The Associated Press – Bakken oil fields mark billionth barrel of oil Bakken oil fields of North Dakota, Montana mark billionth barrel of crude oil production Oil drillers targeting the rich Bakken shale formation in western North Dakota and eastern Montana have produced 1 billion barrels of crude, data from the two states show. Drillers… Continue reading Bakken Crude Oil Production Hits Milestone
Zero Hedge – “It’s Not The Economy, Stupid; It’s Tuesday” Housing data weaker than expected? Check. Consumer confidence weaker than expected? Check. New cycle highs in stocks – check, check, and check. Why not – after all, as we noted this morning, what really matters is JPY and the fact that it’s Tuesday. The Dow… Continue reading Stock Market Performance On Tuesdays
CNSnews.com – BLS: In 20% of American Families, No One Works In 20 percent of American families in 2013, according to new data released by the Bureau of Labor Statistics (BLS), not one member of the family worked. A family, as defined by the BLS, is a group of two or more people who live… Continue reading No One Works In 20% Of American Families
Comment Jim Bianco was on CNBC yesterday discussing the markets. To view the interview, click on the image above. To view any of our recent, click here.
USA Today – Blockbuster mergers not always a cure Big mergers make for big news, but they don’t always make good deals. Buyers nearly always overpay for the company they purchase, and integrating the two companies is often problematic. Pfizer announced Monday that it had made a $100 billion offer for AstraZeneca, and that the… Continue reading Are We Seeing A Merger-Mania?
[pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=183″] CNBC – Wall Street looking for more hawkish Fed policy: CNBC survey Wall Street is now forecasting a slightly more hawkish monetary policy over the next two years in a change that follows the first press conferences and major economic speeches by new Fed Chair Janet Yellen. The April CNBC Fed Survey… Continue reading The Fed Meets, What Is Expected?
Bloomberg.com – Old Normal Returns as Pimco Sees ‘New Destination’ for U.S. Growth The “new normal” U.S. economy is starting to look more like a classic expansion. Signs of a quickening recovery are casting doubt on the notion that lasting stagnation has become the norm for the world’s largest economy, a view advanced by Pacific… Continue reading Is The New Normal Over (Again)?
Dealb%%k (NYT Blog) – Bank of America Finds a Mistake: $4 Billion Less Capital Bank of America disclosed on Monday that it had made a significant error in the way it calculates a crucial measure of its financial health, suffering another blow to its effort to shake its troubled history. The mistake, which had gone… Continue reading BofA’s Mistake
Bloomberg.com – Draghi Tells German Lawmakers ECB Bond-Purchases Unlikely European Central Bank President Mario Draghi told German lawmakers that a quantitative-easing program isn’t imminent and is relatively unlikely for now, according to a euro-area official present at the meeting. The central bank stands ready to embark on QE if needed, Draghi said at the gathering… Continue reading QE For The ECB?
CNBC – ‘Almost every asset is overvalued’: Apollo pro Just because many forecasters predict the U.S. economy will continue to grow doesn’t mean it’s easy to make money. “The quantitative easing and the excess money and the low interest rates have driven pricing up of almost all financial assets to beyond what their intrinsic value… Continue reading More Scary Talk
Gallup – Average U.S. Retirement Age Rises to 62 Younger Americans are more likely to expect to retire before age 55 The average age at which U.S. retirees report retiring is 62, the highest Gallup has found since first asking Americans this question in 1991. This age has increased in recent years, while the average… Continue reading When Do We Expect To Retire?