The Wall Street Journal – BOE’s Haldane to Boldly Go Where No Central Banker Has Gone Before “The international monetary and financial system has undergone a mini-revolution in the space of a generation as a result of financial globalization,” Mr. Haldane said, according to a text of his remarks. “It has become a genuine system.… Continue reading Global Monetary Policy
<Click on chart for larger image> The Wall Street Journal – Events Could Test History for U.S. Stocks History tells us stocks now are entering what normally is their strongest period for gains. But some investors worry that this year, current events could outweigh history. Over the past 100 years, the best three-month stretch for… Continue reading Stocks Enter Strong Seasonal Period
Barron’s – Andrew Bary: Buy When the World Is Selling Investors hate commodities these days, which is one good reason to consider them for your portfolio. The conventional wisdom could be wrong. Commodity markets often are self-correcting because lower prices tend to stimulate demand. And money printing ultimately could prove inflationary. Two longtime knocks against… Continue reading Contrarian Investing In Commodities
The Financial Times – Mohamed El-Erian: How to read the Dow Jones ups and downs The Dow Jones index has moved more than 100 points up or down on many trading days over the past four weeks, marking an impressive return of stock market volatility . Yet the broader implications are far from clear, if… Continue reading Interpreting The Stock Market’s Recent Volatility
Japanese TV explains the difference between Kuroda and Yellen
Comment Yesterday Jim hosted a conference call titled “Volatility and the Economy.” If you missed it, the presentation package and audio are below: [audio:https://www.biancoresearch.com/bianco/SubscriberArea/103014.mp3|titles=Conference Call ] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=220″]
The Wall Street Journal – Bank of Japan Unexpectedly Eases Policy Surprise Easing Underscores How Sales Tax Rise Has Dented “Abenomics” The Bank of Japan on Friday unexpectedly announced additional stimulus measures, bolstering its asset purchases for the first time in over a year and a half, as its 2% inflation target looks increasingly untenable.… Continue reading The BoJ Turns Up The Printing Press
The New York Times – Neil Irwin: It Was a Good Summer for the Economy, but the Future Looks Less Bright It was quite a strong summer for the American economy. The question now is how it will hold up over the months ahead. That’s the main thing to take away from Thursday’s report on… Continue reading Q3 GDP Beats
The Wall Street Journal – Fed’s New Reverse Repo Terms Catch Wall Street’s Attention Market participants say the Federal Reserve’s latest changes to a program aimed at controlling short-term interest rates show the central bank is edging ever closer to the day when it will raise interest rates. The alterations in the Fed’s reverse repurchase… Continue reading Reverse Repo
Bloomberg.com – ConocoPhillips Becomes First to Cut Spending on Lower Oil ConocoPhillips became the first major oil company to announce plans to reduce spending due to falling crude prices as drilling in some emerging North American fields becomes less profitable. The third-largest U.S. energy producer can meet its target to boost production by as much… Continue reading Lower Oil Changes Behavior At The Oil Companies
Real Time Economics – Who Owns Stocks? It’s Not Just the Rich Millions of Americans have exited the stock market in recent years and are now missing out on the benefits of the equities boom since 2009. It might be tempting to assume that stock ownership is primarily a “rich-person problem,” but a look at… Continue reading Who Owns Stocks
The Wall Street Journal – Goldman: Global Slowdown to Take Bite Out of S&P 500 Earnings The investment bank’s team of equity strategists cut their outlook for S&P 500 corporate earnings in a client note late Wednesday, citing the troubles in economies overseas. They also grappled with the impact on earnings of a stronger dollar… Continue reading Earnings Slowing???