The Wall Street Journal – BlackRock?s Larry Fink Is Now a Contemporary Art Exhibit Installation focuses on economics of artists? debt and how BlackRock and other financial institutions benefit from it The fifth floor of a prominent New York art... Read More
Bloomberg.com – The Untold Story Behind Saudi Arabia?s 41-Year U.S. Debt Secret How a legendary bond trader from Salomon Brothers brokered a do-or-die deal that reshaped U.S.-Saudi relations for generations. It was July 1974. A steady predawn drizzle had given... Read More
Bloomberg.com – Commodity Rout Prompts Moody’s to Put 175 Ratings on Review Moody’s reduces forecasts for Brent, WTI to $33 for this year China’s slowdown triggers `fundamental shift,’ Moody’s says Royal Dutch Shell Plc, Total SA and BP Plc, Europe?s... Read More
CNN Money – Here are the drivers of future economic growth The American economy is reinventing itself. Biotech boom: Health care certainly seems to be one driver. The industry, a big winner in the stock market over the past year,... Read More
Forbes – Wall Street’s secret society is more secretive than ever On Thursday night, Kappa Beta Phi, a secret society of Wall Street bigwigs, held its 82nd annual gala at the St. Regis Hotel in Manhattan. At these black-tie dinners,... Read More
theStreet.com – Herb Greenberg: Fleckenstein to Restart Short Fund From the looks of this market, you might think Bill Fleckenstein needs to have his head examined for what he’s about to do: Restart his short-selling fund, which he shut four... Read More
<Click on chart for larger image> The Wall Street Journal – Analyst Meredith Whitney Shutting Research Business Meredith Whitney, one of Wall Street’s best-known and most controversial research analysts, is getting out of the research business, following the departure of... Read More
[hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/090513.flv” width=”600″ height=”495″ description=”” player=”3″ autoload=”false” autoplay=”false” loop=”false” autorewind=”true” splashimage=”https://www.biancoresearch.com/bianco/wp-content/themes/twentyten/images/splash.jpg” /] Comment Yesterday Jim Bianco hosted an internal conference call among Arbor Research associates. To view the conference call click here. Below are a few of the highlights of... Read More
The Financial Times – Meredith Whitney: Detroit aftershocks will be staggering As jarring as the reality may be to accept, Detroit?s decision last week to declare bankruptcy should not be regarded as a one-off in the US municipal market ?... Read More
The Guardian (UK) – Cheap credit has inflated the markets, and we could be in for a crash landing Trying to solve a debt problem with more debt has created a bigger bubble, and it’s hard to see what the... Read More
The Financial Times – John Authers: Stock market optimism on this scale is hard to explain Stock market cycles do not move in tandem with either business or economic cycles. The idea is to buy stocks before earnings shoot upwards,... Read More
Bloomberg.com – Stockton Can Stay in Bankruptcy Over Creditor Objections Stockton, California, the biggest U.S. city to file for bankruptcy, won a judge?s permission to stay under court protection after he found that creditors didn?t negotiate in good faith with... Read More
The Wall Street Journal – Meredith Whitney Blew a Call?And Then Some In another life, Meredith Whitney would have made a terrific replacement referee. Not only can’t she get the call right, she won’t admit when she’s wrong. It is... Read More
The New York Times – JPMorgan?s Trading Loss Is Said to Rise at Least 50% The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank?s initial $2 billion estimate by at least $1 billion, according... Read More
<Click on chart for larger image> The Wall Street Journal – The Pros and Cons of Stock Buybacks If done right, share repurchases can create more value for stockholders. But how often are they done right? Companies sitting on piles... Read More
Comment We hosted a conference call on the trends facing the markets heading into 2012. If you missed it, here is the audio and handout and webcast. Bloomberg.com – Caroline Baum: Here?s Hoping for More Lousy Forecasts in 2012 It?s... Read More
<Click on chart for larger image> MarketBeat (WSJ Blog) – Happy First Birthday, Terrible Meredith Whitney Call MarketBeat has wrung pretty much all the schadenfreude it can get, and probably more, out of Meredith Whitney?s awful call on muni bonds,... Read More
Bloomberg.com – Bonds Beating U.S. Stocks Over 30 Years for First Time Since 19th Century The biggest bond gains in almost a decade have pushed returns on Treasuries above stocks over the past 30 years, the first time that?s happened... Read More