The Financial Times – Mark Carney: I won’t stay on past June 2019 Governor of the Bank of England Mark Carney has said he will leave the central bank in June 2019, even if there is a delay in the UK’s divorce proceedings with the EU. Speaking at a hearing of MPs on Tuesday, Mr… Continue reading Carney Will Leave June 2019
Comment Economist Paul Krugman wrote this on his New York Times blog about 1AM ET Wednesday November 9. S&P futures were down 800 points and Trump was heading toward a surprising victory: The New York Times – Paul Krugman: The Economic Fallout It really does now look like President Donald J. Trump, and markets are plunging.… Continue reading The Call of the Year
None Today
Now That The Election Is Over … A transcript of the November 10, 2016 conference call. Handout Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/111016.mp3|titles=Conference Call ] Webcast (download if flash video does not work below) [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/111016.flv” width=”600″ height=”495″ description=”” player=”3″ autoload=”false” autoplay=”false” loop=”false” autorewind=”false” skin=”functional” /] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=327″]
Comment On Friday Jim Bianco was on CNBC discussing the market’s response to the election. To view the interview, click on the image above. To view any of our recent interviews, click here. Below is another of Jim’s interviews laying out his thoughts that were detailed in last week’s conference call. The transcript will… Continue reading How Will The Markets Respond To The Election?
Factset – Earning Insight For November 11, 2016 Earnings Scorecard: As of today (with 91% of the companies in the S&P 500 reporting earnings for Q3 2016), 71% of S&P 500 companies have reported earnings above the mean estimate and 55%of S&P 500 companies have reported sales above the mean estimate. Earnings Growth: For Q3… Continue reading An Earnings Update
<Click on graphic for larger image> The Wall Street Journal – GDP, Inflation and Interest Rates Forecast to Rise Under Trump Presidency The presidency of Donald Trump is poised to usher in a new era for the U.S. economy that forecasters say could boost economic growth, bring higher interest rates and inflation, and a new… Continue reading What Are Economists Forecasting In The Wake Of The Election?
<Click on chart for larger image> Barron’s – Gundlach: Bond Yields Could Hit 6% in Five Years Gundlach called Trump’s victory months ago and says Trump’s growth agenda to hurt bonds and help TIPS.You heard it here first: Jeffrey Gundlach, CEO of DoubleLine Capital and one of the world’s most successful bond investors, predicted in… Continue reading Rising Bond Yields
The Financial Times – Wolfgang Münchau: The end of the era of central bank independence Trump and May will start subverting system by appointing politically compliant governors At this stage we do not really know what the presidency of Donald Trump will mean. We do not even know exactly what Brexit means. But there are… Continue reading Central Bank Independence
<Click on graphic for larger image> The Wall Street Journal – Era of Low Interest Rates Hammers Millions of Pensions Around World Central-bank moves pull down returns for government-run funds, making it difficult to meet mounting obligations to workers and retirees Managers handling trillions of dollars in government-run pension funds never expected rates to stay… Continue reading Pensions Are Hurting In The Low Rate Environment
<Click on graphic for larger image> Bloomberg.com – Goldman Warns Bond-Market Carnage Threatens Global Reflation Ten-year Treasury yields’ weekly surge is biggest since 2013 Inflation bets in days after election seen as ‘self-defeating’ The bond market’s tumble this week on President-elect Donald Trump’s proposals to boost fiscal spending and stoke inflation threatens to throw a… Continue reading The Reflation Trade
<Click on chart for larger image> Reuters – Copper eyes biggest weekly rally in 35 years as demand view shifts London copper was on track for its biggest weekly rally in over 35 years on Friday as hopes of U.S. infrastructure spending on Donald Trump’s election win and firming demand from China drag metals out… Continue reading Copper’s Wild Ride