Saturday, January 30, 2016

Economic News , Data & Views ( January 30 , 2016 ) Europe In Focus ( 1. NIRP / January Gov't Bond Rally & Other Yield Oddities. 2. Around The Horn - Items Of Note Touching On France , Germany & Poland . 3. Data Splash - Global 2 Year Yields , US Real GDP vs German Real GDP , Central Bank Watch - Everyone Else Easing But The Fed . 4. Refugee situation / Economic Migration / Border Security. 5. Brexit / UK-EU Negotiation. )



Europe Broadly.......







Thousands march in rain to protest










Negative is the new normal. After Jan govt bond rally - driven by ECB, BoJ - German Bund yields now neg out to 7yrs.

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German economy minister visits Poland to soothe gas pipeline fears
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The Negative Side of Negative Rates - won't increase lending, only has currency effect











More goodies from Iranian president Hassan Rouhani's visit to Paris.
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US Real GDP: +1.8% yoy German Real GDP: +1.7% yoy The massive differential in rates...can this persist?
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New all-time lows in 2-yr yields today in:
Sweden Germany Netherlands Austria Finland Belgium France Ireland Japan

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Global 5-Year Yields... Switzerland: -73 bps Germany: -30 bps France: -13 bps Japan: -6 bps US: +137 bps
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U.S. is the only developed country in the world with a tightening monetary policy bias. Everyone else: still easing.
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Refugee Situation / Economic Migration / Border security








Up to 100 masked men, dressed in black, involved in "migrant attack" in Stockholm



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Two Swedish PMs to be called to scrutiny committee to justify handling of immigration.
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Ten dead, several missing as migrant boat sinks off Turkey












Masked marchers beat migrants in first far-right backlash to refugee stabbing


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Turkey wants more money from EU for refugee aid: report











Attacks on refugee homes in Germany 2015: 1,005 2014: 199
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Greek Registration Centers: Why Refugee 'Hotspots' Aren't... via



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Swedish police called to 5,000 migrant incidents in four months.


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Brexit / UK Negotiation With EU.....












MUST READ: A 'tour de force' from on why the EU is redundant in a globalised world












Progress but ‘not enough’ on Brexit talks:












There is a 'long way to go' to reach an EU reform deal, says David Cameron as talks continue with Brussels.
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EU talks going UK's way, says David Cameron on eve of key weekend - The Guardian














🇬🇧 More than half of voters back the UK staying in the European Union, latest poll says (Sky News)










David Cameron: EU benefit reforms are 'not good enough' – video via
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At last: a useful Brexit poll - on the generation gap in views on Europe













Give us a brake: so far Cameron has little to show from EU talks via
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Cameron tight-lipped on possible ‘emergency brake’ in Brexit neg... via


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