Reuters – Euro is a ‘knife in the ribs’ of the French says Le Pen French presidential candidate Marine Le Pen told a political rally on Sunday that the euro currency which she wants France to ditch was like a knife in the ribs of the French people. The leader of the eurosceptic and… Continue reading Le Pen’s Anti-Euro Rhetoric
Bloomberg.com – Fed’s Rebel Defends Autonomy as Trump-Molded Central Bank Looms Richmond’s leadership, and like-minded counterparts at the other 11 regional Fed banks, served as a check against the politically appointed Board of Governors in Washington. They spoke out, and dissented frequently in policy meetings. Black even dissented in favor of tighter money under former… Continue reading Fed Independence
The Wall Street Journal – At Central Banks, Prized Assets Are Hanging on the Walls Works of art by Goya, Monet, Munch and Titian are part of large collections at some central banks Central banks usually keep their most valuable assets locked in underground gold vaults, not hanging around in public. But over the years, a… Continue reading Central Banks’ Art Collections
S&P 500 Total Return Index Charts Include: Trailing 1 year rate of return Trailing 2 year rate of return Trailing 3 year rate of return Trailing 5 year rate of return Trailing 10 year rate of return Trailing 20 year rate of return Trailing 30 year rate of return 1 Month U.S. Treasury Bill Charts… Continue reading Untitled
Comment Yesterday we hosted a conference call titled The Markets, Fed Hikes And The Trump Rally. The mp3 replay and handout are below. A transcript of the conference call will be available on Monday. [audio:https://www.biancoresearch.com/bianco/SubscriberArea/033017.mp3|titles=Conference Call ] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=359″] MarketWatch – Fed is not taking away the punch bowl, just adding ‘a bit more fruit… Continue reading The Markets, Fed Hikes And The Trump Rally
The Wall Street Journal – Consumer Inflation Tops Fed’s Target For First Time in Nearly 5 Years An important measure of inflation exceeded the Federal Reserve’s target for a 2% annual gain for the first time in nearly five years. The personal-consumption expenditures price index, which is the Fed’s preferred inflation gauge, rose a seasonally adjusted 0.1%… Continue reading Inflation, It’s What Matters Most!
CNN/Money – Consumer confidence soars under Trump. Here’s what it means It’s also worth pointing out that the Conference Board’s consumer confidence index surged right after last November’s election as well — to the highest level since July 2007. The Great Recession began in December of that year and lasted until June 2009. All of… Continue reading Extreme Divergence Between Confidence and Trump Approval Ratings
The Economist – Stockmarkets give up some of their Trump bump The president’s promises look less plausible; his threats more menacing HONEYMOONS don’t last for ever. Having been a reluctant bride to President Donald Trump when courted in the run-up to November’s election, the American stockmarket quickly melted into a mood of romantic euphoria. Shares… Continue reading All About The Trump Trade
The Wall Street Journal – Americans Owe Other Countries Far More Than They Owe Us—And It’s Getting Serious Two former U.S. Treasury officials argue the historic gap may require a weaker dollar Unprecedented U.S. borrowing from other countries compared with what they borrow from the U.S. is fast approaching danger levels, former U.S. Treasury officials… Continue reading Who Owns U.S. Debt?
Bloomberg.com – Wall Street’s New Favorite Way to Swap Secrets Is Against the Rules Encrypted messaging apps are raising risk of widespread abuse Employees at big banks share gossip, client data and more Dirty jokes and NSFW GIFs. Snaps of unsuspecting colleagues on the trading floor. Screenshots of confidential client positions. All that — and, on… Continue reading Snapchat On Wall Street
The Wall Street Journal – Sentiment vs. Reality: The Economy Is Telling Two Different Stories The difference between what people say about the economy and actual economic performance is at a record How is the economy doing? Based on surveys alone, one would think it is booming. Consumer confidence soared to a 16-year high in… Continue reading More On Hard vs. Soft Data