<Click on chart for larger image> The Financial Times – Wall Street rebound raises hopes for positive S&P 500 Hopes are growing that the S&P 500 could turn positive for 2016, but dangers remain What a difference a month makes. US equity investors are breathing easier after the world’s most valuable benchmark bottomed on February… Continue reading The S&P 500 Bull Market Celebrates 7 Years
<Click on table for larger image> The Wall Street Journal – This Is the Real Point of Europe’s Negative Rates A pickup in inflation is needed to see Europe escape its debt burden Banks and insurers don’t like it, borrowers are seeing little or no benefit from it and savers and pensioners fear their money… Continue reading Negative Rates
<Click on graphic for larger image> The Wall Street Journal – The Hurdles to Getting U.S. Workers Off the Sidelines The share of Americans participating in the U.S. job market has nudged up lately after years of decline. Don’t look for the trend to last. The labor-force participation rate, which stood at 66% on the… Continue reading Labor Force Participation Still Going Lower
<Click on graphic for larger image> The Wall Street Journal – Housing Market Takes On Split Levels Lower-priced homes sell quickly while inventory on the higher end piles up Economists said a number of factors are creating the divide. On the low end, after a slow recovery from the housing bust, first-time buyers are finally… Continue reading Lower-Priced Home Sales Up, While Higher-End Home Sales Remain Stagnant
<Click on graphic for larger image> Bond Vigilantes – Ben Lord: US inflation expectations are rising fast, but inflation is rising faster 2015 saw global inflation risk premia collapse, led by the developed world. US, UK and European annual inflation rates spent most of the year at or around zero with numerous dips into negative… Continue reading Inflation Fears
The Financial Times – Central bank policies distort market signals Concerns grow over consequences of unconventional measures Leading central banks have adopted zero interest rate policy, forward guidance, quantitative easing (QE), qualitative easing and now negative interest rate policy, this “new abnormal” of policy-induced distortions undermining all “fundamental” approaches to “fair value” calculations in global… Continue reading Central Banks vs The Market
<Click on graphic for larger image> The Wall Street Journal – China, Fighting Money Exodus, Squeezes Business Trying to slow capital outflow, Beijing makes life tougher for companies and investors Chinese officials are trying anew to slow a money exodus from the country, clamping down on individuals seeking to flee the yuan and making life… Continue reading China
Reuters.com – New York Fed says followed normal rules after lost Bangladesh funds The Federal Reserve Bank of New York on Tuesday said it followed normal procedures in sending via an electronic network funds that appeared to be requested by Bangladesh’s central bank. Bangladesh Bank on Monday said its account held by the Fed had… Continue reading Hacking A Central Bank And Stealing Money
The Financial Times – China flower show fuels iron ore surge Steel mills in the city, north-east of Beijing in Hebei province, have been told to shut down from late April to October to reduce pollution during an international horticultural exhibition. The city at the weekend urged its steel mills to increase production in anticipation… Continue reading Did A Flower Show Cause A Spike In Iron Ore?
Bloomberg Politics – Fed Governor Donates to Clinton as Bank Guards Independence At a time when Federal Reserve officials are making the case that monetary policy needs to be non-partisan and independent, a sitting governor has given money to Hillary Clinton. Fed Governor Lael Brainard gave $750 in three contributions to Clinton’s campaign between November… Continue reading Fed Governor Donates To Clinton
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Comment On March 10, 2016 at 9 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 GMT), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Join us Thursday as we discuss the rebound in risk assets and how election betting can give unique insight… Continue reading On Rebounds And Election Betting