Salient to Investors:

  • Steen Jakobsen at Saxo Bank said we have reached the part of the cycle where bad news is bad news – for years we have been trading on monetary policy and now we have to deal with real economic problems.
  • James Bullard at FRB St. Louis said the Fed should consider delaying the end of its bond purchases to halt a decline in inflation expectations.
  • Jeremy Batstone-Carr at Charles Stanley cites concerns over global growth and inflation in the wake of a slew of negative data, and the likelihood that earnings expectations, already lowered for Q3, will have to be lowered again for Q4.

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