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January 9, 2017
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We are pleased to announce that Bianco Research is expanding! Ben Breitholtz and Peter Forbes will be joining Jim Bianco, Greg Blaha and Ryan Malo in creating our research products. Ben and Peter bring with them the ability to transform complex data into visually effective analytics. Through this approach, they will shed light on topical themes in a… Continue reading Bianco Research Is Expanding!
Bloomberg Business – U.S. Payrolls Rise 156,000 as Wages Increase Most Since 2009 The U.S. labor market turned in a solid performance at the end of 2016, sending job gains above 2 million for a sixth year as paychecks rose by the most during the current expansion. The 156,000 increase in December payrolls followed a 204,000… Continue reading Employment In Pictures
Reuters – Dollar hits three-week low as U.S. data fails to override yuan surge The dollar fell to a three-week low against a basket of major currencies on Thursday after U.S. inflation and unemployment data failed to reverse a downtrend that followed some of the biggest gains on record for China’s yuan.A rise in overnight… Continue reading Yuan Strengthens But Outlook Still Bullish For USD
Reuters.com – Apple pulls New York Times apps in China after government request The government has blocked the Times’ websites since 2012 after a series of articles on the wealth of the family of then-Prime Minister Wen Jiabao, the New York Times reported. “We have been informed that the app is in violation of local regulations,”… Continue reading More On China’s Heavy-Handed Government
Comment Quick Read: Uncertainty abounds ahead of the Trump presidency. Markets are beginning to show cracks in the ‘reflation’ trade after fast-money positioning became excessively short safe assets relative to risk assets. Improved economic growth across the globe and hopes for rising inflation on the heels of a Trump victory have been drivers of rising… Continue reading Reflation: Markets Finally Showing Hesitancy
Fortune – Here’s Why the Federal Reserve Is Worried About Donald Trump Donald Trump isn’t president yet. But he’s already having an influence on the Federal Reserve, and it’s not a reassuring one. At their December meeting, Trump’s presidential win led members of the Fed to predict that interest rates would rise higher and more quickly… Continue reading Trump, Uncertainty, & The Federal Reserve
<Click on graphic for larger image> MoneyBeat (WSJ Blog) – Bond Yield Shift Could Shut Down the Euro Parity Party Before It Begins Euro-dollar parity bets are becoming popular again, but similar forecasts were upended by bond markets in 2015 The dollar’s recent surge has rekindled an old discussion in currency markets: Will the euro… Continue reading Will The Euro Hit Parity With The Dollar?
<Click on graphic for larger image> Medium.com – Neel Kashkari: Taylor rule would have kept millions out of work In December, I wrote an op-ed in the Wall Street Journal explaining that forcing the Federal Open Market Committee (FOMC) to mechanically follow a rule, such as the Taylor rule, to set interest rates can cause… Continue reading Neel Kashkari vs. John Taylor, Round 3
<Click on graphic for larger image> The Wall Street Journal – The Fed’s Point Man on Productivity For several years after the Great Recession, Fed officials were puzzled by persistently disappointing U.S. economic growth, particularly given their efforts to juice it with superlow interest rates. They now believe one major cause was a slowdown in… Continue reading Productivity Growth, Or Lack Thereof
<Click on graphic for larger image> The Financial Times – US population growth hits 80-year low Americans are having fewer children and moving away from some states The US has just registered a fresh low point in population growth since the Depression era. Its annual growth rate sank below 0.7 per cent in 2015-16, making… Continue reading Slowing Population Growth
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