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The euro's exchange rate against the dollar will fall to $0.95 by 2017, taking the single currency back below parity for the first time in more than a decade, according to a report by Deutsche Bank. The call by Germany's biggest bank, the world's

For years, since the financial crisis, the Fed has used "Quantitative Easing" as a means of easing monetary policy. Quantitative Easing (or "QE") is the process by which the Fed buys government bonds in order to push down yields, add liquidity to the

It's no secret that the world is rapidly changing. "Twenty years ago, there were fewer than 3 million people with Internet access; now there are nearly 2.5 billion. Mice can grow human ears. Robots make cars. Guns can be manufactured with a 3-D

One would think that after last week's market rout, the worst in years, that Goldman clients would have just one question: why just a month after you, chief Goldman strategist David Kostin said to " Buy Stocks Because Hedge Funds Suck; Also Chase

For the American and British economies it has been a long road out of the woods, but the journey is nearing its end. America's unemployment rate fell below 6% in September. Britain's economy, where output was up 3.2% in the year to June, is growing

I really liked this piece by Matt DiLallo on why gold is so hated by Warren Buffett. He provides the juicy details, but I’ll give you the quick and dirty rundown: Gold is an unproductive asset. Gold is valuable largely because people believe it’s

Probably most people would agree that the people paid by the U.S. government to regulate Wall Street have had their difficulties. Most people would probably also agree on two reasons those difficulties seem only to be growing: an ever-more complex

The euro will weaken more than 5 percent against the dollar by June in a slide that option traders forecast will be slower than the tumble during Europe’s debt crisis in 2012, according to Nomura Holdings Inc. The CHART OF THE DAY shows that hedge

The euro hit fresh two-year lows against the U.S. dollar on Tuesday, as the release of disappointing euro zone consumer price inflation data fuelled further concerns over the threat of deflation in the region, while demand for the greenback remained

The euro fell to a two-year low against the dollar as slowing inflation in the 18 nations that share the currency boosts the case for extra stimulus from the European Central Bank to avert deflation. Already undermined by ECB President Mario Draghi’s

The European Central Bank meets tomorrow. The focus is on the details of the asset-backed securities and covered bond plan that was announced last month. There are three key issues related to this new initiative: What instruments will be purchased

Against a consensus expectation of 215,000, Goldman forecast a 230,000 increase in September nonfarm payroll employment and a one-tenth decline in the unemployment rate to 6.0% (vs. consensus 6.1%). Overall they think the available employment

It’s not just homeowners who have to worry about rising interest rates, the Federal government might soon get a taste of its own medicine. With the Fed doing all it can to stimulate inflation, increases to interest rates are taking a front seat

The U.K. government plans to sell the world’s first non-Chinese sovereign bond denominated in renminbi, to finance the nation’s foreign-currency reserves. The issue is a “real landmark in the development of the renminbi as an international currency,”

The pound, already suffering its worst month in more than a year, has the potential to tumble 10 percent should the Scots vote for independence from the U.K., according to economists surveyed by Bloomberg. A victory by Scottish First Minister Alex

At 2.61%, the yield on the 10-year U.S. Treasury note is at its highest level since July. But it's still extremely low. Folks like hedge fund manager David Tepper believe that yields are heading higher from here. But according to Deutsche Bank's

Yellen Looking For Consensus Like Ben Bernanke, Janet Yellen appears to be a leader in search of consensus. After artificially holding down interest rates and pumping gobs of money into the financial system, the Fed faces the near-impossible task of

RANsquawk Preview: FOMC Decision - 17th September 2014

Germany sold EUR 3.34 billion 2-year notes to a desparate-for-collateral, safe-haven-seeking, ECB QE-front-running, deflation-pricing market (with exceptional demand - an elevated 2.26x bid-to-cover) for a stunning -0.07% yield... an all-time record

The European Central Bank detailed plans on Thursday for changing the way the euro zone governors vote from next year, curbing smaller economies' potential influence in favor of big countries, like Germany. The move, triggered by the swelling of the