Business Insider – Top Trump adviser and former Goldman Sachs executive Gary Cohn reportedly wants to lead the Federal Reserve Gary Cohn, the former Goldman Sachs chief operating officer and current top economic adviser to President Donald Trump, reportedly has his eyes set on the top job at the Federal Reserve. According to Mike Allen of the… Continue reading Gary Cohn Wants The Fed Chair Job
Bloomberg Business – Tranquil US Treasuries mirror becalmed equities The Move index measures the short-term expected volatility of US Treasuries implied by option prices, and in practice it is the bond equivalent of the more widely known Vix. Like Vix, it has sagged this year, to a three-year low on Friday, the last available data.… Continue reading Low Volatility In The Bond Market
The Financial Times – Bond ETFs race to play catch-up as bull market threatens Asset managers are pushing so-called ‘smart beta’ ETFs The exchange traded fund industry has swelled to $4tn this year, propelled in part by a dizzying array of innovative, new products. But one corner of the passive investment landscape has remained a barren wasteland… Continue reading Smart Beta Bond ETFs
Bloomberg Business – In This Market, It’s Best to Heed Bonds, Not Stocks Historically, the two- to 10-year spread seems to be a better indicator of the economy. Equities and bonds have been giving different signals to investors over the past two months. Stocks, measured by the S&P 500 Index, have been on a steady… Continue reading The 2/10 Spread And The Economic Outlook
CNBC – Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price Bitcoin’s price has the potential to hit over $100,000 in 10 years, which would mark a 3,483 percent rise from its recent record high, an analyst who correctly predicted the cryptocurrency’s rally this year told CNBC on… Continue reading More On Bitcoin Mania
Bloomberg Business – Italy Moves Toward Early Vote as Election Law Deal Nears The path is beginning to clear for Italians to head back to the polls as the country’s main political parties near a deal on a new electoral law. Italy’s biggest parties are considering a proportional system similar to the German model with a… Continue reading An Election In Italy?
MarketWatch.com – Home-price growth accelerates to nearly three-year high in March U.S. home price gains picked up speed, accelerating to the highest rate in nearly three years, reflecting sturdy demand and lean supply. The S&P/Case-Shiller 20-city index rose 5.9% compared to a year ago in the three-month period ending in March, a tick higher than… Continue reading U.S. Home Prices Rising Much Faster Than Wages
The Wall Street Journal – The Oil Play That Could Flood the Natural-Gas Market Gas output from the Permian basin is likely to surge by 2020, rivaling production from Appalachian Marcellus The oil-rich Permian Basin is emerging as a major source of new natural gas, a development that could deepen an existing glut and pressure… Continue reading New Source For Natural Gas?
Bloomberg View – Mark Whitehouse: Markets Don’t Trust Banks, and They’re Right Almost a decade after a crisis that nearly brought down the global financial system, markets still aren’t showing much confidence in banks. It’s a troubling phenomenon that U.S. and European leaders ignore at their peril.The financial crisis should have led to fundamental change. It… Continue reading The Markets Don’t Trust Banks
Bloomberg Business – Morgan Stanley’s 16,000 Human Brokers Get Algorithmic Makeover Call them cyborgs. Morgan Stanley is about to augment its 16,000 financial advisers with machine-learning algorithms that suggest trades, take over routine tasks and send reminders when your birthday is near. The project, known internally as “next best action,” shows how one of the world’s… Continue reading Robo-Financial Advisors
Comment The Federal Reserve Bank of New York enters the comic book business: View PDF
The following .pdf files contain four (4) charts each: Net Purchases of U.S. Treasury Notes and Bonds Net Purchases of U.S. Government Agency Securities Net Purchases of U.S. Corporate Bonds Net Purchases of U.S. Equities All Foreign Countries Total Asia Total Europe Total Latin America Asia less Japan Europe less the U.K. All Foreign less… Continue reading Untitled