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Culture of Greed and Arrogance: Minutes Show Bank of England was Aware of Currency Rigging Eight Years Ago

MishTalk

Lawmakers will grill Carney tomorrow after the BOE suspended an employee and released minutes of meetings showing officials knew of concerns the foreign-exchange market was being rigged almost eight years ago. It was noticeably silent on what the Bank knew about other FX market participants.” trillion-a-day foreign-exchange market.

Banking 75
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Fed a Creature of Financial Markets; The Draghi PUT; Global Crisis Coming Up

MishTalk

Creature of Financial Markets Stephen Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, blasts the Greenspan Fed, the Bernanke Fed, and the Yellen Fed in his latest post The Perils of Fed Gradualism. A majority of financial market participants applaud this strategy. In fact, it is a dangerous mistake.

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3 Steps to Cultivate an Innovation Culture

Organizational Talent Consulting

A financial services company engaged in investment banking and capital markets estimated the customer benefit of the Space X Falcon 9 reusable rocket. Market Culture creates a competitive, fast-paced, results-oriented environment. Benchmarking in the process of creating a culture of innovation in hotel companies. Bishop, D., &

Culture 52
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Argentine Central Bank Chief Quits in Currency Dispute; Hyperinflation On the Way?

MishTalk

There was a sharp sell-off in the benchmark Merval stock index after Mr Fábrega’s departure was announced. Black Market Rate Shows 78% Decline The black market exchange rate is about 14 pesos to the dollar. Here''s a Black Market exchange rate chart form the Wall Street Journal as of the end of August.

Banking 69
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Dollar Based Loans Jump 600% in Saudi Arabia as Companies Raise Cash; No Risk Unless

MishTalk

Saudi Arabia, OPEC’s biggest crude exporter, is tapping local debt capital markets with long-term bonds for the first time in eight years to plug a growing budget deficit. Saibor was at 0.8775 percent on Tuesday, compared with 0.332 percent for the London Interbank Offered Rate, which is used as a benchmark for many dollar loans.

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Hey Janet, It's July 15!

MishTalk

On the economy, Yellen said, "Prospects are favorable for further improvement in the US labor market and the economy more broadly. She didn't provide more specifics about the timing of the first hike in the Fed's benchmark rate since 2006, reiterating that it will depend on the progress shown by the economy and labor market.

Retail 28
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Reflections on the "Sure Trade" of 2014; Yield Curve Inversion Possible? Five "Sure Things" for 2015?

MishTalk

The bond market does not believe the recovery will strengthen and neither do I. The typical sign of recession, an inverted yield curve with 3-month treasuries yielding more than 30-year treasuries (we saw in 2000 and again in 2006-2007) is not going to happen in the absence of rate hikes. Neither is happening. Yield Curve Inversion?

Retail 28