1. Asia – more stimulus coming in China later this month as this year policy eased on 4 Feb, 20 April, 28 June, 26 August, 24 October - so every even month is a policy easing month?! (h/t @simonting for this observation). Certainly the noises coming out of the Xinhua news agency re ‘accommodative’ fiscal and monetary policy would be consistent with this.
Japan – still a sluggish growth backdrop:
Japanese Gov't Sees Recent Stimulus Package Adding 0.6 Ppt To Growth Over Next 3 Years – RTRS
Japan Gov’t Sees 1.7% Growth In FY16 After 1.2% In FY15 – BBG
Every investor still loves Japan though…hmm.
2. I published a new posting on ShareProphets titled: "How Greece saved my 2015 tips dullness" (link here).
3. I wrote up some thoughts on one of the few reporters this week: Paychex (link here).
A couple of tweets to finish up...
5. Meanwhile US Q3 growth statistical updates were hardly rampant...
...continuing the tradition of missing hopes...
(h/t @ValueWalk)
...but looking at the detail the old combination of negative net exports (thanks the strong US dollar) and a negative contribution from inventories were influential. Underlying domestic final demand was actually...ok.
No comments:
Post a Comment