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Diverging Markets, Shades Of 2007?
January 16, 2015
Comment Yesterday we hosted a conference call titled Diverging Markets, Shades Of 2007. To listen to the mp3 or view the handout, click on the links below. Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/011515.mp3|titles=Conference Call ] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=235″]
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More On Switzerland
January 16, 2015
Comment In the interview above and article below, Jim Grant offers his expertise on the Swiss decision. Grants Interest Rate Observer – (September 19, 2014) The balance sheet that ate Switzerland A bet on a higher Swiss/euro exchange rate implies that the SNB will stop intervening. What monetary or political forces might converge to persuade… Continue reading More On Switzerland
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A Partial Capitulation In Bond Market Sentiment
January 16, 2015
The New York Times – For Bond Investors, That Other Shoe Still Didn’t Drop BONDS confounded conventional wisdom in 2014 with a much-better-than-expected return.“If you asked anyone at the beginning of 2014 where the rate on the 10-year Treasury would end the year, I don’t think anyone would have said lower, and most would have… Continue reading A Partial Capitulation In Bond Market Sentiment
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The Federal Reserve: There Is No Fed Equity Market Put
January 16, 2015
Reuters.com – Unfazed by market swings, Fed sticks to mid-2015 hike scenario Tumbling oil prices have strengthened rather than weakened the Federal Reserve’s resolve to start raising interest rates around midyear even as volatile markets and a softening U.S. inflation outlook made investors push back the timing of the “liftoff.” Interviews with senior Fed officials… Continue reading The Federal Reserve: There Is No Fed Equity Market Put
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Economists Looks For 3% Growth, Keep Eye On Wages, The Fed and Housing
January 16, 2015
<Click on chart for larger image> The Wall Street Journal – WSJ Survey: Economists See 2015 GDP Growth at 3% Falling oil prices will be a boon to the domestic economy at least through the first half of the year, but the price drop also means the U.S. will flirt briefly with deflation, according to… Continue reading Economists Looks For 3% Growth, Keep Eye On Wages, The Fed and Housing
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“Francogeddon” Causes FX Brokerages To Tumble And Some Are Forced To Close
January 16, 2015
Bloomberg Businessweek – FXCM Faces Losses on Franc Trades as Swiss Shock Spreads Shares in the largest U.S. retail foreign-exchange brokerage slumped in pre-market trading in New York as upheaval caused by a surge in the Swiss franc rippled from New Zealand to the U.S. FXCM Inc. (FXCM:US), which handled a record $1.4 trillion of… Continue reading “Francogeddon” Causes FX Brokerages To Tumble And Some Are Forced To Close
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Is Supply Or Demand Causing The Fall In Crude Oil Prices?
January 16, 2015
St Louis Federal Reserve – Oil Prices: Is Supply or Demand behind the Slump? Oil prices have dropped more than 50 percent since mid-2014. Establishing whether demand or supply factors lie behind this slump is possibly useful for understanding its potential impact on the economy. We set out to replicate a leading statistical decomposition of… Continue reading Is Supply Or Demand Causing The Fall In Crude Oil Prices?
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Wall Street Can Handle Cheap Oil
January 16, 2015
The Financial Times – Gillian Tett: Finance can cope with cheap oil If companies default the effects will ripple through the system — but they will not make waves There is no denying that bonds and derivatives whose value is linked to the oil price make up a noticeable chunk of the financial universe. They… Continue reading Wall Street Can Handle Cheap Oil
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What Good Are Economists?
January 16, 2015
Project Syndicate – What Good Are Economists? Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few professional economists to forecast the episode – the aftereffects of which still linger – has led many to question whether the economics profession contributes anything… Continue reading What Good Are Economists?
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Cartoons
January 16, 2015
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Newsclips
Diverging Markets, Shades of 2007?
January 15, 2015
Comment Today at 9 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 GMT), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Interest rates around the world are down. World stock markets, excluding the U.S., are down. Commodities are plunging. Essentially everything is down… Continue reading Diverging Markets, Shades of 2007?