📑 Research Notes for 2022-10-03
This week, we look at an emergency Fed meeting, the U.K. financial challenges, Credit Suisse's liquidity, Putin's annexation, and China's next move.
We conduct extensive investment research and share the most interesting content that we come across every week. Here is a curated list of this week’s top observations.
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The Federal Reserve Holds An Emergency Meeting.
It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, October 3, 2022, will be held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board’s offices at 20th and C Streets, N.W., Washington, D.C. and by audio/video conference call. The following items of official Board business are tentatively scheduled to be considered at that meeting.
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Britain’s Financial Disaster Is A Warning To The World.
A toxic mix of politics, inflation and higher interest rates is threatening the financial system in the U.K., sending a shock wave through global markets and providing a warning to governments everywhere of the dangers of the new economic era we are entering.
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Credit Suisse Is at ‘Critical Moment’.
Credit Suisse Group AG’s Chief Executive Officer Ulrich Koerner said the bank is at a “critical moment” as it prepares for its latest overhaul, while stressing the bank’s strength.
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Putin Holds Rally for Annexation of Ukrainian Territories.
Russian President Vladimir Putin staged a concert in Moscow to celebrate the country's annexation of four regions in Ukraine.
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China State Banks To Prepare for a Massive Dollar Dump and Yuan Buying Spree.
The People's Bank of China has told major state-run banks to prepare to shed dollar holdings while snapping up offshore yuan, which has continued to fall despite prior interventions, sources told Reuters.
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Last Week’s Market Performance Heatmap
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Curated by Joseph Lu, CFA®
Joseph is the founder and a managing director of Conscious Capital Advisors, as well as a CFA® Charterholder.
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