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March 31, 2014
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Comment Jim Bianco was on Bloomberg TV yesterday discussing the markets and the prospects for inflation. To view the interview, click on the image above. To view any of our recent interviews, click here. The Wall Street Journal- Jon Hilsenrath: Fed Officials Moving Slowly on Managing Rate-Increase Mechanics Central Bankers Have Several Possible Options Once… Continue reading Discussing The Markets, Inflation And The Federal Reserve
<Click on chart for larger image> Reuters.com – Foreign U.S. debt holdings jump for second week -Fed data Foreign central bank holdings of U.S. Treasuries at the Federal Reserve rose for a second straight week following a record drop three weeks ago, according to Fed data released on Thursday. Overseas central banks increased their U.S.… Continue reading More Confusion About The Fed’s Custody Account
Comment Attached are three charts showing the 3-year versus 30-year yield curve, the 5-year versus 30-year yield curve and the 7-year versus 30-year yield curve. The 200-day moving average of each is in red and the 3 standard deviation range over the previous 200 days is highlighted in grey. All three of these yield curves… Continue reading What Is The Yield Curve Telling Us?
Futures Mag – U.S. swimming in oil Gulf Coast supplies soar hitting an all-time high but not enough to get the seasonally slap happy oil market to slow down. One reason may be the Houston Shipping Channel will cut into supply in coming weeks as well as a stubbornly weak dollar. While the stock market… Continue reading The U.S. Is Drowning In Oil
Barron’s – The Case Against This Stock Market Everyone from hedge-fund star Seth Klarman to Website impresario Henry Blodget has soured on stocks. Writing in his latest investment letter, Klarman, the founder of Boston-based Baupost Group, argues that he sees artificially high prices everywhere he looks in the stock and bond markets. “A policy of… Continue reading Where Does The Stock Market Go From Here?
The Wall Street Journal – The Wrong Remedy for Fannie and Freddie More than five years after a mortgage mania led to a global financial crisis rivaling the Great Depression, Washington is finally turning to home-loan finance reform. Early in April the Senate Banking Committee will vote on a bill by Chairman Tim Johnson and… Continue reading Fannie And Freddie
Slate – Right Said Fed Why does the investing class hang on Janet Yellen’s every word and move? The very notion that Fed policy—or any central bank policy—is the primary determinant of the global financial system should be questioned. Yes, central banks have a played a vital role in staving off crises in 2008–09 and… Continue reading Discussing Yellen’s “Considerable Period” Comment
The Associated Press – $1 trillion student loan debt widens US wealth gap Rising college costs add to $1 trillion student loan debt, widening US wealth gap Every month that Gregory Zbylut pays $1,300 toward his law school loans is another month of not qualifying for a decent mortgage. Every payment toward their student loans… Continue reading Students Loan Debt Widens Wealth Gap
MarketWatch.com – Fed’s Bullard: Financial stability concerns loom large “I don’t see a major bubble right now, but one will form as we are trying to remove the accommodation in the years ahead, because that’s what exactly had happened in the 2004-2006 period,” Bullard told the Credit Suisse Asian Investment Conference in Hong Kong. “I… Continue reading Bullard Speaks
The Financial Times – Struggling eurozone risks losing its good looks Shift into current account surplus not all good news Record unemployment, economies reeling from the worst crisis since 1945, deflation risks – and a possible war over Ukraine to its east: just what have markets found so attractive about the eurozone lately? Flows have… Continue reading Europe
The Financial Times – Fed feels backlash over stress tests The stress tests provided a tailwind to US bank stocks when they were first deployed in 2009, shoring up confidence that the sector could withstand a deterioration of the financial crisis. But the Fed has since raised the bar each year, demanding more capital and… Continue reading Stressing Out Over Stress Tests