BusinessWeek – Wall Street’s Worst-Case Scenario: A Run on Bonds Wall Street firms are warning clients that if fund investors who view bonds as safe are hit with sudden losses, there could be something akin to a run on the bond market. The worry isn’t only that investors’ bottom lines would take a hit. It’s… Continue reading 99% Of World Is Predicting An Imminent Collapse In The Bond Market
Project Syndicate – Kenneth Rogoff: Europe’s Debt Wish Eurozone leaders continue to debate how best to reinvigorate economic growth, with French and Italian leaders now arguing that the eurozone’s rigid “fiscal compact” should be loosened. Meanwhile, the leaders of the eurozone’s northern member countries continue to push for more serious implementation of structural reform. Ideally,… Continue reading Europe Still Has Problems
<Click on chart for larger image> The Financial Times – Fears grow over long-term hit to Iraq oil output As the Sunni insurgency has stalled and its fighters have looked to consolidate their gains, fears about a hit to Iraq’s oil production have faded. So has the oil price. Crude has dropped $5 a barrel… Continue reading Iraqi Crude
China Daily – China, US to discuss yuan, monetary policy China and the United States will discuss the yuan’s value as well as the impact of US monetary policy at a meeting this week, Chinese Vice-Finance Minister Zhu Guangyao said on Monday. Top Chinese and US officials, including US Treasury Secretary Jack Lew, will hold… Continue reading China
MarketWatch.com – Why trading volume is tumbling, explained in 5 charts Where have all the traders gone? That’s been a common refrain in the last few years for many market watchers. These folks worry that lower trading volumes for U.S. stocks might indicate a disturbing lack of confidence in the market, even as stock prices… Continue reading Low Trading Volume Explained In Pictures
<Click on chart for larger image> Recode – The Future of the Workforce May Be Part-Time, Says Google CEO Larry Page One of the most important tech overlords, Google CEO Larry Page, thinks most people want to work, but they’d be happy working less. Page’s take: We have enough resources to provide for humanity. “The… Continue reading Everyone Should Work Part-Time
Business Insider – The Most Powerful Person In Finance At Every Age In finance experience is everything, but these people show you can be 18, 38, 68, or 108 and still be a powerhouse on Wall Street. From teen traders to veteran executives, we found the most powerful person in finance at every age. These… Continue reading Age Group Finance Chiefs
The Wall Street Journal – Banks’ Cuts Fall Short as Growth Stays Tepid Rising Pay, Regulatory Costs Offset Recent Efforts The biggest Wall Street banks have slashed tens of thousands of jobs and pruned all manner of expenses since the financial crisis. But expanding pay packages and the rising cost of complying with government regulations… Continue reading Cutting Jobs At Big Banks
The New York Times – Neil Irwin: Welcome to the Everything Boom, or Maybe the Everything Bubble Welcome to the Everything Boom — and, quite possibly, the Everything Bubble. Around the world, nearly every asset class is expensive by historical standards. Stocks and bonds; emerging markets and advanced economies; urban office towers and Iowa farmland;… Continue reading Bubbles Everywhere!
Today is the 125th anniversary of The Wall Street Journal. The image below highlights some of the issues at the time of the first month’s edition while using updated formatting. Notice how little has changed.
Comment Jim Bianco was on CNBC with Rick Santelli discussing the payroll report. To view the interview, click on the image above. To view any of our recent interviews click here. The Corner (Blog) – With the Jobs Report, Fireworks Come Early Looks like the labor market started its fireworks a little early. Payrolls grew… Continue reading One More Look At The Payroll Report
The Financial Times – David Pilling: Has GDP outgrown its use? Governments and the media obsess about it while statisticians endlessly fiddle – but what is the real point of GDP and can it ever be accurately measured? At the heart of the GDP debate is an anxiety that our societies have been somehow hijacked… Continue reading The Meaning of GDP