Posts from Friday Jan 4 2013

Debt ceiling dealing drama

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

Learn more

| Subscribe to Cardiff's posts
| Jan 04 20:44 | Comment |

If you were in search of some light weekend reading, we’ve got just the thing (click for pdf):

 Read more

One more thought on the payrolls report

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

Learn more

| Subscribe to Cardiff's posts
| Jan 04 16:23 | Comment |

Consider all that has either influenced the US economy or at least made big headlines in the last two years — winter accelerations seemingly crashing into spring slowdowns; a debt ceiling debate coinciding with a debt downgrade; a supply chain disruption caused by the Japanese earthquake; commodity and gas price spikes; fiscal drag at both the federal and state levels; a dramatically evolving monetary policy framework; an election and fiscal cliff battle; a perpetual near-disaster in Europe and slowing emerging market growth.

In that light, the following line in today’s payrolls report is worth a quick remark: Read more

Financial punditry reportedly criminalised in Turkey

Paul Murphy is the founding editor of FT Alphaville.

Learn more

Subscribe to Paul's posts
| Jan 04 15:32 | Comment |

Bloomberg states that Turkey’s new Capital Markets Law, enacted at the turn of the year, promises harsh punishment for… Read more

December payrolls: +155,000, unemployment rate 7.8 per cent

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

Learn more

| Subscribe to Cardiff's posts
| Jan 04 13:41 | Comment |

Very close to estimates and roughly in line with the prior two months. The highlights from the report:

Nonfarm payroll employment rose by 155,000 in December, and the unemployment rate was unchanged at 7.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, food services and drinking places, construction, and manufacturing. Read more

In defence of Latvia

Masa joined the FT in 2009 and has worked on a number of desks across the paper, including Companies, Markets and Comment. She spent much of 2010 in New York covering the US equity markets. But earlier this year she finally saw the light and moved to Alphaville.

She started her career in the investment banking division at Lehman Brothers in the summer of 2007, timing it perfectly with the beginning of the credit crunch.

She studied philosophy, politics and economics at Oxford University.

Learn more

Subscribe to Masa's posts
| Jan 04 12:38 | Comment |

It’s fair to say that Latvia’s post-crisis economic trajectory divides opinion. Some see its ultra-austerity approach as a triumph, others as deeply regressive. But it’s hard to argue with the notion that the country has taken a lot of pain and that things are gradually improving. Read more

Markets Live: Friday, 4th January, 2013

Paul Murphy is the founding editor of FT Alphaville.

Learn more

Subscribe to Paul's posts
| Jan 04 11:01 | Comment |
This is a Markets Live transcript. Read more

Live markets commentary from FT.com 

The (early) Lunch Wrap

Masa joined the FT in 2009 and has worked on a number of desks across the paper, including Companies, Markets and Comment. She spent much of 2010 in New York covering the US equity markets. But earlier this year she finally saw the light and moved to Alphaville.

She started her career in the investment banking division at Lehman Brothers in the summer of 2007, timing it perfectly with the beginning of the credit crunch.

She studied philosophy, politics and economics at Oxford University.

Learn more

Subscribe to Masa's posts
| Jan 04 10:46 | Comment |

US clears Google’s core search business || Chávez battles ‘severe’ lung infection || Labour eyes pension grab to fund jobs || BMW beats Mercedes and Toyota in the US || Transocean in $1.4bn Gulf settlement || Markets update || A stock exchange crash, in Japan || FOMC minutes || Fairytale of New York — in pari passu, anyway || Operating leases – the old skool of off balance sheet vehicles Read more

A stock exchange crash, in Japan

Paul Murphy is the founding editor of FT Alphaville.

Learn more

Subscribe to Paul's posts
| Jan 04 10:36 | Comment |

It’s the first day of dealings in the new-fangled Japan Exchange Group following the slow-motion merger of the previously unlisted Tokyo Stock Exchange and the listed Osaka Securities Exchange, slated to create the world’s third largest bourse. And the first day has proved to be un-clever, with stock number 8697 down 9.42 per cent at the close in Japan… Read more

Further reading

Masa joined the FT in 2009 and has worked on a number of desks across the paper, including Companies, Markets and Comment. She spent much of 2010 in New York covering the US equity markets. But earlier this year she finally saw the light and moved to Alphaville.

She started her career in the investment banking division at Lehman Brothers in the summer of 2007, timing it perfectly with the beginning of the credit crunch.

She studied philosophy, politics and economics at Oxford University.

Learn more

Subscribe to Masa's posts
| Jan 04 08:17 | Comment |

Elsewhere on Friday,

- Explaining the new tell-all Fed.

- And why it triggered a sharp Treasury sell-off.

- Has Ricardian Equivalence killed the Pigou effect? Read more

The London 6am Cut

| Jan 04 05:46 | Comment |

Japan markets surge after holiday; rest of Asia falls || Fed minutes show division over more asset purchases || FTC ends Google antitrust investigation || Matthew Martoma pleads not guilty || The $1tn platinum coin debate is here Read more