IMF Spring Meetings: Uncertainties, China, Brexit, Geopolitical Risks (video)

Lagarde Says Political Uncertainties Threaten Global Growth: 

International Monetary Fund (IMF) Managing Director Christine Lagarde talks about uncertainty surrounding "Brexit" debate in the U.K. and the top geopolitical risks she sees for 2016. She speaks with Francine Lacqua on "The Pulse." Published April 5, 2016

IMF Spring Meetings, Washington, D.C., April 15-17, 2016:

    Above video: 2016 Spring Meetings promo

G20 finance ministers gather in Washington to discuss world economy problems, earnings season begins for the troubled US banking sector, and GDP data will focus concern on China's cooling growth prospects. Seb Morton-Clark reports for FT.com (April 10, 2016).

International Monetary Fund, Washington, D.C., commonly referred to as the IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s. The IMF's responsibilities: The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.

IMF Governance structure: Board of Governors
Domain: imf.org
Official language: English
Membership: 188 countries
Parent organization: United Nations

IMF -- About: "The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Created in 1945, the IMF is governed by and accountable to the 188 countries that make up its near-global membership."

Tweets by @IMFNews

See also on Domain Mondo: Will the UK Leave the EU? Brexit Is More Likely Than You Think (video)


Follow @DomainMondo

DISCLAIMER

Back to square one? US Economy Now Driving Global Growth (video)

Back to square one? | Authers' Note -John Authers reports on US GDP numbers that eased recession fears. (FT.com, Feb 26, 2016)

@zerohedge "You don't buy GDP futures. You buy S&P 500 futures."
So Jonathan Golub is dead wrong on this.

— Douglas Kass (@DougKass) February 24, 2016

S&P 500 futures signal more stock losses on oil as banks slide https://t.co/QvnDiYSi7X pic.twitter.com/GV6OWwZ1DU

— Bloomberg Business (@business) February 24, 2016

S&P 500 Index 3-month chart (source: google.com)

Finally, ICYMI--Warren Buffett’s 50th annual letter to shareholders--BerkshireHathaway.com (pdf)

Follow @DomainMondo

DISCLAIMER

Downside of FED Rate Hike: Dollar Strength vs Global Growth (videos)

Dollar strength destroying global growth | FT Markets - The strong dollar is destroying global growth, says Michael Power, strategist with Investec Asset Management. He explains to EM Squared editor Jonathan Wheatley why the IMF's way of measuring growth using purchasing power parity is out of touch with the real economy. Published on Nov 18, 2015

Domain name: investecassetmanagement.com



Emerging currency pressures | Authers' Note - John Authers on emerging market currencies as everyone prepares for higher rates from the Federal Reserve. [Published Dec 10, 2015, by the Financial Times.]

US Federal Reserve FOMC is expected to announce its decision Wednesday, December 16, 2015. Last week traders were placing an 80 percent probability that the Federal Reserve will raise rates (which has not happened since June 2006, according to data compiled by Bloomberg). Even Jeffrey Gundlach, CEO of LA-based DoubleLine Capital (doubleline.com), which has about $80 billion under management, indicated during a webcast last Tuesday that the US Federal Reserve FOMC appears “hell-bent” on a rate hike despite weak economic signals such as gross domestic product.

#ratehike Tweets

Follow @DomainMondo

DISCLAIMER

52% of Global Growth 2014-16 from China and US; India 3rd at 6.5%

Courtesy of: Visual Capitalist

Chart above: 52% of Global Growth 2014-16 from China (30.3%) + US (21.7%), followed by:
India (6.5%)
UK (3.1%)
Germany (2.7%)
Indonesia (2.2%)
South Korea (2.0%)
Australia (2.0%)
Canada (1.9%)
Japan (1.6%)
Mexico (1.6%)
Nigeria (1.3%)
France (1.2%)
Turkey (1.2%)
Spain (1.2%)
Saudi Arabia (1.0%)
with the remaining 18.5% from Others.

