World economy talk

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US 10 yr yield hits 2.9%

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emerging market currencies falling against the dollar

outflow from emerging markets resume

remember May-June this yr

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the nasdaq is broken

[dreamur]

the nasdaq is broken

Glitch? It resumed after a few hours.

Sent from my GT-N7100 using Tapatalk 4

[Monseratto]

PSEi opened after 3 day close... Down 389.22(5.96%)

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Trading Resumes in Nasdaq-Listed Securities - WSJ.com

A technical glitch knocked out trading in all Nasdaq Stock Market securities for three hours Thursday afternoon, an unprecedented meltdown for a U.S. exchange that paralyzed a broad swath of markets and highlighted the fragility of the financial world's electronic backbone.

Nasdaq officials scrambled to figure out what happened and resume trading. They shared few of their findings with trading firms or the public during regular trading hours, sowing confusion across Wall Street and leaving many investors frustrated.

The decision to reopen trading with about 35 minutes to go before the close came after exchange officials were sure that banks and brokers had enough time to prepare for securities to trade again, people familiar with the discussions said. Some hiccups persisted after Nasdaq reopened trading, though Nasdaq told traders that the markets closed normally Thursday.

the operator of Nasdaq -- Nasdaq OMX Group Inc -- was shown no mercy

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damage so far this month on SEA equities

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on concerns the Fed pulling back QE will have negative effects on emerging markets...

not the Fed's problem

http://www.bloomberg.com/news/2013-0...per-looms.html

“You have to remember that we are a legal creature of Congress and that we only have a mandate to concern ourselves with the interest of the United States,” Dennis Lockhart, president of the Atlanta Fed, told Bloomberg Television’s Michael McKee. “Other countries simply have to take that as a reality and adjust to us if that’s something important for their economies.”

James Bullard, president of the St. Louis Fed, said in an interview with Bloomberg Radio that the domestic economy is the primary objective of policy. “We’re not going to make policy based on emerging-market volatility alone,” he said.

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US 10 yr yield falls on safe haven bid

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volatility up

VXX (an ETN that tracks volatility in the markets as measured by VIX)

[Monseratto]

Is staying liquid for now the right thing to do??

'This is not a repeat of 1997 Asian financial crisis'

ABS-CBNnews.com
Posted at 08/28/2013 2:39 PM | Updated as of 08/28/2013 3:53 PM
MANILA, Philippines - Is emerging Asia on the brink of another financial crisis?

Standard & Poor's Ratings Services doesn't think so.

In a statement, S&P said the market turbulence is driven largely by uncertainties around the timing US Federal Reserve's taper, as well as the recent cut in growth forecasts for Asia, including China.

"The road may be rocky in the near term, particularly for the largest deficit countries — India and Indonesia — but we don't think this is the Asian crisis all over again,” Paul Gruenwald, S&P Asia-Pacific chief economist said.

He said financial markets are pricing in a different path for US monetary policy. As this happens, he noted Asian economies, including the Philippines, would likely see bouts of volatility, as well as weaker currencies, lower asset prices, and subdued sentiment and growth.

"But, in our view, this is not a repeat of the 1997 Asian financial crisis,” Gruenwald said.

S&P's chief economist noted that emerging Asian economies' external positions are much stronger, and the region’s central banks are also not defending their exchange rates.

"In addition, the increase in leverage over the past five years has been moderate in the economies with high external risks," he said.

"External financing risks arise from the financing mix of domestic investment and growth. The key metric here is the current account balance, which reflects not only exports less imports of goods and services but savings less investment."

However, economies with a current account deficit, may need to borrow from the rest of the world.

"In times of normal risk appetite, this dependency may not be a problem. However, when markets become risk averse, economies with current account deficits often find themselves facing external financing pressure,” he said.

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dollar in demand

[safeorigin]

Russian Navy in Mediterranean... smells like World War III

[jhnkvn]

Lots of unease sa Middle East thanks to Syria's alleged use of chemical weapons.. ohh.. so who'll be throwing missles first? The US? French? Probably NATO?

[yebo]

NATO? No Action Talk Only!

[Ry_Tower]

NATO? No Action Talk Only!

Oo nga naman, US ang starter dyan tapos either susunod iba or mapipilitan na lang. hehe

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September is gonna be an interesting month

the US Congress told Obama he has to get their approval first before he can strike Syria and that's exactly what he did --- Obama asks Congress to OK strike on Syria ---- so an immediate strike on Syria has been postponed. Congress is on recess. they'll be back Sept. 9

there's the Fed decision on reduction of bond purchases

there's the August jobs report

there's the US budget (there are 2 upcoming budget fights. the first will be this month where Congress must pass legislation to continue funding the government. if there's no "continuing resolution" the US govt will shut down. the second will be next month where the US Treasury must get approval from Congress to raise the borrowing limit. if the limit isnt raised the US govt will default)

there's the nomination of the next Fed chairman

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China manufacturing rebounds




http://uk.reuters.com/article/2013/0...98100U20130902

(Reuters) - China's factory activity expanded for the first time in four months in August as domestic demand rebounded, a private survey showed, a further sign that policymakers may have averted a sharp slowdown in the world's second-largest economy.

The final HSBC/Markit Purchasing Managers' Index (PMI) climbed to 50.1 in August, up sharply from July's 47.7 and in line with last week's flash reading.

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