The Financial Times – Jobs data seen as key to landmark Fed rates decision For global markets, it will be one of the most closely watched numbers of the year. Friday morning’s labour market report will not only be an important gauge of the health of America’s recovery, but it has assumed an outsized importance… Continue reading All Eyes On The Payroll Report
The Wall Street Journal – Jon Hilsenrath: Domestic Asset Markets Are Driving U.S. Economy; Why That Could Be Bad In an environment in which interest rates are still very low while the currency is strengthening, you might expect to see domestic sectors of the economy perform well – especially asset-driven sectors funded by debt and… Continue reading The Fed’s Beige Book And The U.S. Economy
Comment In the video above Jon Slangerup, CEO of the Port of Long Beach, discussed the state of shipping at the nation’s ports and whether Chinese turmoil has impacted trade. In the interview he said exports to China are down a lot, more than 10%, and they have never seen this type of drop before.… Continue reading Another Worrisome Sign About China’s Economy
<Click on chart for larger image> Bloomberg Business – Welcome to Quantitative Tightening as $12 Trillion Reserves Fall The great global monetary tightening of 2015 is under way, but it’s not being led by the Federal Reserve. Even as U.S. policy makers ponder whether to raise interest rates this month, one recent source of central… Continue reading Central Bank Reserves Fall
Janus.com – Bill Gross: Sizing Up the Global Economy … So size does seem to matter in some aspects of life, and it certainly does in the financial markets. Super-size August movements in global stocks are but one sign that something may be amiss in the global economy itself – China notwithstanding. There’s the timing… Continue reading Bill Gross Speaks
Business Insider – Central banks are making the same mistake that led to the 2008 financial crisis In 2008, former Federal Reserve chairman Alan Greenspan went before Congress and admitted he had been wrong to hold interest rates at low levels for an extended period, because those low rates caused a housing bubble which —… Continue reading Are Central Banks Making The Same Mistake They Did In 2008?
Of Two Minds – Charles Hugh Smith: Is the Stock Market Now “Too Big to Fail”? The U.S. stock market is integral to the global financial system in two ways. Now that investment banks, pension funds, insurers and multitudes of 401K retirement plans are dependent on current equity valuations, a crash would impair virtually the… Continue reading Is The Stock Market Too Big To Fail?
<Click on chart for larger image> Bloomberg Business – Pimco Total Return Falls Below $100 Billion, a Third of Peak Pacific Investment Management Co.’s flagship fund fell below $100 billion in assets for the first time in more than eight years, leaving it with about a third of the money it managed at its 2013… Continue reading Pimco’s Total Return Fund Assets Continue To Fall
The Financial Times – Pepper the robot cannot rescue us from demographic decline Leading economies are entering era of an ageing and shrinking workforce, writes Diane Coyle Pepper, a companion robot “that has its own emotions”, went on sale in Japan in June; the first batch sold out within a minute. Pepper does not actually… Continue reading The Robot Economy And The Aging Population
None Today
Comment Today at 9 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 BST), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Join us today (not our usual Thursday time) as Jim discusses recent market volatility, the stories of Chinese bond selling and what… Continue reading Volatility, Chinese Bond Selling And A Rate Hike
Comment Jim Bianco was on Bloomberg TV yesterday discussing the markets. To listen to the interview, click on the image above. To view any of our recent interviews, click here.