<Click on chart for larger image> CNBC – Market getting comfortable with a Trump presidency Wall Street seems to be growing more comfortable with the possibility of Donald Trump winning the presidential election, according to a recent poll by Strategas Research Partners. A survey conducted by the firm among more than 650 institutional clients, shows… Continue reading Trump And The Markets
<Click on chart for larger image> Bloomberg View – Narayana Kocherlakota: There Goes the Fed’s Credibility To understand the Fed’s motivations, consider this: Would it have started pulling back on stimulus in May 2013 if its short-term interest-rate target had been at 5 percent instead of near zero, and if it hadn’t been holding trillions… Continue reading Inflation Expectations And Fed Policy
The New York Post – John Crudele: Blame the Federal Reserve for this wacky presidential race This is going to be a Fed column. But it’s also about being fed up, and how the most shocking result of the current national annoyance at Washington’s policies might not be seen just in the upcoming presidential election.… Continue reading Blame The Fed For This Election
The Wall Street Journal – Why Oil’s Cost Is as Important as Its Price Cheaper services are allowing some oil producers to survive, particularly in Russia, while others, such as Venezuela, are facing steep production declines Most investors can tell you how much a barrel of oil fetches today. Those in the industry can, too,… Continue reading The Cost Of Oil Production
<Click on graphic for larger image> FRB Atlanta – Latest forecast: 2.9 percent — May 31, 2016 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2016 is 2.9 percent on May 31, unchanged from May 26. The second-quarter forecast for real consumer spending growth remained at… Continue reading GDPNow Remains Unchanged
Bloomberg Business – OPEC Ministers Say Oil Market Moving in Right Direction Oil traders say demand is growing faster than anticipated OPEC ministers gathering in Vienna for the group’s biannual meeting said the oil market is moving in the right direction as a supply glut dissipates. While Saudi Arabia — the architect of the Organization… Continue reading OPEC Members Meet Tomorrow As Oil Rises
The Wall Street Journal – The Most Powerful Man in Banking Fed governor Daniel Tarullo is known for his behind-the-scenes influence over everything from corporate strategy to capital rules To most Wall Street executives, that title goes to Federal Reserve governor Daniel Tarullo, a brusque, white-haired former law professor who has come to personify Washington’s… Continue reading Fed Governor Daniel Tarullo’s Influence On The Banking Industry
<Click on graphic for larger image> Bloomberg Business – BlackRock, Nuveen Snub Bonds for Stocks as Fed Rate Odds Rise Bonds to lag behind stocks over six to 12 months, Nuveen says The odds of a rate shift in June implied by federal funds futures contracts were 24 percent as of Tuesday, climbing from 12… Continue reading Bonds Stagnate As Stocks Rise
<Click on chart for larger image> MarketWatch.com – China stocks mark biggest gain in almost 3 months on MSCI speculation Gains fueled by hope China will be included in global benchmark Analysts and investors were increasingly expecting that MSCI, the global index provider, will soon add mainland-traded Chinese stocks, so-called A-shares, in its Emerging Markets… Continue reading More On China
The Wall Street Journal – Small Banks Are Doing Well, So Why Aren’t They in Better Shape? Community bankers are struggling under new regulations, but they also are in their best shape in years Community bankers are struggling under new regulations. But they also are in their best shape in years. Those contrasting accounts summarize… Continue reading Bank Regulation Is Hurting Community Banks
<Click on graphic for larger image> Bloomberg Business – The Case for Stimulus, in Three Charts After seven years of growth, there are still signs that the U.S. economy isn’t running at full capacity. It’s a problem that the Federal Reserve and Congress can and should address. The expansion that began in mid-2009 has fallen… Continue reading The Case For Additional Stimulus
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