MUST READS Fed faces a credibility problem – CNN/Money The Fed Should Be Clear and Raise Rates – Bloomberg Fed’s dot plot may signal dark economic times – MarketWatch Bank of Japan alters monetary policy to spur growth – BBC BOJ reboots policy to target interest rates, steps up inflation drive – Reuters OECD: Negative rates threaten global financial stability – MarketWatch Warren to Wells Fargo CEO: resign, give back earnings, submit to inquiry – Guardian Clinton weighs in on ‘deeply disturbing’ Wells Fargo scandal – Housing Wire EU Parliament President: ‘Trump Is a Problem for the Whole World’ – Spiegel AP FACT CHECK: Trump’s bogus birtherism claim about Clinton – AP The US has ‘evidence’ that Russian airstrikes hit an aid convoy in Syria – Vice News The Dangers of the Putin-Trump Relationship – The Atlantic
MARKETS/INVESTING Japan lifts markets; Fed up next; oil prices rise – CNN/Money These Securities Could Get Crushed If Fed Raises Rates – Forbes Yen pares losses after Bank of Japan decision; Fed outcome awaits – Bloomberg “The Big Short’s” Steve Eisman Reveals What The Next Big Short Is – Zero Hedge Fed Rate Increase: What Financial Advisors Should Tell Their Clients – Bloomberg Chart Of The Day: Are The Financial Markets Rigged Or What? – Contra Corner Investors can beat the Fed at its own game: Here’s how – USA Today Get ready for the mother of all stock market corrections – Telegraph Gold ticks higher after BOJ, awaits Fed decision – Reuters Gold Seen Entering a Long-Term Bull Cycle – Bloomberg
ECONOMY/WORLD/HOUSING/BANKING Household Net Worth: The “Real” Story – Advisor Perspectives Low unemployment could spur inflation — but when? – USA Today America is finally back on its feet but the poor are being left behind – Guardian Brexit vote has had ‘no major effect’ on the UK economy so far – BBC How Bad Off Is Oil-Rich Venezuela? It’s Buying U.S. Oil – NY Times Down and Out? How Merkel Could Win Re-Election Next Year – Spiegel Why Canadians Are Being Offered Cash to Abandon Their Homes – Bloomberg Prime London property prices to fall 9% this year, says Savills – Guardian 3 Major Headwinds For The Housing Market & Housing Stocks – Forbes What economists would ask Yellen if they attended the press conference – MarketWatch
