Search

Newsclips

The Reverse Carry Trade

August 16, 2016

Bloomberg.com – What’s Driving FX Isn’t Just Yield – It’s Reverse Carry This wasn’t supposed to happen. The central banks of Australia and New Zealand lowered benchmark interest rates and their respective currencies promptly strengthened. Traders puzzled by the way foreign-exchange markets are behaving should consider that potential for capital appreciation, in addition to yield, may be a significant driver… Continue reading The Reverse Carry Trade

Newsclips

About The Stock Rally

August 16, 2016

<Click on graphic for larger image> The Financial Times – US stocks need more than fumes to keep profit engines turning Earnings growth needed if US equities are to prove resilient in the second half Markets rarely play to script, but investors in US stocks should likely brace for a fair amount of volatility around an… Continue reading About The Stock Rally

---

Newsclips

A Look At The Main Contributors To The Unemployment Rate

August 16, 2016

<Click on graphic for larger image> Federal Reserve of Atlanta – Payroll Employment Growth: Strong Enough? The U.S. Bureau of Labor Statistics’ estimate of nonfarm payroll employment is the most closely watched indicator of overall employment growth in the U.S. economy. By this measure, employment increased by 255,000 in July, well above the 12-month average… Continue reading A Look At The Main Contributors To The Unemployment Rate

Newsclips

Cartoons

August 16, 2016

<Click on cartoon for larger image> <Click on cartoon for larger image>

---

Charts of the Week

Helicopter Money And Interest Rates

August 15, 2016

Helicopter Money And Interest Rates A transcript of the August 11, 2016 conference call. Handout   Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/081116.mp3|titles=Conference Call ]   Webcast (download if flash video does not work below) [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/081116.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=322″]

Newsclips

Do The Markets Run Fed Policy?

August 15, 2016

Comment Earlier today Jim was on Bloomberg TV discussing Fed policy and how the markets are now telling the Fed what to do. To view the interview, click on the image above. To view any of our recent interviews, click here. CNBC – The central bank bubble and the suspension of reality In the middle of… Continue reading Do The Markets Run Fed Policy?

---

Newsclips

An Earnings Update

August 15, 2016

<Click on chart for larger image> <Click on chart for larger image> <Click on chart for larger image> <Click on chart for larger image> <Click on chart for larger image> <Click on chart for larger image>

Newsclips

The Election

August 15, 2016

Barron’s – Cover:  Hillary Rising Alternative-energy and hospital stocks could prosper under a Clinton administration, while energy and financial shares could take a big hit. Investors need to put their emotions and partisanship aside and acknowledge what the polls are telling us: The next president probably will be Hillary Rodham Clinton.  In the main, that’s… Continue reading The Election

---

Newsclips

Understanding Inflation Expectations

August 15, 2016

Bloomberg.com – Fed Officials Challenge Decades of Accepted Wisdom on Inflation Inflation expectations losing predictability for price gains Confidence growing that risk of runaway inflation is slight Central bankers are also coming to terms with the fact that they don’t really understand what they believe to be the more important determinant of inflation — expectations —… Continue reading Understanding Inflation Expectations

Newsclips

GDP Nowcasting

August 15, 2016

<Click on graphic for larger image> Federal Reserve Bank Of Atlanta – Latest forecast: 3.5 percent — August 12, 2016 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2016 is 3.5 percent on August 12, down from 3.7 percent on August 9. After this morning’s retail… Continue reading GDP Nowcasting

---

Newsclips

New Money Market Rules Pushing Short Term Rates Higher

August 15, 2016

<Click on chart for larger image> The Wall Street Journal – Asset-Backed Short Term Debt Rates Jump To Highest Levels Since 2009 Interest rates on asset-backed commercial paper market have erupted higher in recent weeks as funds prepare for new money market rules. Interest rates in a significant part of the U.S. asset-backed commercial paper… Continue reading New Money Market Rules Pushing Short Term Rates Higher

Newsclips

Uncertainty Remains Elevated

August 15, 2016

<Click on chart for larger image> Comment The chart above shows the Economic Policy Uncertainty Index. We detailed it here: The chart above was taken from research conducted by Steven Davis, Scott Baker, and Nick Bloom of the University of Chicago. They created the Policy Uncertainty Index in an attempt to quantify economic policy uncertainty. The… Continue reading Uncertainty Remains Elevated