<Click on graphic for larger image> The Wall Street Journal – Delinquencies Rise on Growing Volume of Subprime Auto Loans Subprime auto loans are back and already going sour. The number of subprime auto loans slipping into delinquency climbed to the highest level since 2010 in the third quarter, and is following a pattern much… Continue reading Auto Loan Delinquencies
<Click on chart for larger image> The Financial Times – China tightens gold import quotas to curb dollar outflow China has curbed gold imports in the wake of government attempts to clamp down on capital leaving the country, according to traders and bankers. Some banks with licences have recently had difficulty obtaining approval to import… Continue reading China’s Capital Flight
<Click on graphic for larger image> CNBC – The other 1%: Fewer and fewer public companies are getting more and more of the pie Stock traders are so busy buying and selling public companies that they may not have noticed that they have slimmer pickings. There are fewer than 4,000 U.S. companies listed on major… Continue reading Wealth Concentration At Public Companies
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Conference Call Presentation/Charts of the Week [audio:https://www.biancoresearch.com/bianco/SubscriberArea/120116.mp3|titles=Conference Call ] Topics Covered This Week Include: New Highs Tear Up Dodd-Frank! Fear Of Trump Retribution? A Trump Rally Loser Spiking Yields Spiking Breakevens Pain In Bonds! Pain Around The World! Soaring Commodities Higher Dollar Slumping Gold Does This Signal An Inflation Problem? Growth Is Worse Than 2012… Continue reading Conference Call Presentation/Charts of the Week
Bloomberg Business – Here’s What Could Happen at the Key OPEC Meeting 1. The first scenario is a fudged deal that would see curbs on output marred by exemptions for Iran and Iraq, key members of the Organization of Petroleum Exporting Countries that are increasingly challenging Saudi Arabia’s dominance of the group. There is also a… Continue reading More On The OPEC Deal
<Click on chart for larger image> Bloomberg Business – Lisa Abramowicz: Bond Market Rises to Liquidity Challenge In some ways, the $40.7 trillion U.S. bond market just passed an important test: It demonstrated that it could account for rapidly shifting views without breaking down. This is significant because the Federal Reserve, big banks and investors have… Continue reading Bond Market Liquidity
The Wall Street Journal – Italy: The Next Stop on Populism’s Global March The founder of Italy’s populist 5 Star Movement showed off his growing confidence in a video posted ahead of Sunday’s pivotal national referendum. “An era is going up in flames,” Beppe Grillo said as Donald Trump’s Election Night acceptance speech played in the… Continue reading More On The Referendum In Italy
The Wall Street Journal – Donald Trump to Pick Ex-Banker Steven Mnuchin for Treasury Nominee President-elect Donald Trump will name longtime banker and former Goldman Sachs executive Steven Mnuchin as Treasury secretary, turning to a campaign loyalist and fundraiser for the incoming administration’s top economic cabinet post, a transition official said Tuesday. Mr. Mnuchin, 53, played… Continue reading Trump’s New Treasury Secretary
<Click on chart for larger image> The Wall Street Journal – Home Prices Recover Ground Lost During Bust U.S. home prices have climbed back above the record reached more than a decade ago, bringing to a close the worst period for the housing market since the Great Depression and stoking optimism for a more sustainable expansion.… Continue reading Home Prices Now At Pre-Great Recession Levels
<Click on chart for larger image> Bloomberg Business – Treasuries Having Worst Month Since 2009 on Trump Ripple Effect Treasuries are having their worst month since 2009 after investors pulled money from the U.S. bond market on speculation Donald Trump’s victory in the presidential election will pave the way for increased fiscal stimulus. A slide which, according… Continue reading Treasuries Are Having A Bad Month
<Click on graphic for larger image> Barron’s – Trump Era: A Good Change for Hedge Funds .. A MORE IMPORTANT ISSUE will be how hedge funds fare as investors. “There’s a hope that if you have more cyclicality in the economy and less of a reliance on monetary policy, it should be good for active management,”… Continue reading How Hedge Funds Are Preparing For Trump