<Click on graphic for larger image> Bloomberg Briefs – Fed Spectrometer Shows Doves Unified as Markets Diverge Bloomberg Intelligence Economics maintains the Fed Spectrometer — a tool for monitoring the history and tone of public comments from individual FOMC members. As the title of the tool implies, it attempts to classify each Governor or regional… Continue reading Grading The Fed
<Click on chart for larger image> The Guardian (UK) – Demand for World Bank loans nears crisis levels Lending forecast at £25bn for 2016 as developing countries struggle to cope with weakening global economy Demand for loans from the World Bank has reached levels unsurpassed outside of financial crises as developing countries struggle to cope… Continue reading World Bank Loans
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What’s Next For The Markets? A transcript of the April 7, 2016 conference call. Handout Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/040716.mp3|titles=Conference Call ] Webcast (download if flash video does not work below) [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/040716.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=292″]
Comment Last Thursday we hosted a conference call titled What’s Next For The Markets? The mp3, webcast and handout are below. Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/040716.mp3|titles=Conference Call ] Webcast [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/040716.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=292″]
<Click on graphic for larger image> Federal Reserve Bank of Atlanta – Latest forecast: 0.1 percent — April 8, 2016 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.1 percent on April 8, down from 0.4 percent on April 5. After this morning’s wholesale… Continue reading GDPNow Heads Lower Again
Comment Jim Bianco was on CNBC on Friday discussing negative rates. To view the interview, click on the image above. To view any of our recent interviews, click here. Bloomberg.com – Fink Warns Negative Rates Could Lead to `Dangerous’ Consequences BlackRock CEO lists risks to economy in annual investor letter Still, probability of continued growth… Continue reading Negative Yields
Comment The first chart below shows the odds of Trump winning the Presidency according to the Predictit.org markets in blue and the S&P 500 in red. It begins on November 3rd, exactly one year before the election. Note that Trump’s odds are plotted inversely. The theory is that Trump is supposed to be bad for… Continue reading Does The Market Care More About Clinton Than Trump?
Five Thirty Eight – Ben Casselman: Trump’s Support Would Be Easier To Explain With Better Polling If Donald Trump wins the Republican presidential nomination, it will probably be because of his policies on trade. Or perhaps immigration. Or maybe it’s his get-tough foreign policy that’s really connecting with voters. The truth is, we aren’t very… Continue reading An Election Update
<Click on graphic for larger image> The Financial Times – Active asset managers knocked by shift to passive strategies The deteriorating ability of money managers to beat their indices has led to investors accelerating a shift towards passive strategies such as exchange traded funds, adding to the pressure on actively managed funds to justify their… Continue reading Mutual Funds vs. ETFs
<Click on chart for larger image> Bloomberg.com – Iraq Boosts Oil Production to Record Before Talks to Cap Output Country raised output to 4.55 million barrels a day in March Iraq hasn’t confirmed if it agrees to output-freeze proposal Crude output in OPEC’s second-biggest producer rose to 4.55 million barrels a day last month from… Continue reading Another Crude Producer Hits A Production Record
The Financial Times – Collateral damage from a delay to US rate rises If policymakers in the eurozone and Japan hoped to engineer a weaker currency by their aggressive expansion of monetary policy, they must be watching the latest moves in currency markets with dismay. Despite fresh rounds of quantitative easing and radical experiments with… Continue reading Currency Wars