Who is Andy Busch?
Economic and political research > www.andrewbusch.com
Host of“Engage with Andy Busch”
Strategic BusinessCommunications
Unpacking the Fed
US economy continues at 2.5%
US PCE inflation falls with oil
Fed goes 25 in Sept. but data dependent
Source: Eurostat
Q1 2015 Unemployment By Nation
Q1 2015 Unemployment By NationGreece & Spain
Unpacking the ECB
QE working, but only 1.5%GDP
Weak Euro currency
Risk for on-going crisis
Source: National Bureau of Statistics of China
Source: Cabinet Office, Japan
Which stock market is out of control?
Unpacking PBOC/BOJ
China: stock and growth panic
Japan must reform or miss TPP
Rising US dollar
Central Banks Drive Currencies
ECB Starts QE
BOJ Continues QE
Fed Ends QE
ECB Starts QE
Deflation is the problem
€60 Bn a month until €1.1 Tn increase
Goal: low rates and weak EURUSD
BOJ Maintains QE
Deflation still a problem
Y80 trillion a year is the solution
Weak yen is the target
Fed Ends QE
UE<5.5% is a fact
QE done, now rate hikes
Normalization is the target
Fed Impact SPX: +92.7% DXY: +18.4% US10YR: -21.3%
Strategic Business Communications
www.andrewbusch.com
Host of “Engage with Andy Busch”