<Click on chart for larger image> Reuters – No easy way out for Deutsche Bank as investors ‘lose faith’ Deutsche Bank bosses face a formidable task to drag its shares off a 30-year low, with reassurances about its capital levels doing little to improve investor confidence and few other options on the table to trigger… Continue reading Deutsche Bank
Reuters – IEA sees global oil glut worsening, OPEC deal unlikely The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coordinates energy policies of… Continue reading The Continuing Oil Glut
Bloomberg.com – For Polls, New Hampshire Brings Redemption After Failure in Iowa Trump, Sanders were correctly identified as top candidates Granite State primary voting is famously tough to predict Polling in the New Hampshire presidential primary accurately forecast victories by Republican Donald Trump and Democrat Bernie Sanders, a reversal from earlier this month when surveys… Continue reading New Hampsire Post Mortem
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In a few hours the results of the New Hampshire primary will start rolling in. The betting markets can give us a good metric to measure these results. Democratic Race Handicapping As the chart below shows, Bernie Sanders is a virtual lock to win, trading at 98%. <Click on chart for larger image> However, as… Continue reading Handicapping Tonight’s New Hampshire Primary
Watch the latest video at video.foxbusiness.com Comment Yesterday Jim Bianco was on Fox Business talking about the markets. To view the interview, click on the image above. To view any of our recent interviews, click here. Jim made the case that the days when stocks sell off several hundred points but rebound sharply before the… Continue reading Capitulation
Comment As Janet readies to give her testimony tomorrow, the two charts below show the markets have moved the next hike out to Spring 2017. <Click on chart for larger image> <Click on chart for larger image>
Bloomberg.com – Fed May Lack Legal Authority for Negative Rates: 2010 Fed Memo Aug. 2010 memo highlights possible obstacles to negative rates `Not at all clear’ law allows Fed to charge negative rates The Federal Reserve may not have the legal authority to set negative interest rates in the U.S., according to a 2010 staff… Continue reading Can The Fed Go Negative? Should The Fed Go Negative?
<Click on chart for larger image> Bloomberg.com –Global Bond Rally Near `Panic’ Level With Japan Yield Below Zero Treasury yields touch one-year low amid global equity slump Deutsche Bank debt concerns `spooked market’: Nomura’s Gorman Sovereign bonds gained, sending the Japanese benchmark 10-year yield below zero for the first time, as investors seeking the safest… Continue reading Japan’s 10-Year Yields Go Negative
Bloomberg.com – Geithner Gets JPMorgan Credit Line to Invest With Warburg Pincus Warburg, management pledged $800 million for $12 billion fund Credit lines can help executives meet such commitments Former U.S. Treasury Secretary Timothy Geithner is preparing to borrow from JPMorgan Chase & Co. to help fund his new career in private equity. Geithner, 54,… Continue reading Geithner Gets Dimon’s Money
<Click on graphic for larger image> Deutsche Bank – Ad-hoc: Deutsche Bank publishes updated information about AT1 payment capacity Ad-hoc: Deutsche Bank publishes updated information about AT1 payment capacity Frankfurt am Main, 8 February 2016 – Today Deutsche Bank published updated information related to its 2016 and 2017 payment capacity for Additional Tier 1 (AT1)… Continue reading Troubled Banks
<Click on graphic for larger image> Bloomberg Brief – Goldman Sees Risk of Oil Below $20 Oil could drop below $20 a barrel as the search for a level that brings supply and demand back into balance makes prices even more volatile, Goldman Sachs Group predicted. Capacity to store crude has been exhausted in some… Continue reading More $20 Oil Talk