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Write a Squawk to Kim Steffensen
  • Article / 03 December 2014 at 11:30 GMT

    Macro Digest: ECB on brink of big mistake as Fed flunks inflation test

    Chief Economist & CIO / Saxo Bank
    Denmark
    The half-blind floundering and ineptitude of our policymakers is once again on public display. The Fed has done well in job creation but has failed the inflation test miserably. The ECB, meanwhile, is about to launch the biggest mistake in its history – QE for Europe. Why can't they understand that micro will work where macro won't?
    Read the article
    5y
    Robert458 Robert458
    Steen, what is the JABA model? The series labelled 10 year Bund yield in the JABA chart above doesn't seem to actually be the Bund yield even...
    5y
    michelkozah michelkozah
    Actually in my opinion there will be no QE, it is just some talks about it with traders shorting the euro to make it cheaper. This will...
    5y
    dina dina
    Political factors , elections, rise of the far-right parties, anti-brussels feelings are the main trends in France. Since France is a " powerhouse" to be counted in...
  • Article / 27 November 2014 at 13:00 GMT

    Macro Update: Good money after bad

    Chief Economist & CIO / Saxo Bank
    Denmark
    Macro Update: Good money after bad
    Looking around the world as 2014 comes to a close, Saxo Bank's chief economist Steen Jakobsen sees frustration, desperation and a lack of access to credit everywhere. According to Jakobsen (and contrary to some predictions), "the world is worse off, not better."
    Read the article
    5y
    Steen Jakobsen Steen Jakobsen
    Thkz Mickette. Very interesting
    5y
    Kim Steffensen Kim Steffensen
    When will we see this crash. With the DAX up now 11 days in a row and the Dow Jones shooting up like a rocket after the...
    5y
    nelsenkoff nelsenkoff
    This comment has been redacted
  • Article / 24 November 2014 at 3:05 GMT

    Draghi's prospects for fixing Eurozone in doubt

    Managing Partner / Spotlight Group
    United Kingdom
    Mario Draghi has sent a strong signal that the ECB is ready to expand its stimulus programme, to revive the flagging Eurozone economies. The plan is to boost asset purchases, thereby increasing the money flowing in the economy. This has raised hopes the ECB will acquire large amounts of government bonds. But this would reduce yields, and with it the prospect of reform.
    Read the article
    5y
    Stephen Pope Stephen Pope
    Outright Monetary Transactions ... At the end of June 2012 Draghi said he would donly everything required to save the Euro. Then in September that...
    5y
    Juhani Huopainen Juhani Huopainen
    Most notable is that the OMT was caused by an accident - Draghi's "whatever it takes"-comment was not planned nor cleared by the ECB. As markets thought...
    5y
    Stephen Pope Stephen Pope
    Which tends to sum up the ECB. Ill prepared, in denial, too little too late. Draghi has had his head turned by the success of OMT. September...
  • 5y
    Kim Steffensen Kim Steffensen
    What effect do you think ECB buying corporate bonds will have on the markets?
    5y
    Dimitrios Tamvakas Dimitrios Tamvakas
    Never go gainst Central banks...and ECB in this case...
    5y
    Sinfors Sinfors
    Well,well. The world goes down......
  • Squawk / 15 October 2014 at 21:19 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Netflix plunges by more than 25% in after-hours as new members fall short.
    (MarketWatch) -- Netflix Inc. on Wednesday reported a third-quarter profit of $59 million, or 96 cents a share, compared with earnings of $32 million, or 52 cents a share a year ago. Revenue from video-streaming rose to $1.22 billion from $884 million in the third quarter of 2013. Analysts surveyed by FactSet had forecast Netflix to earn 92 cents a share, with total revenue, including DVD subscriptions, of $1.41 billion. Netflix fell short of its forecast of 3.69 million new streaming subscribers and added 3.02 million new members during the quarter. Netflix said it "over-forecasted" membership growth, and said new additions in the U.S. were down from a year ago due to a price increase the company recently implemented.
    Read the Squawk
    5y
    Kim Steffensen Kim Steffensen
    I think this fall is a buying opportunity - Netflix is expanding abroad at a fast rate, plenty of growth opportunities still to come
    5y
    Ole Hansen Ole Hansen
    With HBO also announcing their entrance into the streaming video market growth will increasingly have to come abroad. http://www.washingtonpost.com/news/business/wp/2014/10/15/hbo-is-launching-a-stand-alone-streaming-service-in-2015/
  • 5y
    Kim Steffensen Kim Steffensen
    Very good analysis, but why do you think that US non farm payroll figures are useless?
    5y
    Steen Jakobsen Steen Jakobsen
    Hi Kim - well first off the corrections to non-farm is almost as big as number themselves - AND - often misleading.. last time around most jobs...
    5y
    nf1204 nf1204
    Kim: Payroll doesn't tell much. Participation rate tells us that a lot of people is forced out of the statistics.
    Participation rate hasn't been this low since 1980.
    http://research.stlouisfed.org/fred2/series/CIVPART...
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