<Click on chart for larger image> Bloomberg.com – Turkey Central Bank Fails to Arrest Lira Slide With Intervention The Turkish central bank’s first unscheduled currency interventions in more than two years failed to stem the lira’s slide. The currency plunged as much as 2 percent to a record 2.3029 per dollar after the central bank… Continue reading Turkey Also Has Problems
The Washington Times – Moody’s downgrades health insurers, citing Obamacare Warns of ‘unstable and evolving regulatory environment’The nation’s health insurers have been damaged by the shaky Obamacare rollout, a top credit-rating agency said as it downgraded the industry’s outlook Thursday — even as new numbers suggested President Obama’s health law is showing some successes. Moody’s… Continue reading Is Obamacare Going To Drag The Economy Lower?
Reuters – Pimco’s Gross problem: who can succeed the ‘Bond King’? When Pimco co-founder Bill Gross’ heir apparent abruptly stepped down this week, the news illustrated just how reliant the company is on its star manager, an uncomfortable fact for investors who worry the 69-year-old has not done enough to find a replacement. With Mohamed… Continue reading The Next Bill Gross
<Click on chart for larger image> The Financial Times – Argentina peso plunges after central bank pulls support Argentina’s peso suffered its biggest one-day fall since a 2002 financial crisis after the country’s central bank scaled back support for the currency in an effort to preserve foreign exchange reserves that have fallen by almost a… Continue reading Argentina Devalues
The Telegraph – Trying to deleverage China without blowing up the system China is walking a tightrope without a net. There is an acute cash crunch. Credit at a viable cost is being fiercely rationed. Foreign buyers with money in hand can – and are – buying up nearly completed buildings from distressed developers for… Continue reading Trying Not To Blow Up China
None Today
The Wall Street Journal – Can Rising Property Values Spur Wary Japanese to Spend? Economists say a real-estate recovery would help reverse the debilitating psychic damage suffered by Japan’s consumers after years of falling prices. The nation’s so-called deflationary mind-set—characterized by a deep-seated pessimism about the future—has steered Japanese toward hoarding and caution, and away… Continue reading A Wealth Effect In Japan?
<Click on chart for larger image> MoneyBeat (WSJ Blog) – Correlations Drop; Stock Pickers Rejoice If you’re a stock picker, you have to like what you’ve seen throughout the first few weeks of the year. The major U.S. stock indexes are all over the map in 2014, a stark contrast to what has predominantly transpired… Continue reading Stock Picking
<Click on chart for larger image> The Financial Times – Money markets sound alarm for ECB Sudden rises in very short-term market interest rates – the cost of borrowing overnight, for instance – usually spell trouble. Soaring Chinese interbank borrowing costs at the end of last year highlighted the central bank’s difficulties in curbing the… Continue reading European Money Markets
Zero Hedge – 1.4 Million Jobless Officially Get The Emergency Claims Axe Initial claims rose very marginally week over week (with the declining trend of early 2013 now over); continung claims rose more – considerably more than expectations – with its biggest 7-week rise since early 2009 to the highest in 6 months; but the… Continue reading Is The Unemployment Rate About To Collapse?
<Click on chart for larger image> MoneyBeat (WSJ Blog) – JPM’s Thomas Lee: Investors to Get ‘Confidence Boost’ From Earnings Season Investors uneasy about buying stocks after last year’s rally, take heart: Better earnings are on the way, according to J.P. Morgan’s Thomas Lee. In a preview of fourth-quarter results, Mr.Lee says in a client… Continue reading Earnings Season Happy Talk
[pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=170″] The LA Times – Global unemployment jumped to nearly 202 million last year Global unemployment jumped to nearly 202 million in 2013 as jobs failed to keep up with the world’s growing labor force, according to one report. That represents an almost 5 million increase from 2012, with almost half of the… Continue reading Unemployment