Daily Kickstart (US Payrolls Awaited, China Tightens, BoJ Flouts Trump)

“Non-Farm Friday is no time to plead exhaustion,” Bloomberg’s Richard Breslow wrote earlier this morning as we look to close out a rather trying week (mentally anyway) on a high note in the US.  We’ll get payrolls on Friday and the market will be eyeing the report even more closely than usual, as we look…

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Echoes Of Massive Money Market Reform

One of the things I try (hopefully with some measure of success) to do is make seemingly esoteric and/or complicated concepts easier to understand. More importantly, I try to make it clear why they matter. The ironic thing about “niche” markets (i.e. things that only the “pros” know or care about) is that they really…

Friday Chart Check: “What Stress?”

It’s probably nothing…

Mayhem In Money Markets: China Warns Investors Not To “Underestimate” The Danger

The complexity of the situation shouldn’t be underestimated. That’s a quote from the PBoC emphasizing just how difficult the Chinese central bank’s job has become. “China will give higher priority to balance between tightening and easing and keeping the monetary policy neutral,” officials said, in a statement following the quarterly meeting of the monetary policy committee.…