<Click on chart for larger image> Federal Reserve Bank Of Atlanta – Looking Beyond the Job-Finding Rate: The Difficulty of Finding Full-Time Work Our conclusion, clearly identified in the chart, was that short-term unemployment and PTER have been statistically responsible for the tepid growth in wages over the course of the recovery. What’s more, as… Continue reading Finding Full-Time Work
Bloomberg.com – Dubai Stocks Extend Rout With Biggest Drop Since August Dubai stocks dropped the most in 10 months following top-level dismissals at Arabtec, the United Arab Emirates’ largest-listed builder. Arabtec dropped 9.8 percent to the lowest since January after the company confirmed it cut staff. People familiar with the matter said yesterday the company’s… Continue reading Dubai Stumbles
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The Federal Reserve, Interest Rates, and the Economy A transcript of the June 19, 2014 conference call. Audio Link of Conference Call Handout (also shown below) [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/062014.flv” width=”600″ height=”495″ description=”” player=”3″ autoload=”false” autoplay=”false” loop=”false” autorewind=”true” splashimage=”https://www.biancoresearch.com/bianco/wp-content/themes/twentyten/images/splash.jpg” /] <Click above to view webcast> [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=194″] Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/061914.mp3|titles=Conference Call ]
<Click on chart for larger image> Real Time Economics (WSJ Blog) – Fitch Report: Fed’s Reverse Repos Are Reshaping the Securities-Borrowing Market Although it’s only in a testing phase, a Federal Reserve program aimed at improving central bank control over short-term interest rates is already reshaping the markets where dealers go to finance their bond-trading… Continue reading The Consequences Of The Fed’s Repo Facility
The Financial Times – Central banks set to cut debt holdings Central banks are planning to cut their exposure to longer-term debt to protect themselves from losses when the Federal Reserve ends its bond-buying this autumn, increasing the risk of instability in global markets. The majority of respondents in a survey of reserve managers who… Continue reading Even Central Banks Expect Higher Yields
<Click on chart for larger image> Business Insider – There’s A Big Disagreement Between Wall Street And The Fed — And It Will Be The Story Of The Summer Here’s what’s on Wall Street’s mind right now: Inflation is finally happening, and the Fed will end up being behind the curve. The events of the… Continue reading Debating Inflation
The Financial Times – US stocks sail on but scan the horizon for a correction Is a correction coming? And if no correction is imminent, how will we tell when it is? There are a number of indicators: First, look within the market. The trend over the past two years has been remarkably disciplined. It… Continue reading Looking For A Correction
Real Time Economics (WSJ Blog) – Two-Thirds of U.S. States Still Haven’t Recovered the Jobs Lost in the Recession The U.S. economy last month finally recovered all the jobs lost in the 2007-2009 recession. But it’s been an uneven recovery, leaving two-thirds of states still short of their peak for total payrolls. Seventeen states plus… Continue reading The Jobs Market
Bloomberg.com – Can Yellen Float Above Politics? The Fed is more of an anomaly in the U.S. system of government than is generally acknowledged. It has tacit permission to float above politics — in this country, an almost unique privilege. It isn’t as though its decisions stand outside the normal terrain of political debate. How… Continue reading Federal Reserve Independence
The Wall Street Journal – Student Debt Takes a Toll on Some Home Buyers Homeownership among Americans under age 35 hit the lowest level on record earlier this year, just as indebtedness among college grads notched a new high. That has stirred debate among economists and policy makers over whether the two forces are related:… Continue reading Student Debt Is Affecting The Housing Market
The Wall Street Journal – Beware of Reading Too Much Into Fear Gauge Skeptics of the VIX’s usefulness as a danger signal can point to instances such as Dec. 22, 1993. It was hardly a date that would live in infamy, but it did see a record-low close for the index. True, the market did… Continue reading The VIX As A Fear Gauge