In an analysis conducted by the Boston Consulting Group, 52% of all global growth between 2014-2016 can be attributed to China and the United States. While China may be slowing and U.S. growth isn’t what it used to be, these two economies still dominate due to sheer size and impact. While India is contributing 6.5% of global growth during this time period, Russia has struggled since oil prices collapsed, and is negatively impacting global growth by contracting -1.3% through 2016. The remaining BRIC, Brazil, has flatlined and is contributing 0.0% to world economic growth in the same timeframe.

Follow @DomainMondo

DISCLAIMER

Did The Fed Just Signal A Deteriorating Global Economy Into 2016 (videos)

Video above: Federal Reserve Leaves Interest Rates Unchanged on Sept 17, 2015 - Federal Reserve officials left interest rates unchanged, opting to delay an increase amid stubbornly low inflation, an uncertain outlook for global growth and recent financial-market turmoil.


FOMC Chair Janet Yellen: Global Outlook Is Uncertain (video above)

Press Conference below:


Above Video: Press Conference with Chair of the FOMC, Janet L. Yellen, September 17, 2015

And the markets? S&P500 falls (see chart below)--did the Fed just send us a signal that the global economy is going to get worse--including China and Europe?

One day chart: S&P 500 closed down Sept 17, 2015 (source: google.com)

Go to federalreserve.gov for more information including the FOMC Statement

see also: Wall Street and the World Are Watching: Will the Fed Make Its Move Now?

Follow @DomainMondo

DISCLAIMER

China, Slowing Economy, Global Concerns (video)

UPDATE: China Just Killed the World's Biggest Stock-Index Futures Market to Stop a $5 trillion equity rout.

China Just Killed the World's Biggest Stock-Index Futures Market http://t.co/vaxiur4SxY via @business

— Domain Mondo (@DomainMondo) September 8, 2015

China: What are the Global Concerns? (video above, September 4, 2015)

China has sought to ease concerns that its slowing economy could drag down global growth and has also signaled it won’t get dragged into tit-for-tat currency valuations. Emerging markets from China to Brazil have slid amid declining trade, mounting debt, falling commodity prices and a rising U.S. dollar.

SHCOMP - Shanghai Stock Exchange Composite Index - Bloomberg Markets:
SHCOMP:IND 3,080.420 DOWN -79.747 -2.52% (September 7, 2015)

A dissection of the slowdown of the world’s second-largest economy and talk about the equity rout which erased $5 trillion of value was a focal point at the meeting of global policy makers [G-20] in Ankara. That wasn’t enough for Aso, who said that the discussions hadn’t been constructive... “It’s clear there are problems in the Chinese market, and at today’s G-20 meeting, many people other than myself also expressed that opinion,” Aso said after a meeting of finance chiefs and central bank governors. The PBOC [China's Central Bank] shocked global markets by allowing the biggest yuan depreciation in two decades on Aug. 11 ... “ (source: Washington Post/Bloomberg)

China's Currency Stash Drops by $94 Billion After Devaluation - Bloomberg Business: "“The central bank won’t be so stupid to let its foreign-exchange reserves shrink by $100 billion every month,” said Li Jie, head of the foreign-exchange reserve research center at the Central University of Finance and Economics in Beijing. “If the market really wants the yuan to weaken, the PBOC may say ‘ok, let it be’ and reduce its intervention.”"

"The high costs associated with maintaining the yuan’s peg to the U.S. dollar amid weakening economic data prompted a startling currency devaluation by China on Aug 11. Since then, the move has come to be viewed as the proximate cause for the upheaval in financial markets over the past month, and led to devaluations from other nations with fixed exchange rates. Capital outflows have been Chinese policymakers’ biggest headache. These waves of money leaving the world’s second-largest economy are a source of downward pressure on the yuan and have a deleterious effect on domestic liquidity – the last thing a nation that’s enjoyed an extended run of buoyant, credit-fueled growth needs." --Bloomberg Business

Is This the China Hard Landing Investors Fear? - video below:
Auerbach Grayson (agco.com) Head of Asian Equities Simon Male discusses the China slowdown. Bloomberg's Michael Regan also speaks on "Bloomberg Markets" September 1st.


Follow @DomainMondo

DISCLAIMER