The Economist – Why is Italy’s constitutional referendum important? THE Italian government has announced that a much-anticipated referendum on constitutional reform is to be held on December 4th. The outcome will be crucial for the prime minister, Matteo Renzi (pictured), who said earlier this year he would resign if the vote went against him. That was… Continue reading The Importance Of Italy’s Referendum
<Click on graphic for larger image> Bloomberg.com – As Heavy-Truck Sales Go, So Goes the Economy For most people, the economy’s ups and downs are best measured by famous indicators like monthly job reports and quarterly releases of gross domestic product. But students of the arcane took special notice earlier this month when the Bureau… Continue reading A Harbinger Of Bad Things To Come?
<Click on graphic for larger image> The Wall Street Journal – OPEC Agrees on Need to Cut Oil Output OPEC said its members agreed that they need to cut crude output to reduce the world’s supply glut, a shift for the 14-member group that was enough to send oil prices higher, even though reaching a… Continue reading OPEC’s Production Cut
The Money Project – How Much Money Have Humans Created? The dollar amounts are so staggering, that simply telling you how much money humans have created probably wouldn’t convey the magnitude. However, by using data visualization in this video, we can relate numbers in the millions, billions, and trillions to create the context to make… Continue reading Have You Ever Wondered How Much Money Is In The World?
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Conference Call Presentation/Charts of the Week [audio:https://www.biancoresearch.com/bianco/SubscriberArea/092916.mp3|titles=Conference Call ] Topics Covered This Week Include: Heading Into Monday’s Debate – RCP Average Of Polls Heading Into Monday’s Debate – 2 538 Blog – If The Election Was Held Today (September 28) 538 Blog – If The Election Was Held Today (September 28) – 2 538 –… Continue reading Conference Call Presentation/Charts of the Week
CNN Money – Who won the debate? The Mexican peso says it wasn’t Trump In recent weeks, the Mexican currency has been moving in the opposite direction to Trump’s poll numbers. As they have improved, the peso has dropped, hitting an all-time low against the dollar ahead of Monday night’s debate. Its sudden leap during the… Continue reading The Peso And Trump
<Click on chart for larger image> <Click on chart for larger image> Markets Morning – Europe Getting Paid To Borrow Money for Nine Years To overcome the flaws of the economic crisis in our society we need to envision our social life. We have to free our mind, imagine what has never happened before and write… Continue reading Negative Yields
<Click on chart for larger image> Comment The colored lines above show the various quarterly 10-year interest rate forecasts of a survey of professional forecasters conducted by the Philadelphia Federal Reserve. Note that every one of these lines has an upward slope. Even when rates were 3.50%, these forecasters predicted higher rates. Now that rates… Continue reading An Updated Look At 10-Year Interest Rate Forecasts
<Click on chart for larger image> The Wall Street Journal – U.S. Home Prices Continued Brisk Growth in July, Case-Shiller Says The S&P CoreLogic Case-Shiller Indices, covering the entire nation, rose 5.1% in the 12 months ended in July, higher than a 5% increase in June Home price growth showed no signs of abating in July, as… Continue reading Home Prices Rise Again In July
The Wall Street Journal – Five Things to Watch: Janet Yellen’s Testimony on Regulation Federal Reserve Chairwoman Janet Yellen testifies before the House Financial Services Committee on Wednesday about financial regulation, once again playing the role of a pinch-hitter because the White House hasn’t nominated anyone to the position of Fed vice chairman for supervision. Most… Continue reading Yellen To Be Tested On Bank Regulation
Reuters – Fed’s Williams says U.S. economy can handle rate hike The Federal Reserve can raise interest rates without threatening the U.S. economic recovery, a top Federal Reserve policymaker said on Tuesday, saying the central bank risks doing more harm by continued inaction. “It is getting harder and harder to justify interest rates being so incredibly… Continue reading Fed President Says The Market Can Handle Higher Rates