The Daily ShowGet More: Daily Show Full Episodes,The Daily Show on Facebook,Daily Show Video Archive ProPublica – Jesse Eisinger: Seeking Tough Justice, but Settling for Empty Promises The Justice Department is readying charges against Credit Suisse and BNP Paribas, two overseas banks under scrutiny for violations of United States law. Leave aside the appearance that… Continue reading Prosecuting Wall Street
The Financial Times – The Bank of England must curb its institutional dovishness The parallel charge against the BoE is that it is institutionally dovish. The bank does not wilfully administer a policy of extraordinary stimulus whether it is needed or not. But it may be prone to a subtler bias. Are its attitudes to… Continue reading A Dovish Bias At The BoE
Conference Call Presentation/Charts of the Week Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/050814.mp3|titles=Conference Call ] Topics Covered This Week Include: Sentiment Is Bearish 10-Year Note And LT Bond CoT Report 5-Year Treasury CoT Report Eurodollar CoT Report Foreign Purchases Of Bonds Mutual Fund Movements Pensions And Treasuries Fed Buying Of Treasuries World QE Who Buys Corporates? Investors Buy Corporates Stock/Bond… Continue reading Conference Call Presentation/Charts of the Week
The Financial Times – Treasury sales to test investor appetite Bond investors face buying long-term US Treasury debt this week at their lowest yields since last summer’s taper tantrum, in a test of near-term sentiment for an asset class that has delivered a double digit return so far this year. The pronounced drop in long-term… Continue reading More On The Bond Market
The Washington Post – Why homes are hitting bubble-era prices without bubble-era headaches Home values in those states climbed fastest during the boom years and then crashed hardest during the crisis. They too experienced price gains in March from a year ago, with increases of 17.2 percent in California and 15.5 percent in Nevada. But… Continue reading Home Prices On The Rise
<Click on chart for larger image> FT Alphaville – Robin Harding: The Fed’s riposte on short v long-term unemployment A series of high profile economists such as Alan Krueger, former chair of president Barack Obama’s council of economic advisors, have published papers recently suggesting the long-term unemployed are too disconnected from the labour marketto hold… Continue reading Short vs. Long-Term Unemployment
[pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=186″] The Wall Street Journal – Fed’s Stein: Even Clearest Communications Won’t Stop Volatility Mr. Stein suggested it might be better for the Fed not to worry so much about volatility its communications may spark. “There is always a temptation for the central bank to speak in a whisper, because anything that gets… Continue reading Jeremy Stein Speaks
The Financial Times – Martin Wolf: Wipe out rentiers with cheap money Cautious savers no longer serve a useful economic purpose At present the world’s high propensity to save is not matched by a desire to invest. This is why fiscal deficits remain large and interest rates ultra-low. At the margin, additional savings are now… Continue reading Cheap Money
<Click on chart for larger image> Quartz – The radically sensible idea that’s lowering America’s massive monthly student debt payments The income-based repayment program (IBR) was instituted by the US Department of Education in 2009. It caps monthly loan payments at 15% of the borrower’s discretionary income and forgives loans after 25 years. A separate… Continue reading Student Loans
Bloomberg Businessweek – Einhorn Finds Dinner Chat With Bernanke ‘Frightening’ Bernanke responded “you are wrong” to a question about the diminishing returns of having interest rates at zero, according to the hedge-fund manager. The ex-Fed chief’s explanation, Einhorn said, was that raising interest rates to benefit savers wouldn’t be the right move for the economy… Continue reading Einhorn Discusses His “Frightening” Dinner Chat With Bernanke
Real Time Economics – The Economic Cost of Crisis There are a growing number of signs that Ukraine and Russia’s economies also will face devastating economic losses from their current geopolitical crisis. As Ukraine’s fledgling government has struggled to overcome an insurgency in the country’s eastern region, its economy has been on the verge of… Continue reading The Cost Of A Crisis