<Click on chart for larger image> MoneyBeat – BitBeat: Bitcoin Surges Past $400 on Back of the New ‘Shining Star’ The price of bitcoin is surging, crossing back over the $400 mark for the first time since last November, amid a burst of trading activity and a surge in interest in the technology underlying the… Continue reading Bitcoin Rises On Revived Interest In Blockchain Technology
<Click on chart for larger image> The Financial Times – Banks face fresh pressure on physical commodities US banks that handle physical commodities will be forced to hold large new capital cushions under bold Federal Reserve plans to hedge against costly disasters such as tanker spills or gas pipeline explosions. The Fed wants to use… Continue reading Are Commodities Near A Bottom?
CNBC – Dr. Doom calls bubble, adding to gloomy calls The Federal Reserve has inflated an asset bubble and that’s going to damp market returns, perma-bear Marc Faber, publisher of The Gloom, Boom & Doom Report, told CNBC Tuesday. Faber’s remarks follow downbeat assessments from the likes of former Pimco co-chief executive Mohamed El-Erian and… Continue reading Bearish Talk
Reuters.com – Trump accuses Fed of keeping rates low to help Obama Donald Trump on Tuesday accused the Federal Reserve of keeping interest rates low at the request of President Barack Obama.The GOP presidential hopeful, speaking at a news conference, also called Fed Chair Janet Yellen “highly political.” Asked whether the Fed should raise rates,… Continue reading Donald Trump Takes On The Fed
The Financial Times – Growth in leveraged deals prompts credit-risk warning Credit risks are roaring to the fore as private equity groups seek to put a near record $540bn cash pile to work, pushing leverage back to levels not seen since the boom of 2007. The warning, from rating agency Standard & Poor’s late on… Continue reading Leverage Is Back
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Comment On November 5, 2015 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. Last week’s FOMC statement opened the door again to a rate hike in December. Will it happen? And if… Continue reading Will The Fed Hike? What Will The Market Reaction Be?
<Click on graphic for larger image> Bloomberg.com – Five Wild Stats From October ETF Flows Money flowed into stocks, bonds, and emerging markets in October 2. U.S. Corporate Bond ETFs Took in the Most Money Ever Not to be outdone by stocks, U.S. corporate bond ETFs took in $8.3 billion—the most money ever in a… Continue reading Money Is Rushing Into Credit
<Click on chart for larger image> The Financial Times – End uncertainty over Fed rates ‘lift off’ Investors have long doubted the Federal Reserve’s ability or willingness to tighten monetary policy this year, but the directness of last week’s policy statement has markets on guard for “lift-off” in December. With the Fed’s accompanying statement erasing… Continue reading Timing The Rate Hike
Project Syndicate – Kenneth Rogoff: The Fed’s Communication Breakdown Nothing describes the United States Federal Reserve’s current communication policy better than the old saying that a camel is a horse designed by committee. Various members of the Fed’s policy-setting Federal Open Markets Committee (FOMC) have called the decision to keep the base rate unchanged “data-dependent.”… Continue reading Federal Reserve Communication
Bloomberg Business – Yellen Shares Leak Probe Documents After Lawmakers’ Demands The Federal Reserve has provided the House Financial Services Committee with an internal report and some related documents surrounding the central bank’s probe of a leak of confidential information in 2012. Fed Chair Janet Yellen said she will provide the House committee with “copies… Continue reading Yellen Speaks Before Congress Tomorrow About Fed Leaks
<Click on graphic for larger image> Bloomberg.com – Here’s How Much QE Helped Wall Street Steamroll Main Street Bank of America says asset gains have outpaced wage growth Markets haven’t priced in `quantitative failure,’ bank says Wall Street is counting its winnings from seven years of easy money. In a report sent to clients on… Continue reading Who Benefited From QE?