Zack.com – A Herd of S&P 500 Q2 Earnings Reports We get into the herd of the Q2 earnings this week, with more 140 S&P 500 members reporting results…Total earnings for these 88 companies are up +7.6% from the same period last year on +4.2% higher revenues, with 65.9% beating EPS estimates and 68.2% coming… Continue reading An Earnings Update
The Washington Times – MORICI: Yellen’s denials of rising inflation Letting inflation fly, and fibbing about it, seems to be Ms. Yellen’s imprint on Fed policy, but it will likely impose devastating costs on ordinary Americans. Labor markets are tight for specialized technical personnel, such as in the medical, oil and gas, advanced manufacturing and… Continue reading Yellen’s Noise Grows A Little Louder
<Click on chart for larger image> Bloomberg.com – Jobs Hold Sway Over Yellen-Carney as Central Banks Splinter Before the Federal Reserve and fellow central banks go to work raising interest rates, they first need others to go to work. That’s the signal from policy makers worldwide, as even those whose mandates focus on inflation put… Continue reading Raising Rates And The Job Market
The Financial Times – Komal Sri-Kumar: US should learn from Germany on jobs Germans did not rely on central bank to solve unemployment issue Five years after the financial crisis ended, the US and eurozone are still dealing with high unemployment and slow economic growth. Long-term unemployment remains a major US political and social issue,… Continue reading How The U.S. Should Fix The Job Market
The Guardian – Larry Elliott: Economic meltdown scenario piles pressure on Russia and the west Policymakers dread slump in Russia – from further sanctions by the west – would trigger another global economic meltdown Oil prices above $200 a barrel. Energy shortages in western Europe. The return of recession to the still-fragile global economy. A… Continue reading How Sanctions On Russia Could Trigger A Global Meltdown
Project Syndicate – Simon Johnson: The Fed in Denial The United States Federal Reserve System is one of the most powerful governmental organizations in the history of the world. America’s central bank has control over the supply of dollars, and currently exerts great influence over interest rates, both for short-term and long-term borrowing. And, though… Continue reading Is The Federal Reserve In Denial?
Real Time Economics – The Foreclosure Fade, and What it Means for the Housing Market The U.S. housing market appears to be finding its footing after a sharp rise in mortgage rates last summer, on top of some big price gains, deflated sales. The National Association of Realtors reported on Tuesday that sales of previously… Continue reading The Number Of Foreclosures Fall
MarketWatch – Great Crash of 2016, third $10 trillion loss this century Greenspan’s ‘black box’ syndrome now handicaps Yellen Sometime after the Great Crash of 2016, Fed Chairwoman Janet Yellen will be testifying before Congress, just like Alan Greenspan was forced to do in 2008. She will be explaining why America has already had three… Continue reading Federal Reserve Policy Failures And The Next Market Crash
Business Insider – Myles Udland: You Might Not Realize How Close The Fed Is To Achieving Its Goals The Federal Reserve is very close to achieving its policy goals. In June, St. Louis Fed President James Bullard gave a presentation outlining just how close the Fed was to its stated goals. In that presentation, Bullard… Continue reading The Federal Reserve Is Close To Reaching It’s Policy Goals
Moneybeat – As Gaza and MH-17 Tensions Grow, How Long Can the Markets’ Calm Last? Strategists were quick to dismiss the effects of last week’s commercial airline crash in a war-torn region of Ukraine and worsening violence in Gaza as regionally contained. A hectic rush to safe havens failed to materialize, and although global stocks… Continue reading Geopolitical Risks
The Financial Times – A dose of rate reality to hit markets It may be more helpful for investors to take their cue from what the Fed does rather than try to second guess what it says. The technicals of supply and demand, for example, provide clues about how to think about the fixed income… Continue reading Treasury Supply/Demand