<Click on chart for larger image> <Click on chart for larger image> <Click on chart for larger image> The Wall Street Journal – Government Bonds in U.S., Germany, U.K. Rally on Global Uncertainties Greece’s debt crisis and China’s plunging stock markets are muddling outlook for global economy still running at uneven and fragile pace Fresh… Continue reading 10-Year Yields Fall Around The World
<Click on chart for larger image> The Wall Street Journal – IMF: U.S. Economy at Risk of Stalling Next Year if Fed Raises Rates Prematurely International Monetary Fund reiterates call for Fed to hold off on rate rise until 2016 The Federal Reserve risks stalling the U.S. economy by raising interest rates too early, the… Continue reading IMF Reiterates Call For Fed To Hold Off On A Rate Hike Until 2016
Real Time Economics – HILSENRATH’S TAKE: JUNE MINUTES COULD POINT TO RATE SPLIT INSIDE THE FED “Many participants … thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising the target range for the federal funds rate had been satisfied,” the Fed said, “although they generally did… Continue reading What The FOMC Minutes Could Tell Us About The Fed
The Wall Street Journal – Greece Requests Three-Year Bailout in First Step Toward Meeting Creditors’ Demand Prime Minister Alexis Tsipras demands a “fair compromise” with the country’s creditors Greece formally requested a three-year bailout from the eurozone’s rescue fund Wednesday and pledged to start implementing some of the overhauls demanded by creditors by early next… Continue reading Greece Asks For An Extended Bailout
Bloomberg Business – Here Are Central Banks That Have Been Getting It Right — and Wrong The Federal Reserve is the most optimistic. The Bank of Japan made the biggest mistake. The Bank of Canada is the most accurate, but it’s got the easiest job. The best forecaster of all: the International Monetary Fund. It… Continue reading The IMF Is A Better Forecaster Than Central Banks
Bloomberg.com – Treasury Bond Yields Offer ‘Significant Value,’ Hoisington Says (no link) Most recent rise in yields, like the nine “significant backups” during the bond bull market that began in 1990, is driven by an “intermittent change in psychology” and won’t be sustained, Hoisington Investment Management’s quarterly report says. While Treasury bond yields have repeatedly… Continue reading Bullish On Bonds
Reuters.com – Greece and China expose limits of ‘whatever it takes’ For a world so confident that central banks can solve almost all economic ills, the dramas unfolding in Greece and China are sobering. “Whatever it takes,” Mario Draghi’s 2012 assertion about what the ECB would do to save the euro, best captures the all-powerful,… Continue reading When “Whatever It Takes” No Longer Works
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Comment On July 9, 2015 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 Thursday as we discuss the three issues that seem destined to dominate the summer – Greece,… Continue reading The Three Words of Summer: “Greece, Earnings and Fed”
Bloomberg.com – Greece’s Problems Explained in Six Charts Here’s some of what needs fixing Greek Prime Minister Alexis Tsipras heads into meetings with creditors with a fresh democratic mandate from the people of Greece. The stakes are high and the nation’s problems vast. Here’s some of what needs fixing in six charts: The International Monetary… Continue reading Greece In Charts
The Financial Times – Peter Spiegel: Is Grexit legal? EU lawyers try to make it so Greece’s recently-departed finance minister Yanis Varoufakis repeatedly argued that Greece could never leave the eurozone because there is nothing in the EU treaties that permits exit from the bloc’s common currency. But that hasn’t stopped EU lawyers from looking.… Continue reading Grexit News
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