The Daily Shot 12/17/15: Global Macro Currents Dec17

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Greetings,We begin with the United States where the Federal Reserve delivered “liftoff” as expected. Here are some market reactions. 1. As discussed yesterday, overall this wasn’t much of a market event since a great deal of the policy change has been priced in. The chart below shows Fed Funds futures implied rate curve before and

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The Daily Shot 12/10/15: Global Macro Currents Dec10

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Greetings, We start with the Eurozone where Germany posted higher than expected trade surplus. Here is the long-term trend. While this tells us that the German export sector remains robust, these trade imbalances create longer-term risks for the Eurozone. Germany needs to boost domestic spending. Source: Investing.com Many in the Eurozone complain about austerity. However, looking

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