<Click on chart for larger image> CNBC – Bitcoin hits a 2-year high thanks to a big change in the code…and China The price of bitcoin has hit its highest level in more than two years due to a rule written in the cryptocurrency’s code which could tighten its supply and as it becomes a… Continue reading Bitcoin Surges Again
DealB%k (NYT Blog) – Hedge Fund Managers Work to Stanch Loss of Investors Hedge fund titans once ran their firms like elite private clubs, picking who made it past the velvet rope and how much they would pay for access to supercharged performance. Years of poor performance have now led a number of funds to… Continue reading Hedge Funds
The New York Post – Why are so many bankers committing suicide? Three bankers in New York, London and Siena, Italy, died within 17 months of each other in 2013-14 in what authorities deemed a series of unrelated suicides. But in each case, the victim had a connection to a burgeoning global banking scandal, leaving… Continue reading Suicide In The Banking Community
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Comment Yesterday we hosted a conference call titled How Concerned Should We Be? The mp3 replay and handout are below. The webcast and transcript of the call will be available on Monday. Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/060916.mp3|titles=Conference Call ] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=299″]
<Click on image to view video> Comment Jim Bianco was on Bloomberg this morning discussing the Fed. To view the interview, click on the image above. To view any of our recent interviews, click here. <Click on chart for larger image> The Wall Street Journal – WSJ Survey: Economists Shift Rate-Rise Expectations From June to… Continue reading Timing The Next Rate Hike
The Fiscal Times – Stocks Are Dangerously Expensive Right Now The Dow Jones Industrial Average has fallen back below 18,000 after closing above that mark on Wednesday for the first time since April. Even with Thursday morning’s slide, though, the major stock market averages are now just a few percentage points away from fresh all-time… Continue reading The DJIA Last Made A New High 387 Days Ago
<Click on chart for larger image> MarketWatch.com – Corporations pile on debt in first quarter Businesses racked up debt in the January-to-March period at the fastest pace in three quarters, according to data released Thursday. Business debt grew at a blistering 7.9% annual rate in the first quarter, the Federal Reserve said. Business debt has… Continue reading An Updated Look At Cash On The Sidelines
<Click on graphic for larger image> Politico – The 11 states that will determine the 2016 election Hillary Clinton and Donald Trump bring unique strengths and weaknesses to their general-election clash. But after months of polling, the Electoral College landscape on which they will compete largely mirrors the one that has determined the presidency in… Continue reading Electoral College Betting
<Click on chart for larger image> Bloomberg Business – Bond Yields Around the World Fall to Records on Growth Outlook Investment-grade bond index has best start to year since 1997 The rush into government bonds during 2016 shows no sign of reversing as a weakening global economic outlook fuels demand for perceived havens. German 10-year… Continue reading Bond Yields Fall
<Click on chart for larger image> The Wall Street Journal – The Yield Curve Is Flattening No Matter What the Fed Says A ‘yield grab’ is sending the differential between the two-year and 10-year to another post-crisis low When Federal Reserve officials signaled in May that they could lift rates this summer, the yield curve… Continue reading The Yield Curve