Bloomberg.com – Here’s How $20 Oil Could Become a Reality If Storage Runs Out There’s the makings of a crisis swirling in America’s oil-storage tanks, and the next few months will determine whether it’s a minor annoyance, or a major blow, to U.S. oil. The basic problem is that too much oil is being pumped,… Continue reading Crude Oil Storage
The Wall Street Journal – U.S. Firms Bring More Foreign Profit Home U.S.-based multinationals booked a ticket home last year for an estimated $300 billion in foreign profits—the most in nearly a decade—chipping away at an enormous offshore cash pile that has drawn scrutiny from regulators and lawmakers…In dollar terms, earnings repatriated or earmarked for… Continue reading Repatriating Foreign Profits
CNBC – Hedge fund Everest Capital falls off a Swiss cliff A single bad currency bet has caused one of the largest and longest-standing private investors in emerging markets to collapse. Everest Capital—a 25-year-old hedge fund firm that counted George Soros and Nelson Peltz as early backers and has ties to Condoleezza Rice and Robert… Continue reading Currencies Causing Problems For Funds
The Wall Street Journal – Banks Shift Bond Portfolios Banks are shuffling big chunks of their securities portfolios around the balance sheet to shield capital levels from rising interest rates. The moves, also encouraged by recent changes by regulators in bank-capital requirements, mean that billions of dollars in bonds and other debt held by banks… Continue reading The Effect Of Regulation On Banks
Bloomberg.com – Mohamed El-Erian: Will More of the Same Last? The Fed and European officials seem to be following the same playbook — kicking the can down the road as they wait for more decisive actions. As insufficient as it is, maintaining the current equilibrium seems to be the best among a sub-optimal set of… Continue reading Kicking The Can Down The Road
The FOMC Meeting, The Economy And Earnings A transcript of the March 19, 2015 conference call. Handout (also shown below) Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/031915.mp3|titles=Conference Call ] [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/031915.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” /] <Click above to view webcast> [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=248″]
The Reformed Broker – Josh Brown: A False Breakdown in Crude Oil? My pal JC Parets is nice with the charts. One of his favorite setups, from a trading perspective, is the false move. “From false moves come fast moves” is the applicable aphorism and it can work very well in both directions – false… Continue reading Crude Oil: The Asset That Everyone Loves
Bloomberg.com – Economist Says U.S. Consumer Spending Is About To ‘Surge’ Consumer spending in the U.S. has been disappointing. It appears households are opting to save the extra cash they’re getting at the gas tank rather than spend it on goods and services. One research firm says that is about to change. Ian Shepherdson, the… Continue reading Falling Gas Prices As A Boon For The Economy
<Click on graphic for larger image> Bloomberg – Debt Is Oil Patch’s Four-Letter Word The 60 percent plunge in crude oil prices since mid-2014 isn’t just about increased production and slower global growth. Debt may be the four-letter word when it comes to explaining the extent of the energy sector’s collapse, a paper in the… Continue reading Energy Sector Borrowing
Zacks – Is Oil Driving Q1 Earnings Estimates Lower? It has been the usual practice for quarterly earnings estimates to come down ahead of the start of each earnings season. This trend has been particularly notable over the last couple of years as management teams have been consistently providing weak guidance, causing estimates to come… Continue reading A Historical Look At Earnings Estimates
The Financial Times – The success of eurozone QE relies on a confidence trick Could QE deliver something real? In the US, one of the most important channels through which QE worked was the mortgage finance market. It helped revive the housing market — yet even there, it did not have a very big impact… Continue reading A Look At ECB QE’s Effect On The Real Economy