Bloomberg.com – Buffett Says Hedge Funds Get ‘Unbelievable’ Fees for Bad Results Billionaire says pensions, endowments should shun hedge funds Wall Street profits through salesmanship abilities, he says Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said large investors should be frustrated with fees they’re paying hedge fund managers who fail to match the… Continue reading Buffett Criticizes Hedge Funds
<Click on graphic for larger image> Bloomberg.com – Negative Yields No Bar to Best Bond Market Conditions Since 2009 In a world awash with debt, it’s hard to imagine that there may not be enough to go around. Yet that’s exactly what JPMorgan Chase & Co. says is happening. The world’s biggest bond underwriter predicts… Continue reading Excess Debt Issuance
<Click on chart for larger image> Real Time Economics (WSJ Blog) – The U.S. Homeownership Rate Falls Again, Nearing a 48-Year Low The homeownership rate fell slightly in the first quarter of 2016, dashing hopes that it had finally hit a bottom. In the first three months of this year, the rate was at 63.5%,… Continue reading Homeownership Rate Drops Again
<Click on chart for larger image> The Wall Street Journal – Puerto Rico Development Bank Won’t Make Most of a Debt Payment Monday Governor makes announcement about $422 million debt payment in Sunday speech Puerto Rico’s Government Development Bank doesn’t plan to make most of a $422 million debt payment due Monday, a step that… Continue reading Puerto Rico’s Debt Problem
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Comment Yesterday Jim Bianco hosted a conference call titled “Is Too Much Index Investing A Bad Thing?” If you missed it, see the links below: Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/042816.mp3|titles=Conference Call ] Webcast [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/042816.flv” width=”600″ height=”495″ description=”” player=”3″ autoload=”false” autoplay=”false” loop=”false” autorewind=”true” splashimage=”https://www.biancoresearch.com/bianco/wp-content/themes/twentyten/images/splash.jpg” /] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=296″] Finanz und Wirtschaft – James Bianco: The Risk Of An… Continue reading Is Too Much Index Investing A Bad Thing?
<Click on chart for larger image> The Wall Street Journal – Oil Producers Lock In Once-Snubbed Prices Oil producers’ withdrawal from hedging as prices fell is expected to show up as damage to their first-quarter results U.S. oil producers aren’t letting the rally go to waste. In an about-face, companies are using hedges to lock… Continue reading Is Oil Production About To Rebound?
<Click on graphic for larger image> Bloomberg.com – Oil’s Slump-to-Jump at 5-Month High Outpacing Forecasts: Chart Oil prices are on track to outperform analysts forecasts for the first time in a year. Brent crude advanced above $38 a barrel earlier this month, climbing past the median forecast for the second quarter and closing at a… Continue reading Forecasting Oil
<Click on graphic for larger image> The Financial Times – Yen surges to 18-month high after Bank of Japan inaction Japan’s currency on track for biggest weekly advance since 2008 The yen is on track for its biggest weekly gain since the depths of the 2008 financial crisis after the Bank of Japan’s reluctance to… Continue reading More On The BoJ’s Holdings This Week
<Click on chart for larger image> The New York Times – Eurozone Economy Hangs On in a Modest but Uncertain Recovery By one measure, the economic crisis that has long ravaged Europe is finally over. On Friday, the European Union released data showing that the overall economy of the 19 countries that use the euro… Continue reading Struggling Eurozone GDP
<Click on graphic for larger image> The Wall Street Journal – U.S. Corporate Profits on Pace for Third Straight Decline Slow global growth, energy slump weigh on earnings of S&P 500 companies U.S. corporate profits, weighed down by the energy slump and slowing global growth, are set to decline for the third straight quarter in… Continue reading Earnings
The Wall Street Journal – Kevin Warsh: The Blame-Thy-Neighbor Economic Excuse Faced with stagnation, the big economies cite vague ‘headwinds’ and play a devaluation tit-for-tat. This will be the most consequential year for the global economy since the financial crisis for two reasons: Economic growth is likely to run below the already weak trend of… Continue reading Competitive Devaluation Game