Investment Markets Overview — W/E 27th February 2015

All eyes and ears were on Fed Chair Yellen this week, pouring over every word uttered by her during the semi-annual testimony to the Senate Banking Committee and the House Financial Services Committee, misguidedly hoping to glean just when market interest rates will rise. Yellen duly provided her part in the “dog and pony show,” stating that the economy is on solid ground, assisted by the falling oil price and continued lower unemployment expectations, whilst omitting to mention the “slowing GDP of late” and the likely spike in job losses forthcoming from the energy sector. Of perhaps more interest was the increased push by the Republican controlled Congress to audit the Fed’s monetary policy, questioning its independence from the administration and in particular the US Treasury department. When specifically asked about her weekly or near-weekly meetings with Treasury Secretary Lew, Janet replied, “I do not discuss monetary policy or actions we are going to take with the secretary,” going on to state that,” The Federal Reserve is independent and accountable to Congress,” and “Central bank independence in conducting monetary policy is considered a best practice around the world, beyond a shadow of a doubt, independent central banks perform better.” For an excellent free 30-page+ ebook called, “Understatnding the Fed,” click EWI.

27 February 15

Subscribe to the Full Investment Markets Overview Newsletter which contains the following:-

Additional Commentaries:
•US economic data . . .
•Euro-Zone . . .
•The UK . . .
•Out East . . .
•The $US index . . .
•Within the commodities complex . . .
•Economic data due next week includes . . .

Returning to the topic of “independent central banks,” which allegedly includes the Bank of England as well as the Fed, there was ……

Charts:
1. Indices Weekly
2. US CPI  V US GDP
3. UK House Prices V UK Morgages
4. Shanghai Comp V Oil Price
5.Commodity YTD  Moves

Table:

13 Indices, 11 columns of detailed information, for accurate analysis

“He who lobbies the most is treated more fairly.

Click Here to view Details of the full version of this Newsletter which includes full text and detailed

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