminary evidence suggesting that corporate bond market liquidity is ample. That evidence relied on bid-ask spread and price impact measures. The findings generated significant discussion, with some market participants wondering about the magnitudes of our estimates, their robustness, and whether such measures adequately capture recent changes in liquidity. In this post, we revisit these measures to more thoroughly document how they have varied over time and the importance of particular estimation approaches, trade size, trade frequency, and the dichotomy between investment-grade and high-yield bonds.
Infographic Of The Day: The Volkswagen Emissions Scandal
In September 2015 the Volkswagen Group was found to have been cheating emissions tests by making it seem that certain cars produced far fewer emissions than was actually the case. The story broke when the US Environmental Agency discovered that many of Volkswagen's diesel cars emitted up to 40 times more fumes than the permitted limit. They achieved this through the installation of software (known as the 'defeat device'), which could sense it was running under test conditions and alter its performance accordingly.
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Written by Joe Bongiovanni, Director, The Kettle Pond Institute for Debt-Free Money
Perhaps there were unintended consequences to Lord Adair Turner's post-crisis discovery of the deeply heterodox taboo of what today we call 'public money'. He continues to find something diabolical in the midst of public money, and I can't figure out why. He has given no reason.
Written by Money Metals Exchange
This post is an exclusive interview by Mike Gleason with First Majestic CEO Keith Neumeyer on Metals, Mining, and Manipulation.
08Feb2016 Market Close: Major Averages End Session Over One Percentage Point Down, Crude Steady, Gol
08Feb2016 Market Update: Averages Off Over Two Percentage Points, Crude Trading Lower In The High 29
08Feb2016 Pre-Market Commentary: Oil Prices Falling, SPY Down One Percent, US Futures Sliding, Europ
Written by Steven Hansen
The National Federation of Independent Business's (NFIB) optimism index fell 1.3 points to 93.9 in January as a result of two important Indices declining. The NFIB says the Index is well below the 42-year average of 98. The market was expecting the index between 93.8 to 95.6 with consensus at 94.9 - versus the actual at 93.9.