Finanz und Wirtschaft – James Bianco: «Inflation Is Going To Be a Game Changer» So are there more good times ahead? The market is in the belief that we are going to get reflation and it’s trading on that belief. Basically, I agree with that. But the real question is what kind of reflation we… Continue reading Discussing The Markets
The New York Times – Xi Jinping’s Failed Promises Dim Hopes for Economic Change in 2nd Term For years, China’s president, Xi Jinping, has talked the talk of economic reform. In January, he dazzled business executives in Davos, Switzerland, with a defense of international trade. Last month, he urged officials to “seize hold of reform and… Continue reading Economic Reform In China
Comment Yesterday Jim hosted a conference call about inflation, the Fed and the markets. If you missed it, see the links below. Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/030217.mp3|titles=Conference Call ] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=356″] The Wall Street Journal – Inflation Is Back, But Where It Goes from Here Depends on the Region A major factor in higher global prices has been… Continue reading Will Inflation Return?
The Wall Street Journal – Short-Dated U.S. Bond Yields Hit Post-Crisis High on Fed Anxiety Fed Chairwoman Yellen is scheduled to speak Friday The bond market is finally getting real to the possibility of a Federal Reserve interest rate increase in two weeks.Investors this week have been selling Treasurys that tend to lose value when the… Continue reading U.S. Interest Rates – Uncertainty and Ultra-tight Trading Ranges
Financial Times – Peso surges after Wilbur Ross talks of currency stabilisation ‘mechanism’ A rare thing indeed: a top Trump policymaker is helping boost the Mexican peso. Newly-appointed US commerce secretary Wilbur Ross has been on CNBC today, insisting the White House administration would think of ways to work with Mexican authorities to stabilise the currency. The… Continue reading U.S. Dollar Outlook Balanced After March Hike Priced In
The Wall Street Journal – Yellen to Headline Final Round of Fed Speeches Before March Meeting FOMC voters Stanley Fischer, Jerome Powell and Charles Evans also will speak publicly Friday Federal Reserve Chairwoman Janet Yellen will deliver a highly anticipated speech in Chicago on Friday, her last scheduled public remarks before the central bank’s March 14-15… Continue reading Yellen Speaks Today
The Financial Times – Bond investors send warning for record high equity market Structural reasons that have kept yields low seen staying in place While equity market euphoria at the prospect of President Donald Trump’s spendthrift, deregulatory agenda remains undimmed, bond investors are sending a very different message. US equity gauges have continued to climb… Continue reading The Bond Market
The Economist – Where France’s National Front is on the rise THIS year’s French presidential election promises an upheaval. The Socialists and Republicans, two parties that between them have held power since the founding of the Fifth Republic in 1958, could be eliminated in the first round on April 23rd. Two insurgents, Marine Le Pen,… Continue reading European Elections Update
The Financial Times – Behold the inflation-proof German Bund German inflation hit a four-year high last month but you’d never know it from looking at the country’s bond market. An annual inflation surge from 1.9 per cent to 2.2 per cent in Europe’s largest economy last month is reviving the worst fears of German tabloids and… Continue reading German Yields
Bloomberg.com – China Provides Calm for Markets Ahead of Potential Fed Rate Hike Nation has recently been ‘linchpin’ for emerging markets Yellen previously cited China uncertainty as a worry spot So what’s changed? This time around, China is offering markets an anchor — both in its stable growth and greater policy clarity. As chances of a… Continue reading The Yuan
The New York Times – What Booming Markets Are Telling Us About the Global Economy Consider how things looked one year ago. The world economy seemed hopelessly trapped in a cycle of low growth and inflation. Markets recoiled at the mere possibility that the Federal Reserve would raise interest rates. Populist political insurgencies seemed to threaten… Continue reading The Roaring Stock Market