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January 6, 2016
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Comment On January 7, 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 outlook for the economy and financial markets looking into 2016. We see… Continue reading What To Look For In 2016
<Click on graphic for larger image> Atlanta Federal Reserve – Latest forecast — January 4, 2016 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 0.7 percent on January 4, down from 1.3 percent on December 23. The forecast for the contribution of net exports… Continue reading Weak Economic Numbers
<Click on chart for larger image> Bloomberg.com – China Said to Intervene in Stocks After $590 Billion Selloff State funds buy after CSI 300 index tumbled 7% on Monday CSRC signals six-month selling ban on major holders to stay China moved to support its sinking stock market as state-controlled funds bought equities and the securities… Continue reading China Struggles
Bloomberg.com – Fischer Worries Fed Can’t Head Off or Contain Financial Crises Congressional curbs on central bank a concern, vice chair says Rate rises to curb bubbles may be appropriate, Fischer adds Federal Reserve Vice Chairman Stanley Fischer sounds concerned that the central bank may lack some key tools needed both to prevent another financial… Continue reading Fed’s Fischer Worries About Bubbles
<Click on graphic for larger image> The Telegraph (UK) – Saudi showdown with Iran nears danger point for world oil markets The world’s densest network of oil pipelines runs through Saudi Arabia’s Shia heartland. It is now the epicentre of a deadly struggle The risk for the Saudis is that the execution of Sheikh Nimr… Continue reading Saudi/Iran Tensions
Bloomberg.com – Nevsky to Shut Its $1.5 Billion Hedge Fund After 15 Years Fund’s 18.4% annual gain since 2000 more than 10 times peers Fund expects to liquidate portfolio by the end of January Nevsky Capital’s $1.5 billion hedge fund is shutting down and returning money to investors as the emergence of computer-driven trading strategies… Continue reading Another Hedge Fund Closes, Blames Algos For Screwing Up Markets
CNBC – Why Fed will backtrack on rates in 2016: Jim Grant The Federal Reserve will regret its interest rate hike in December and will be forced to backtrack in 2016, closely followed market watcher Jim Grant said Monday, as global stock markets were selling off on Chinese economic weakness. Many economists expect more rate… Continue reading Jim Grant Speaks
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<Click on graphic for larger image> The Wall Street Journal – After a Tumultuous 2015, Investors Have Low Expectations for Markets After a year of disappointment in everything from U.S. stocks to emerging markets and junk bonds, investors are approaching 2016 with low expectations. Some see the past year as a bad omen. Two major… Continue reading Worst Asset Allocation Returns In 78 Years
<Click on chart for larger image> The Financial Times – Record $475bn parked with Fed at year end The Federal Reserve’s most important tool for setting interest rates absorbed a record $475bn of money from financial institutions in its last monetary operation of 2015, in another sign that one of the central bank’s main methods… Continue reading The Fed’s Reverse Repo Facility
<Click on chart for larger image> The Wall Street Journal – The Year the Hedge-Fund Model Stalled on Main Street Enthusiasm is fading for what had become one of the hottest products in asset management It is getting a lot harder to sell hedge-fund-style investing to the masses. More “liquid alternative” mutual funds closed in… Continue reading Hedge Funds’ Awful Year