The Wall Street Journal – First U.S. Bitcoin Exchange Set to Open The virtual currency bitcoin is getting a very real boost on Monday with the opening of the first licensed U.S. exchange. Coinbase Inc., a startup backed by $106 million from the New York Stock Exchange, banks and venture-capital firms, said its exchange will… Continue reading The First US Bitcoin Exchange Opens Today
Comment Jim Bianco was on CNBC yesterday discussing the ECB’s decision to start QE. To view the interview, click on the image above. To view any of our recent interviews, click here. Yesterday Jim hosted an internal conference call discussing the ECB QE announcement, earnings and the Fed. Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/012215.mp3|titles=Conference Call ] [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/012215.flv” width=”600″… Continue reading Discussing The ECB QE Announcement
<Click on chart for larger image> The Financial Times – Euro tumbles most in 3 years after ECB move The euro tumbled the most in more than three years to fresh 11-year lows, a day after the European Central Bank outstripped market expectations with its long-awaited plan to spur the economy and counter deflation. The… Continue reading Is The Bottom About To Drop Out Of The Euro?
The Wall Street Journal – MoneyBeat: Will This Be a Lost Year for Earnings? Oil is taking a toll on fourth-quarter profits, but the worst is yet to come. This year is going to be a “lost year for earnings,” Bank of America Merrill Lynch warned this week. That’s largely due to oil’s precipitous plunge… Continue reading Earnings’ Lost Year?
MarketWatch – Soros says these ‘hellish’ markets make him less bullish So George Soros has been whining at Davos about the hellish lives of hedge-fund managers these days. Perhaps it makes sense, then, that “The Man Who Broke the Bank of England” also chose to make Davos his platform for announcing that his retirement (and… Continue reading People With Great Reputations Are Worried
<Click on chart for larger image> Dealbook (NYT Blog) – Winklevoss Twins Aim to Take Bitcoin Mainstream Bitcoin, the virtual currency that was once the talk of the financial world, has been taking a beating over the last year with the price tumbling downward. Now two of the biggest boosters of the virtual currency, Cameron… Continue reading Winklevii Still Bullish Bitcoin
Real Time Economics (WSJ Blog) – Tom Brady, Monetary Economist? ‘I Have No Explanation’ For Deflation Mario Draghi: Meet Tom Brady, who has some experience with a brutal environment in which longstanding rules are sometimes broken. Tom Brady: Meet Mario Draghi, who knows inflation is the most prudent goal these days.
BusinessWeek – Elon Musk: Guest-Starring on The Simpsons Was ‘Kind of Trippy’ This Sunday, Musk, the head honcho at Tesla Motors and SpaceX, will enjoy the rare experience of watching himself in a Simpsons episode called “The Musk Who Fell to Earth.” The episode was inspired by a meeting Musk had with James L. Brooks, the… Continue reading Doesn’t This Kind Of Celebrity Happen At A High?
<Click on chart for larger image> Bloomberg – The Super Bowl Wings Will Be Fat, Yes, But Pricey Too On Super Bowl Sunday, expect two things when your order of chicken wings arrives: They’ll be fat, and they’ll be pricey. First the fat part. American farmers are giving their chickens extra feed, taking advantage of… Continue reading The Ultimate Economic Indicator, Chicken Wings
Comment As we send today’s edition, Mario Draghi is explaining the new ECB QE program. We will have more on this tomorrow. The Wall Street Journal – David Malpass: The World’s Monetary Dead End The European Central Bank embraces quantitative easing despite the sorry track record of ‘helicopter money.’ Central banks in the U.S., Japan… Continue reading ECB QE