Todays Markets

Bloomberg: Carney Warns No-Deal Brexit Would Mean Rate Hikes, 35% House-Price Fall
Bank of England Governor Mark Carney told senior government ministers that a no-deal Brexit would probably see interest rates rise rather than fall, according to people familiar with the matter. [more...]

Bloomberg: Stocks Rally, Dollar in Worst Week Since February: Markets Wrap
Asian stocks extended a rally after their recent battering drove valuations to a two-year low, following a technology-supported advance in U.S. equities. The dollar held declines after U.S. inflation unexpectedly cooled in August. [more...]

Bloomberg: JPMorgan Predicts the Next Financial Crisis Will Strike in 2020
How bad will the next crisis be? JPMorgan Chase & Co. has an idea. A decade after the collapse of Lehman Brothers sparked a plunge in markets and a raft of emergency measures, strategists at the bank have created a model aimed at gauging the timing and severity of the next financial crisis.  [more...]

Bloomberg: Amazon's Bezos Launches $2 Billion Fund to Help the Homeless
Jeff Bezos and his wife, MacKenzie Bezos, launched a $2 billion fund to help homeless families and create a network of nonprofit preschools in low-income communities. [more...]

Bloomberg: These May Be the World’s 10 Riskiest Housing Markets
Housing market dangers are “especially acute” in Australia, Hong Kong, Canada and Sweden, Oxford Economics said, noting this has historically posed a threat to economic activity. [more...]

Bloomberg: Shiller Says U.S. Stocks Could Go A Lot Higher Before They Fall
Near-record U.S. stocks still have scope to zoom to new highs, according to Robert Shiller, the Nobel laureate who’s famed for his analysis of asset-price bubbles and who last year warned that the market was over-priced. [more...]

Bloomberg: Mystery of the $2 Billion Bitcoin Whale That Fueled a Selloff
When Bitcoin plunged as much as 15 percent over two days last week, a theory emerged -- where else? -- on the Internet: a whale was on the move. Speculation mounted that a major holder of cryptocurrency with an electronic wallet that dated back to 2011 -- long before anyone had heard of HODL -- was moving to sell. [more...]

Reuters: China says world trade system not perfect, needs reform
The current world trade system is not perfect and China supports reforms to it, including to the World Trade Organization, to make it fairer and more effective, Beijing’s top diplomat said. [more...]

Reuters: Turkish lira eases after hefty central bank rate hike
The Turkish lira eased on Friday, a day after the central bank raised its benchmark rate by 625 basis points in the biggest such increase in President Tayyip Erdogan’s 15-year rule. [more...]

CNBC: 'We will regret it' when Trump's tariffs hurt China's growth, says former US commerce secretary
Washington will regret its trade dispute with Beijing when U.S. tariffs end up slowing down China's economy significantly, said former U.S. Commerce Secretary Carlos Gutierrez. [more...]

CNBC: China will not 'surrender' to US demands in trade talks — state media
China will not buckle to U.S. demands in any trade negotiations, the major state-run China Daily newspaper said in an editorial on Friday, after Chinese officials welcomed an invitation from Washington for a new round of talks. [more...]