Bloomberg.com – The Fed Whisperer, Misunderstood by Critics, Gains Sway on Board To hear Wall Street pros tell it, Stanley Fischer hasn’t lived up to his reputation as an economic heavyweight in his first year at the Federal Reserve. Don’t believe it. Away from the public spotlight, the Fed vice chairman has played a key… Continue reading Stanley Fischer
Seeking Alpha (Blog) – Crude Oil: Record Domestic Production Amidst Bottoming Rig Count Screams ‘Strong Sell’ After a surprisingly large decline in domestic production last week attributable to a temporary drop in shipments from Alaska, the EIA surprised again this week by reporting that crude oil production surged 300,000 barrels per day last week to… Continue reading Another Sign Crude Producers Have Yet To Scale Back
Bloomberg.com – Peter Lynch’s Secret to Finding Value Is Coming Up Empty in the S&P 500 For Peter Lynch, the legendary Fidelity Investments fund manager who returned almost 30 percent a year in the 1980s, the key to success in stocks was buying growth at a reasonable price. Right now, you can’t find much of… Continue reading Searching For Value In Stocks
Bloomberg.com – Gross’s Terminal Keyboard to Be Displayed at Smithsonian The keyboard of bond legend Bill Gross’s Bloomberg terminal will soon be a piece of history. The keyboard will be on display as part of the Smithsonian’s “American Enterprise” exhibition and become part of the permanent collection, according to Peter Liebhold, chair and curator of… Continue reading A Bloomberg Keyboard Is Now A Piece Of Americana
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Comment Yesterday we hosted a conference call titled Bond Volatility … Get Used To It. The mp3, webcast and handout are below. Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/052815.mp3|titles=Conference Call ] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=254″] [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/052815.flv” width=”600″ height=”495″ description=”” player=”3″ autoload=”false” autoplay=”false” loop=”false” autorewind=”true” splashimage=”https://www.biancoresearch.com/bianco/wp-content/themes/twentyten/images/splash.jpg” /] If the webcast does not work above, please download here.
The Wall Street Journal – Kocherlakota: ‘Mistake’ for Fed to Raise Rates in 2015 Federal Reserve Bank of Minneapolis President Narayana Kocherlakota reiterated Thursday that he thinks it would be a mistake for the Fed to raise its benchmark short-term interest rate this year. The Fed “can only achieve its congressionally mandated price and employment… Continue reading Fed Opinions All Over The Place
<Click on chart for larger image> MarketWatch – Oil pares loss as crude supply falls, output climbs Oil production in the lower 48 states climbed to 9.08 million barrels a day in the latest week, from 8.87 million a week earlier, the EIA data showed. Including Alaska, output was 9.57 million barrels a day versus… Continue reading Crude Oil Production Ramps Up
<Click on graphic for larger image> CNBC – Steve Liesman: First GDP, now productivity: Another data flaw? Critical government reports on the nation’s productivity growth appear to have the same seasonal problems that CNBC uncovered in the gross domestic product data. Looking over a 30-year period, CNBC found first-quarter productivity runs nearly a full percentage… Continue reading Another Way Of Arguing Seasonality In GDP
<Click on graphic for larger image> Bloomberg.com – What Will Happen to a Generation of Wall Street Traders Who Have Never Seen a Rate Hike? This youth brigade — call it Wall Street’s class of 2009 – – is about to learn what higher interest rates from the Federal Reserve look like first hand. Their… Continue reading Is Wall Street “Too Young”?
<Click on graphic for larger image> The Economist – China’s stockmarket bubble: A goring concern The economic dangers of China’s manic bull market As in any bubbly market, there is a debate about just how inflated Chinese stock prices are. The average price-earnings (PE) ratio on the Shanghai Stock Exchange, home to the country’s biggest… Continue reading Chinese Stocks
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