Payrolls
were bad, and most commentators are now expecting more QE from the Fed. Next
week’s calendar is
packed with risk events. I’ll try to formalize my market views during the
weekend.
Previously
on MoreLiver’s:
Roundups and Commentary
News – Between The
Hedges
Markets – Between
The Hedges
Recap –
Global Macro Trading
The Closer
– alphaville / FT
Roundup – A
View From My Screens
The T
Report: Now What? – TF Market
Advisors
Tyler’s US Summary – ZH
Stocks
Spike In (And After) Close To New Post-2008 High As Volume Resumes Slide
Reference
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
USA: NON-FARM PAYROLLS
August
Employment Report: 96,000 Jobs, 8.1% Unemployment Rate – Calculated
Risk
Employment:
Another Weak Report (more graphs) – Calculated
Risk
Those Not
in Labor Force Rises by Spectacular 581,000 – Mish’s
More of the
same, unfortunately – Free
exchange / The Economist
Jobs Data
Disappoints, Ignore Drop in Unemployment Rate – Marc
to Market
US - employment report supports case
for QE3 – Danske
Bank (pdf)
Payrolls
lame again but mkts only care about… – The
Big Picture
August
payrolls 96,000 and unemployment rate declines to 8.1 per cent – alphaville
/ FT
US Non-Farm Payrolls – BNY Mellon
US Non-Farm Payrolls – BNY Mellon
A New Old
Story For Jobs: Slow Growth – The
Capital Spectator
What you
need to know about today’s jobs report – Fabius
Maximus
U.S. Employment Situation – August 2012 –
Global
Macro Monitor
The Jobs
Report – Economist’s
View
Bad Jobs
Report Boosts QE3 Hopes – MarketBeat
/ WSJ
Another Jobs Disappointment – Tim Duy’s Fed Watch
Another Jobs Disappointment – Tim Duy’s Fed Watch
The August
Employment Report – Econbrowser
Discouraged
workers are not why unemployment fell – Wonkblog
/ WP
The young
are leaving the labor force, the old are flocking to it – Wonkblog
/ WP
Goldman's
Prepared NFP Kneejerk Reponse: "QE Probability Now Above 50%" – ZH
With
today’s August employment report showing a nonfarm payroll gain of 96,000 and
an unemployment rate of 8.1% because of a drop in the participation rate, we
expect a return to unsterilized and probably open-ended asset purchases at the
September 12-13 FOMC meeting.