<Click on chart for larger image> The New York Times – Rising Yen Adds to Abe’s Challenges as Japan’s Economy Contracts When Prime Minister Shinzo Abe of Japan began a campaign three years ago to turn around his country’s economy, he took aim at areas as varied as taxes, trade and women in the workplace.… Continue reading The Surging Yen
CNBC – Recession might be in the cards, if history’s a guide: Analyst Stocks ended the week on a high note despite hitting a two-year low on Thursday. Despite the gains, the major indexes still saw a second straight week of losses, but one noted technician says he’s spotted a key indicator in the market… Continue reading More Recession Talk
The Wall Street Journal – Warning Light Flashes for the Commercial Property Boom Bonds backed by commercial real-estate loans have weakened significantly since start of the year The financial engine of the market for office buildings, hotels and malls is showing signs of strain, raising questions about the resilience of the commercial real-estate boom. Bonds… Continue reading Is Commercial Property Peaking?
None Today
<Click on graphic for larger image> The Wall Street Journal – Risk Grows of Markets Sparking Recession While many economic indicators aren’t flashing concern, the global financial turmoil could cause a slowdown Is the U.S. headed for recession? The markets suggest so. With Thursday’s selloff, the Dow Jones Industrial Average is now down 14.5% from… Continue reading Is A Recession Coming?
<Click on chart for larger image> Bloomberg.com – Don’t Blame Fed for Turmoil, Yellen Says as Equity Rout Deepens Fed chair says reversal of rate hike not most likely scenario Traders seem to disagree as they bet on a rate cut in 2016 Federal Reserve Chair Janet Yellen said the central bank was not to… Continue reading Returns Since The Rate Hike
Comment Yesterday Jim Bianco was on Bloomberg Asia talking about volatility, Janet Yellen’s testimony and his outlook for equities. To view the interview, click on the image above. To view any of our recent interviews, click here.
<Click on graphic for larger image> Bloomberg.com – Oil Is the Cheap Date From Hell Wherever oil goes, the stock market goes. This relationship has got to end. The sense that falling oil is bad for stocks is mostly a matter of timing and conspicuousness. The bad parts of the oil plunge are hitting now:… Continue reading Oil and Stocks
The Wall Street Journal – New Lender Worry: Oil Firms Max Out Credit Lines Drawdowns raise concerns about banks’ energy exposure Struggling oil and gas companies are maxing out revolving credit lines typically used to cover short-term funding gaps, raising fresh concerns about banks’ exposure to the decline in energy prices. Midstates Petroleum Co. ,… Continue reading Oil Glut
<Click on graphic for larger image> Bloomberg.com – Bear Market Descends on Global Stocks The MSCI All-World Index falls 20% from its May 2015 record Retreat is biggest since selloff during 2011 Europe crisis The yearlong decline in global equities that started with a selloff in energy became a full-blown bear market Thursday as a… Continue reading Global Bear Market
<Click on chart for larger image> The Wall Street Journal – Market Meltdown Threatens Japan’s Economic-Revival Plan Tokyo’s Nikkei fell nearly 5% Friday to complete its worst week since October 2008’ Global market turmoil has upended Japan’s finely tuned plan for recovery, sending the country’s top economic advisers scrambling for ways to cope. Tokyo’s Nikkei… Continue reading The Nikkei’s Collapse
The Wall Street Journal – The Big Beneficiary of Negative Rates: Gold Worries about the stability of the global financial system has prompted a surge in gold prices Investors are piling into gold, seeking shelter amid concerns that a turn toward negative interest rates in some countries is threatening to destabilize the global financial system.… Continue reading Finally Some Gold Buying!