Video above published Mar 14, 2017, by Bloomberg.com: The Federal Open Market Committee began its two-day meeting on Tuesday with markets 100 percent convinced the Fed will raise interest rates. Now the question becomes, how the Fed's rate path may progress from here. Bloomberg's Matthew Boesler is joined by Greg Peters, senior portfolio manager at PGIM, on "Bloomberg Daybreak: Americas."
U.K.'s May Says Brexit Bill Becomes Law in 'Coming Days'
Video above published Mar 14, 2017, by Bloomberg.com: U.K. Prime Minister Theresa May announced in a statement before the House of Commons that she is on track to trigger Brexit by the end of the month and her Brexit bill will become law within the "coming days."
Dutch Election: Why It Matters
Video above published on Mar 13, 2017: After Brexit and Donald Trump, will the Netherlands be next to upset the status quo? The Dutch are heading to the polls on March 15, and the election is seen as an important test for the future of the European Union. WSJ.com's Niki Blasina reports.
See also: Netherlands Vote Wednesday: Analyzing the Turkey Effect; How Many Parties Will Take to Form A Coalition? | MishTalk: "Don’t Hold Your Breath"
UPDATE 15 Mar 2017: exit polls show Rutte controlling 31 seats, 10 fewer than his party won in the 2012, while 3 parties each won 19: pro-EU center party D66, Christian Democrat CDA, and Wilders' Party for Freedom. Rutte has said he would not rule with Wilders, so the question becomes how he can acquire the necessary 75-seat coalition, which may take months of talks before a new government can be formed.
Meanwhile the latest news about the coming French election: French presidential candidate Francois Fillon charged with misuse of public funds (video) one day before his scheduled questioning in the matter, reports Bloomberg's Mark Barton on "Bloomberg Markets."
Why Robert Shiller Is Worried About the Trump Rally | Bloomberg.com: "Ethan Harris, Bank of America Merrill Lynch’s global economist in New York. Like the fable of the boy who cried wolf, Harris says pessimistic forecasters have so badly over-estimated the consequences of big events -- the rolling European debt crisis since 2010, the U.S. debt-ceiling standoff in 2011, Brexit in 2016 -- that traders have become conditioned to ignore them."
"Shiller says when markets are as buoyant as they are now, resisting the urge to pile in is hard regardless of what else might be happening in society. “I was tempted to do it, too,” he says. “Trump keeps talking about a new spirit for America and so you could (A) believe that or (B) you could believe that other investors believe that.” On whether stocks are nearing a top, Shiller can’t say with any certainty. He’s loathe to make short-term forecasts."
Caveat Emptor!
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