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Charts of the Week
Charts of the Week
March 11, 2015
Charts of the Week Topics Covered This Week Include: The Anomaly That Is The Payroll Report The Anomaly That Is The Payroll Report – 2 Slumping Crude Oil Slumping Crude Oil – 2 Crude Oil: The Asset That Everyone Loves Examining The Port Slowdown’s Effect On GDP Examining The Port Slowdown’s Effect On GDP –… Continue reading Charts of the Week
Newsclips
More On The Word “Patient”
March 11, 2015
The Wall Street Journal – Jon Hilsenrath: Fed Likely to Remove ‘Patient’ Barrier for Rate Increase as Soon as June The Federal Reserve is strongly considering removing a barrier to raising short-term interest rates as early as June by dropping its promise to be “patient” before acting. Discussions about interest-rate guidance and an uncertain inflation… Continue reading More On The Word “Patient”
Newsclips
The Euro’s Slide Continues
March 11, 2015
MoneyBeat (WSJ Blog) – Euro: Watch Out Below, Says Deutsche Bank The decline and fall of the euro’s exchange rate against the dollar is moving at an eyebrow-raising rate. It’s at $1.0750… no, $1.0725… no, just under $1.07. You get the idea. Predicting a decline to one-to-one for the exchange rate is becoming an increasingly… Continue reading The Euro’s Slide Continues
Newsclips
Buybacks
March 11, 2015
<Click on chart for larger image> The Financial Times – Buybacks sustain US bull run The fatigued US bull-run has one piston that continues to fire. S&P 500 companies spent more than $900bn on share buybacks and dividends over the past 12 months, more than twice the level recorded five years ago as the US… Continue reading Buybacks
Newsclips
A Scarcity Of Bonds For ECB QE
March 11, 2015
MoneyBeat (WSJ Blog) – ECB’s Cœuré: Bank Will Be Able to Find Bonds to Buy European Central Bank Executive Board member Benoît Cœuré said that the ECB will be able to find enough bonds to buy as part of its public-sector bond-purchase program, even though there could be a scarcity of eligible securities. “While the… Continue reading A Scarcity Of Bonds For ECB QE
Newsclips
ECB QE
March 11, 2015
Finanz und Wirtschaft (Swiss Paper) – Draghi is going to make the same mistake as the Fed Mario Draghi is going all in. On Monday, the President of the European Central Bank will launch a bold bond buying program to stimulate the economy. «I don’t think it will work that way» doubts James Bianco, leaning… Continue reading ECB QE
Newsclips
BoJ QE & Stock Prices
March 11, 2015
The Wall Street Journal – BOJ Helps Tokyo Stocks to Soar The Bank of Japan’s aggressive purchasing of stock funds has helped Japanese shares climb to multiyear highs in recent months. But some within the central bank are growing uncomfortable about the fast-paced rally and the bank’s own role in fueling it. Since Gov. Haruhiko… Continue reading BoJ QE & Stock Prices
Newsclips
Inflation Targeting
March 11, 2015
The Wall Street Journal – For the Fed, It’s a Cold World Out There The Federal Reserve faces an inflation rate that has remained stubbornly below what it is aiming at. It has plenty of company around the world, complicating the Fed’s decision on when to start raising interest rates. Outside of countries that have… Continue reading Inflation Targeting
Newsclips
Ultra Long Dated Debt
March 11, 2015
The Financial Times – Generation-long bond issues hit record levels Governments and global companies are taking advantage of historic low financing rates to issue unprecedented amounts of super-long-dated debt that will not be repaid for a generation. Worldwide sales of sovereign and corporate debt that will not mature for more than 30 years have hit… Continue reading Ultra Long Dated Debt
Newsclips
Cartoons
March 11, 2015
None Today
Newsclips
Stock/Bond Relationship – Is The “Risk Of Disruption” The Same As A “Deflation Mindset?”
March 10, 2015
<Click on chart for larger image> Project Syndicate – Kenneth Rogoff: The Stock-Bond Disconnect Curiously, heightened risk and fears of further disruptions – not just another financial crisis, but also geopolitical instability and pandemics – do not seem to carry much weight in current policy discussions, though the idea has been around. Though bonds are… Continue reading Stock/Bond Relationship – Is The “Risk Of Disruption” The Same As A “Deflation Mindset?”