<Click on graphic for larger image> The Wall Street Journal – Fed Banks Spar Over GDP Data The race to provide credible real-time data on U.S. economic growth is pitting the Federal Reserve Bank of New York against its sibling in Atlanta, to the puzzlement of some traders The race to provide credible real-time data… Continue reading FRBNY Nowcast vs Atlanta GDPNow
The Financial Times – Oil price optimism grows as Brent climbs to 2016 high The heads of the world’s largest oil trading houses sought to draw a line under nearly two years of falling prices on Tuesday as Brent crude rose to its highest level so far in 2016. Vitol, Trafigura, Mercuria, Gunvor, Glencore and… Continue reading Crude Supply/Demand
<Click on chart for larger image> The Wall Street Journal – Negative Rates: How One Swiss Bank Learned to Live in a Subzero World Negative interest rates are rattling banks around the world, but one small Swiss lender has learned to stop worrying and lean in. Alternative Bank Schweiz AG late last year became Switzerland’s… Continue reading More On Negative Rates
<Click on chart for larger image> The Financial Times – ‘Enthusiasm gap’ could lead to Brexit Britain could vote to leave the EU despite a majority of the electorate being in favour of remaining, because of an “enthusiasm gap” between the rival camps, three academics have said. The modelling they have done is a stark… Continue reading Brexit
<Click on graphic for larger image> MarketWatch – Drivers rev up for the cheapest summer gasoline prices in 12 years Vacationers will have a reason to really celebrate this summer, with gasoline prices expected to be at their cheapest levels for the season since 2004. “U.S. drivers are expected to pay the cheapest summer gasoline… Continue reading Prices At The Pump
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Charts of the Week Topics Covered This Week Include: Is Bond Bearishness Finally Gone? Is Bond Bearishness Finally Gone? – 2 A Look At Earnings Expectations A Look At Revenue Expectations Gold’s Great Quarter Gold’s Great Quarter – 2 Mutual Funds vs ETFs FRBNY Nowcast vs Atlanta GDPNow Citi vs Bloomberg Economic Surprise World Growth… Continue reading Charts of the Week
<Click on graphic to view video> <Click on graphic to view video> Comment Jim Bianco was on Bloomberg TV this morning discussing negative rates and bank earnings. To view the interviews, click on the images above. To view any of our recent interviews, click here. The Wall Street Journal – Bank Earnings: Where to Look… Continue reading Discussing U.S. Bank Earnings
Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/newsclips/2016/04/biancoeps0413.mp3|titles=Conference Call ] Comment Jim Bianco was also on Bloomberg Radio this morning discussing earnings. To listen to the interview, click above. To view any of our recent interviews, click here. <Click on chart for larger image> CNBC – Expect more financial engineering in earnings: S&P Companies are relying on financial engineering to achieve… Continue reading Discussing Earnings
<Click on chart for larger image> The Financial Times – Martin Wolf: Negative rates are not the fault of central banks It is hard to understand the obsession with limiting public debt when it is as cheap as it is today Almost nine years after the west’s financial crisis started, interest rates remain ultra-low. Indeed,… Continue reading Central Bank Policy And Negative Rates
Bloomberg View – Narayana Kocherlakota: Fed Reform Should Focus on the Economy Many important people, in both academia and Congress, want to reform the U.S. Federal Reserve. Unfortunately, their proposals tend to focus more on optics than on the important question: How can changing the Fed make Americans better off? Some, for example, find it… Continue reading Fed Reform
The Financial Times – Fed’s Lacker sees ‘persuasive case’ for rate rise A recent firming in US inflation and expectations for robust economic growth this year make a “persuasive case” for a Federal Reserve rate rise, Richmond Fed President Jeffrey Lacker said on Tuesday. Speaking in North Carolina, Mr Lacker said that “the less leisurely… Continue reading Fed President Lacker Speaks