Real Time Economics – Revisions Boost Growth in 2013, But Show Weaker Overall Recovery The U.S. economy expanded at a stronger pace in the second half of 2013 than previously measured, growing at the fastest rate since 2003, according to revised data released by the Commerce Department on Wednesday. But the figures also show that… Continue reading The Weak Recovery
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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 review the busy economic calender this week. We will offer our perspective on earnings, the FOMC… Continue reading Some Perspective On This Week’s Economic Releases
The Wall Street Journal – U.S. Second-Quarter GDP Expands at 4.0% Rate The U.S. economy rebounded strongly this spring after a first-quarter contraction, eking out positive growth over the past six months and raising hopes for sustained growth in the second half of 2014. Gross domestic product, the broadest measure of goods and services produced… Continue reading Market Capitalization As A Percentage Of GDP
Comment Yesterday Jim Bianco was on Bloomberg Asia discussing sanctions against Russia along with other market issues. To view the interview, click on the image above. To view any of our recent interviews click here. The Wall Street Journal – Putin’s Costs Grow The U.S. and European Union on Tuesday finally made good on their… Continue reading Russian Sanctions
CNBC – Steve Liesman: Wall Street worries Fed’s easing will ‘end badly’ In its July Fed Survey, CNBC asked Wall Street pros how the Fed’s current policies will end and found market participants surprisingly divided. Thirty-four percent say the most likely outcome is that it “will end badly,” which we defined as either a recession,… Continue reading The Fed Meets Today
MarketWatch – Mark Hulbert: Why the 10-year Treasury could yield 4% by Thanksgiving Interest rates have fallen this year because the otherwise compelling case for why they should rise was missing one crucial piece — until now. That missing piece was in the sentiment arena: Far from the excessive bullishness typically seen at market tops,… Continue reading Is Everyone Really Bullish Bonds?
Real Time Economics (WSJ Blog) – Housing Slowdown? The Case-Shiller Index in Five Charts As expected, the pace of U.S. home price gains has slowed this year. Prices rose 9.3% from a year earlier in May in 20 cities tracked by the Standard & Poor’s/Case-Shiller index, down from the 10.8% increase reported last month for… Continue reading Housing Prices
The Financial Times – Argentina’s default option and its consequences Should emerging market investors as a whole care about yet another Argentine default? Or should they shrug it off as another case of Argentina managing to find new ways of messing up that other countries are unlikely to be willing or able to emulate? The… Continue reading Argentina’s Bond Dilemma
MoneyBeat (WSJ Blog) – Blackstone’s Byron Wien: Why S&P 500 Could Hit 2300 This Year Enough with the pessimism already. Byron Wien, a senior adviser at Blackstone Group, says the S&P 500 could rise another 17% this year. In his monthly commentary, Mr. Wien says an improving economy, persistent earnings growth and continue stock buybacks… Continue reading Byron Wien Looks For S&P To Hit 2300 This Year
The Financial Times – Robin Harding: Fear of bubbles hides the danger of stagnation The gloomier economic outlook is that interest rates are low for good reason, says Robin Harding Those who think there is a bubble believe that central banks have kept interest rates unjustifiably low. By buying bonds in the name of quantitative… Continue reading Secular Stagnation