Watch the latest video at video.foxbusiness.com Comment Jim Bianco was on Fox Business yesterday discussing Brexit. To view the interview, click on the image above. To view any of our recent interviews, click here. The charts below offer an updated look at the Brexit vote: <Click on chart for larger image> <Click on chart for… Continue reading Discussing Brexit
<Click on chart for larger image> Wall Street Daily – Alan Gula: The Fed Ignores Forewarnings of U.S. Labor Market Malaise … Curiously, Fed Chair Janet Yellen dismissed the LMCI at the press conference following last week’s Fed meeting. When asked about the deterioration in the LMCI, Chair Yellen called the index an “experimental research… Continue reading An Example of Yellen’s Credibility Problem
Bloomberg.com – London’s Markets Are Bracing for Brexit-Fueled Trading Bonanza ICAP says it plans to have extra staff available from Thursday Bats designed to withstand multiples higher than record Markets in London are bracing for what could be a wild ride in everything from foreign-exchange to stock trading as the U.K. votes on European Union… Continue reading Are “DKs” The Key To Tomorrow’s Brexit Vote?
<Click on chart for larger image> MarketWatch.com – Caroline Baum: Fed’s changing outlook doesn’t explain about-face on raising rates On-again, off-again guidance about raising interest rates is just making the Fed look foolish .. Yellen validated her colleagues’ sentiments, albeit conditionally, saying it probably would be appropriate to raise rates in coming months. And the… Continue reading Timing The Next Fed Hike
Reuters.com – Yellen makes ‘uncertainty’ new mantra as market doubts Fed view At Wednesday’s quarterly news conference Fed officials’ doubts were in plain view, with Yellen using the term “uncertain” or its variations 13 times, more than twice as often as in March. In December, when the Fed raised its rates by a quarter point… Continue reading Yellen And The Term “Uncertain”
The Wall Street Journal – Yellen May Face Tougher Crowd in House Appearance Fed chief’s House hearings have tended to be more acrimonious than those in the Senate Expect lawmakers to turn up the heat when Federal Reserve Chairwoman Janet Yellen returns to Capitol Hill on Wednesday for the second round of her two-day semiannual… Continue reading Yellen To Face Tougher Crowd Today
The Telegraph – The doom loop is back: Europe’s banks are still buying more of their own governments’ debts Europe’s banks are still buying more of their home governments’ bonds, even though the enormous exposures between states and financial institutions risk re-starting the so-called ‘doom loop’ that damaged the Greek economy so badly. Banks have… Continue reading Europe’s “Doom Loop” Is Back
<Click on chart for larger image> Bloomberg Business – Whatever Britons Decide, Bet on Gold’s Volatility to Profit Bullion volatility is seen rising irrespective of the result Societe Generale SA has come up with a way for investors to profit from the U.K.’s referendum on whether to remain in the European Union whatever the outcome:… Continue reading More On Gold And Brexit
Crain’s Chicago Business – Is bankruptcy such an awful idea for Chicago? Few words get the attention of politicians, bankers, investors and employees like bankruptcy does. Once unthinkable, the idea of Chicago filing for bankruptcy is becoming less far-fetched as the city stares down the barrel of $25 billion in pension obligations that it can’t… Continue reading Bankruptcy For Chicago?
<Click on chart for larger image> Business Insider – CREDIT SUISSE: Brexit could be worse than ‘Black Wednesday’ If Britain chooses to leave the EU on Thursday, it will make economic waves both in the short and medium terms. One of the most immediate effects would be a sudden drop in the value of the… Continue reading Credit Suisse On Why Brexit Could Be Worse Than Black Wednesday
MarketWatch.com – Sue Chang: Don’t look now! Helicopter money is already being deployed Helicopter money is often viewed as a policy tool of last resort Apparently Federal Reserve Chairwoman Janet Yellen didn’t get the memo but helicopter money is already at work in the U.S. Last week, Yellen conceded that the Fed may have to… Continue reading Helicopter Money
<Click on graphic for larger image> Bloomberg Business – Renters Are Making More, And Landlords Get It All Many tenants are keeping up with rising rents. It’s the poor who are hurting. A popular narrative of the U.S. housing market has been that big city prices are locking out young buyers, feeding a cycle in… Continue reading Renters Keep Up With Rising Rents