Comment Jim Bianco was on CNBC yesterday discussing central banks and Brexit. To view the interview, click on the image above. To view any of our recent interviews, click here. This chart shows Predictit.org’s odds of the UK leaving the EU in blue and the pound in red. These odds are updated in real-time on… Continue reading If The UK Votes To Leave
Reuters – Fed likely to avoid rate hike before Britain votes on leaving EU The U.S. Federal Reserve may be forced to delay a rate hike at its June meeting because of mounting concern over the economic fallout from Britain’s vote on whether to leave the European Union. The geopolitical risk likely will push any… Continue reading The Fed Always Has A Reason Not To Move
The Financial Times – Negative-yield debt breaks $10tn level for first time Sovereign paper with sub-zero yield up 5% month on month, buoyed by rising prices Negative-yielding government debt has risen above $10tn for the first time, enveloping an increasingly large part of the financial markets after being fuelled by central bank stimulus and a… Continue reading $10 Trillion In Negative Interest Rates
Bloomberg Business – ECB Rules Out Automatic Sales of Corporate Bonds Cut to Junk Policy makers willing to buy notes with negative yields The European Central Bank, which is set to begin buying corporate bonds next week, said it won’t have to sell notes downgraded to junk as it fleshed out the latest expansion of… Continue reading The ECB On Corporate Bond Purchases
<Click on chart for larger image> Reuters – U.S. crude oil stocks drop less than expected: EIA U.S. crude stocks fell last week, though the decline was less than forecast, while gasoline and distillate stocks decreased, the Energy Information Administration said on Thursday. Crude inventories fell by 1.4 million barrels in the last week, compared… Continue reading Crude Oil Inventories
Janus.com – Bill Gross: Bon Appetit! The “fact of the matter” – to use a politician’s phrase – is that “carry” in any form appears to be very low relative to risk. The same thing goes with stocks and real estate or any asset that has a P/E, cap rate, or is tied to present… Continue reading Bill Gross Speaks
<Click on graphic for larger image> The Economist – Buttonwood: Working hard for the money There are more explanations than solutions for the productivity slowdown ECONOMIC growth stems from two main sources: putting more people to work or enabling workers to operate more efficiently (ie, better productivity). With the workforce in many developed economies likely… Continue reading The Productivity Puzzle
CME Group – The New Treasury Market Paradigm Treasury market participants have concluded that the reduction of bank balance sheets due to increased costs have contributed to increasing Treasury futures liquidity and Treasury securities settlement fails. Treasury futures provide a unique solution for customers seeking off-balance sheet Treasury positions without direct exposure to settlement fails… Continue reading The Treasury Market’s New Paradigm
<Click on chart for larger image> The Wall Street Journal – U.S. Houses Are Still Getting Bigger The median size of a new home is 2,467 square feet, 61% bigger than 40 years ago mericans want bigger houses. Or at least that’s what they’re getting. The median size of a new single-family house was 2,467… Continue reading How Big Is Your House?
<Click on chart for larger image> CNBC – Jamie Dimon just sounded the alarm on auto loans The JPMorgan Chase CEO says “someone is going to get hurt” as financing for autos has flourished in the U.S. Jamie Dimon is sounding the alarm on auto loans. “Auto is clearly a little stretched, in my opinion,”… Continue reading Auto Sales
<Click on graphic for larger image> Bloomberg.com – Puerto Rico’s U.S. Rescue Won’t Come Soon Enough to Halt Default Commonwealth on its own to deal with $2 billion due July 1 Island may skip first payment on its highest-priority debt Even if U.S. lawmakers return next week and push through their Puerto Rico rescue with… Continue reading Will Puerto Rico Default?
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