The Wall Street Journal – Japan No Longer an Export Powerhouse Higher energy imports played a role in Japan’s record current-account deficit in November. But the data is a sign of a more fundamental change: Japan’s three decades as one of the world’s biggest exporters may be over. From the 1980s until 2010 Japan exported… Continue reading Japan’s Exports
Federal Reserve Bank Of Atlanta – Dennis Lockhart: The Economic Outlook for 2014 – Atlanta Fed President and CEO Dennis Lockhart, in a January 13 speech at the Rotary Club of Atlanta, reviews current economic conditions, the economic outlook for the year ahead, and the Fed’s winding down of quantitative easing (QE). – Lockhart says… Continue reading Don’t Comment On Stocks, Then Comment On Stocks
MarketWatch – Brett Arends: Dinner with Goldman Sachs cost him $34 million A tycoon accuses the banking giant of sweet-talking him into a losing currency trade What’s the most money a dinner has ever cost you? Two hundred bucks? Five hundred? A thousand? Self-made Asian tycoon Peter Oei may take the award for the all-time… Continue reading My Dinner With Goldman
The Financial Times – Credit Suisse tells junior bankers to stay home on Saturdays Credit Suisse has become the latest global investment bank to introduce new working guidelines for junior bankers as financial services firms try to attract and keep young talent amid lower bonuses and stiff competition from Silicon Valley. Junior bankers should not… Continue reading On Wall Street Saturday Is Now For Play!
Comment Jim Bianco was on CNBC Friday discussing the payroll report with Rick Santelli. To view the interview, click on the image above. To view any of our recent interviews click here. MoneyBeat (WSJ Blog) – Hilsenrath: Job Report Alone Unlikely to Alter Fed’s Course Friday’s disappointing and slightly perplexing jobs report is likely to… Continue reading Explaining Away The Weak Payroll Report (Not All Bad Weather)
CNN – Stanley Fischer nominated as Fed vice chair Following disappointing news on the U.S. job market, President Obama announced that he plans to nominate two new officials to the Federal Reserve Board. Obama’s pick for Fed vice chair — the no. 2 in command at the Fed — is Stanley Fischer, a former Bank… Continue reading Fischer Nominated As Vice Chair
MoneyBeat (WSJ Blog) – Bullish Gold Bets Hit Seven-Week High Speculators are betting that gold will shine in 2014. Large hedge funds and other money managers increased their net position in gold futures and options 18% to 40,256 long contracts, or bets on higher prices, the highest level in seven weeks, according to data from… Continue reading Hedge Funds Still Cautious With Gold
The Financial Times – Deflation can still pose a danger to the fragile recovery Over the past 12 months, inflation throughout much of the world has dropped like a stone, ending up at levels wholly unanticipated at the end of 2012. If Japan’s problems partly stemmed from a failure to spot the onset of deflation,… Continue reading Is Deflation A Problem?
MoneyBeat (WSJ Blog) – Fed Sent $77.7 Billion in Profits to Treasury Last Year The Federal Reserve sent about $77.7 billion in profits to the Treasury Department in 2013, the result of gains reaped from its unconventional efforts to spur economic growth. Last year, the Fed sent a record $88.4 billion to Treasury coffers. The… Continue reading The Fed Ends Another Year In The Black
The Wall Street Journal – Stock-Picking Hedge Funds Win in 2013 In a lackluster year for many hedge funds, the standouts piled into stocks early and pressed their bets as markets climbed. Many funds with outsize returns achieved the results less by employing sophisticated strategies or using leverage to magnify bets than by simply picking… Continue reading Hedge Funds’ Disastrous Returns Continue
MoneyBeat (WSJ Blog) – Jason Zweig: When Does A Bubble Spell Trouble? The minutes of the latest Federal Reserve policy meeting, released this past week, show that central bankers have been worrying that the financial markets might turn into a bubble — the term for a perilously overvalued situation that can burst without warning or… Continue reading Dissecting A Bubble