Newsclips
Cartoons
March 2, 2016
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<Click on graphic for larger image> The Wall Street Journal – U.S. Shale Producers Cut Back Production Amid Global Oil Glut Cuts stand in stark contrast to past year, when U.S. drillers kept pumping as price plunge continued So after years of boosting oil and gas flows across Oklahoma, Texas and North Dakota, Continental Resources Inc. , Devon… Continue reading Oil Glut’s Catch 22
<Click on graphic for larger image> The Wall Street Journal – The Worst Market of All: One Without a Story Stories about China, negative rates, tightening dollar liquidity, tumbling U.S. profits, impending recession, oil and more have left investors with no clear narrative to follow Markets don’t just love a good tale, they need a… Continue reading A Market Without A Story
<Click on chart for larger image> The Financial Times – Trump has the White House in his sights The bookies give the Republican frontrunner a one in four chance of becoming the next US president Just three months ago, Nate Silver, the guru of election forecasters, stuck to his earlier prediction that Mr Trump had… Continue reading Super Tuesday Voting
<Click on graphic for larger image> Arbor Quantitative Analytics – Deteriorating Global Outlook Keeping Demand High for USTs Probability of a global recession has elevated to 68%, while the US’ remains very low near 11%. Interestingly, the Federal Reserve since 1986 has not allowed tightening cycles to last more than 6 to 11 months into… Continue reading Struggling World Economy
<Click on chart for larger image> The Financial Times – Japan sells negative yield 10-year bonds for first time Japan crossed a “financial rubicon” on Tuesday as the country sold new 10-year bonds with a yield below zero for the first time at a government auction. Though the move was widely expected, the sale highlights… Continue reading Japan Auctions Negative Yields
<Click on graphic for larger image> Bloomberg.com – Buffett Cuts Bonds After Saying They Need a Warning Label Warren Buffett reduced Berkshire Hathaway Inc.’s bond portfolio for a sixth straight year in 2015. The holdings were about $25 billion on an amortized cost basis as of Dec. 31, compared with almost $35 billion at the… Continue reading Should Buffett Come With A Warning Label?
<Click on graphic for larger image> The Financial Times – US student debt: Lessons to last a lifetime Student debt has climbed to $1.2tn, but rising defaults have led to calls to cancel part of it Americans had collectively built up $1.2tn of student debt by the end of 2015, more than triple the amount… Continue reading Student Loans
The Wall Street Journal – China’s Central Bank Can’t Shed a Culture of Secrecy The PBOC is trying to be more open, but sharing information doesn’t come naturally The Chinese central bank, says Gov. Zhou Xiaochuan, is “neither a god nor a magician.” He was responding, in a written interview published by the financial magazine,… Continue reading The PBoC Remains Secretive
The Financial Times – Fed’s Dudley says risks to economy rising One of the Federal Reserve’s top policymakers has warned of increased risks to US growth and flagged up a troubling fall in inflation expectations, as caution continues to percolate through the central bank. Bill Dudley, president of the New York Fed, said hazards facing… Continue reading Bill Dudley Speaks
CNN/Money – Deflation is back: Cue more money printing Deflation has returned to Europe and that can only mean one thing: More official action to boost the economy. Consumer prices fell by 0.2% in February, pulled down by the plunging cost of energy. That’s the first time inflation has turned negative since September last year. … Continue reading Will Draghi Print Faster?
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