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- Wall Street expects some kind of stimulus from Fed
Almost all of the household name Wall Street banks expect the Federal Reserve to embrace some kind of policy accommodation to boost the economy at its meeting this week after the recent weak employment data. However, some expect measures less dramatic than a full-blown third round of quantitative easing with the central bank significantly expanding its balance sheet through asset buying. The Wall Street Journal/MarketBeat blog
(9/10)      
| Industry Update | | |
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- Corporations have a bonanza in the bond market
Companies borrowed more in the U.S. bond market Monday than they have on any single day since Sept. 8, 2010 -- enough to make it the third-busiest day since 1995. It's possible there could be more coming later in the week. Walgreen led the pack, which together sold about $19 billion in debt. The European bond market was similarly active. The Wall Street Journal
(9/10)
- Is a Treasurys "flash crash" in our future?
With as much as half of the daily volume in Treasurys subject to high-speed trading, they could experience a so-called flash crash, experts warned. The huge volume in the market makes Treasurys "very fertile ground for high-frequency market making," said Justin Schack, a managing director at Rosenblatt Securities. "... It's been less profitable for high-frequency firms to trade equities, so these firms are looking at other asset classes." CNNMoney
(9/10)
| New York Focus | | |
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- New York City, state break deadlock delaying Sept. 11 museum
New York City and state officials have reached agreement on a deal that resolves the conflicts that have delayed completion of a museum commemorating the Sept. 11, 2001, terrorist attacks. The agreement requires final approval by the Board of Commissioners of the Port Authority of New York and New Jersey that could come as soon as Sept. 20. The Wall Street Journal
(9/10)
| Career Development | | |
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- Cutting back can translate into long-term success
Reducing workload, staff, priorities and even customers can be surprisingly effective for long-term success, Anthony Tjan writes. In business-speak, such actions are described as "focus," "alignment" or "prioritization," Tjan writes. "These words imply the need to edit, clarify, and rethink, but aren't as direct as asking someone to subtract,” he writes. Harvard Business Review online/HBR Blog Network (free registration)
(9/5)
| People & Personalities | | |
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- Speculation mounts that Schapiro will leave SEC
Regardless of who wins the U.S. presidential election, speculation is mounting that Mary Schapiro will leave as chairman of the Securities and Exchange Commission -- likely of her own accord. "Who could blame her for leaving?" said Barbara Roper of the Consumer Federation of America. "She's operating under incredible pressure, and I think she'd be the first to say she's disappointed with her legacy." InvestmentNews (free registration)
(9/9)
- New Barclays chief embraces full-range banking model
Although Barclays will run units through a "reputational risk" test to reduce regulatory scrutiny, CEO Antony Jenkins said the bank remains committed to universal banking, including on the investment side. "I have and continue to be a supporter of Barclays' universal-banking model," Jenkins said. "Our portfolio of businesses provides diversity of risk, stability of earnings and lower funding costs." The Wall Street Journal
(9/10)
| On The Economy | | |
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| Financial Products | | |
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- Van Eck seeks SEC approval of 2 emerging-market bond ETFs
Van Eck Global filed with the Securities and Exchange Commission to launch two exchange-traded funds investing in emerging-market debt. The Market Vectors Emerging Markets Aggregate Bond ETF and the Market Vectors Emerging Markets USD Aggregate Bond ETF would buy government and nongovernment debt rated from speculative to investment grade. IndexUniverse.com
(9/10), Zacks
(9/10)
| NYSSA News | | |
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- Author Series: Gold: The Once and Future Money -- Oct. 4
We will look at today’s floating fiat currency system in context, its characteristics and consequences. Author Nathan Lewis will give you a better understanding of the macroeconomic environment you are operating in, its characteristics, and the likely path of evolution.
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The amount of money borrowed by consumers dropped for the second consecutive month in July, the Federal Reserve said. Borrowing reached a seasonally adjusted $2.705 trillion, down $3.3 billion compared with June. 
