While all eyes are on the Federal Reserve today as the market awaits clues into when the central bank will begin slowing its liquidity provisions, China's central bank continues its own snugging operation, keeping the money market rates at lofty levels. Rather than inject liquidity into the money markets, as the banks were clamoring for, the PBOC drained CNY2 bln ...

China cash crunch deepens as PBOC withholds funding (FT), just a week behind ZH Platts in hot manipulated crude again: Traders Try to Game Platts Oil-Price Benchmarks (WSJ) Kabul Suspends Security Talks With U.S., jeopardizing plans to maintain a U.S. military presence (WSJ) Afghan government irked over U.S. talks with Taliban (Reuters) BOJ Kuroda: BOJ to Adjust Policy If Japan ...

Kyle Bass covers three critical topics in this excellent in-depth interview before turning to a very wide-ranging and interesting Q&A session. The topics he focuses on are Central bank expansion (with a mind-numbing array of awe-full numbers to explain just where the $10 trillion of freshly created money has gone), Japan's near-term outlook ("the next 18 months in Japan will ...

All eyes and ears will be on Ben Bernanke and the Federal Reserve tomorrow as it wraps up its two-day Federal Open Market Committee (FOMC) meeting and updates us on the direction of monetary policy. Investors and traders will be listening for any clues regarding the "tapering," or gradual reduction, of the Fed's quantitative easing, or bond-buying, program. In a ...

While many impartial observers have been lamenting the death of Abenomics now that the Nikkei - essentially the only favorable indicator resulting from the coordinated and unprecedented action by the Japanese government and its less than independent central bank - has peaked and dropped 20% from the highs, Wall Street was largely mum on its Abenomics scorecard. This changed overnight ...