Comment Today at 9 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 BST), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Join us today as we discuss whether the economy is about to break out to a higher level of growth. We will… Continue reading Is The Economy About To Break Out?
Propublica – Jesse Eisinger: The Fed Hates To Burst Your Bubble Is the Fed cautiousness an effort to protect the investing class? Mr. Stein says no. “It’s not because the F.O.M.C. cares about people in the market and is trying to backstop them,” he said, referring to theFederal Open Market Committee. “It’s because they care… Continue reading The Fed Will Not Pop Bubbles
The Wall Street Journal – Thank the Fed for That Lower Deficit One…trillion…dollars—mwa ha ha! Thirteen digits preceded by a dollar sign may lack the power to shock that it once did, but it remains a mark of shame in Washington. After posting four consecutive years of budget deficits topping that sum through 2012, the… Continue reading QE’s Effect On The Deficit
The Financial Times – ECB to press ahead with ABS-buying programme The European Central Bank yesterday pledged to press ahead with plans to revive the stagnant eurozone economy by buying asset-backed securities (ABS), despite growing doubts from Germany and France. In a report, disclosed by Bloomberg News agency on Tuesday, the French and German governments… Continue reading The ECB’s Asset Purchases
Yahoo Finance – Why the Alibaba IPO may mark a top for stocks Chinese e-commerce giant Alibaba is set to raise as much as $24 billion dollars in its initial public offering, valuing the company at some $150 billion, which would make it the biggest IPO ever in terms of both valuation and amount raised…But… Continue reading Does Alibaba’s IPO Mark A High?
Real Time Economics (WSJ Blog) – Jon Hilsenrath: Can The Fed Drop “Considerable Time” Without Spooking Markets? Can Fed officials craft a message that frees them from the commitment without appearing to the market to be binding themselves to the beginning of a new rate hike cycle? They could change considerable time and leave other… Continue reading Timing The First Rate Hike
The Wall Street Journal – The Federal Reserve’s Too Cozy Relations With Banks The Fed’s multibillion-dollar assistance to financial institutions—including lending commitments to Citigroup and Bank of America, supporting J.P. Morgan’s purchase of Bear Stearns, rescuing AIG and through that aid to Goldman Sachs and many others—occurred without transparency. After Bloomberg News filed a Freedom… Continue reading The Fed’s Relationship With Big Banks
Bloomberg.com – Mohamed El-Erian: Will Currencies Undermine Calm in Markets? Currency markets are back in the news as the U.S. dollar has gained sharply against the euro and yen, and jitters about Scottish independence have hit the pound. So far, though, analysts are largely missing an important potential consequence of the gyrations: They could erode… Continue reading Currency Volatility Picks Up
<Click on chart for larger image> The Wall Street Journal – Scotland Likely to Stay in U.K., Poll Shows A new poll on Wednesday suggested Scots will vote to stay in the U.K. in a referendum on independence next week. Scots will vote Sept. 18 on whether to go it alone as an independent country… Continue reading More On Scotland’s Decision
The Wall Street Journal – Luxury Homes: Priced to Sell at $30 Million Want to sell your home fast? Maybe you should list it for over $30 million. Luxury homes are selling faster than last year, according to data through July from listing website Realtor.com. And while bigger price tags typically mean more days on… Continue reading High End Real Estate
Daily Press – Paul Montgomery, 72, noted investment expert from Newport News, dies He was a nationally-renowned forecaster of stock and bond markets who chose to stay put in his home town of Newport News, a serious student of statistics whose sense of the ridiculous led to his lighthearted discovery of the women’s hemlines indicator… Continue reading R.I.P. Paul Montgomery
CNBC – Is Apple Pay a bitcoin killer? With Apple Pay, the tech juggernaut has begun its assault on antiquated payment networks. The launch could not have come at a better time, as consumers have been inundated with security breaches and are likely ready to make a change. The concept of a “tokenization” or a… Continue reading Apple Pay vs. Bitcoin