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The Fed And The Markets
October 25, 2013
Comment Jim Bianco was on Bloomberg Asia last night talking about the the markets and the Fed. To view the interview the click on the image above. To view any of our recent interviews click here. Jim argued that the Fed is a primary driver of equity prices, as the stories below point out. The… Continue reading The Fed And The Markets
Newsclips
Will The Fed INCREASE QE Next Week?
October 25, 2013
Zero Hedge – From SocGen:Here We Go: SocGen Warns There Is “Possibility” Fed May Hike QE Next Week Although we assign a very low probability to a decision by the FOMC to increase asset purchases at its October meeting, it is not a possibility we can ignore. Assuming the Fed does not increase asset purchases… Continue reading Will The Fed INCREASE QE Next Week?
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All Bad News Will Be Blamed On The Shutdown
October 25, 2013
The New York Post – John Crudele: Shutdown is the mother of all corporate excuses It’s common to blame others for our failures. And the government shutdown will be the mother of all excuses for any company that doesn’t live up to expectations in the months ahead. Politicians will undoubtedly jump on this, too. If job… Continue reading All Bad News Will Be Blamed On The Shutdown
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A Breakdown Of Japanese Inflation
October 25, 2013
<Click on chart for larger image> <Click on chart for larger image> <Click on chart for larger image> The Financial Times – Shinzo Abe scores small inflation victory in Japan A closely watched measure of Japanese deflation stopped worsening for the first time in nearly five years in September, in a small but significant victory… Continue reading A Breakdown Of Japanese Inflation
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Booming Bond Issuance
October 25, 2013
The Wall Street Journal – Low Rates Bring Bond Bonanza Highly Rated Issuers Sold More Than $12 Billion of Debt Thursday Highly rated issuers sold more than $12 billion of bonds Thursday, taking advantage of robust investor demand and the latest tumble in market interest rates to stock up on cash. Drug maker Bristol-Myers Squibb… Continue reading Booming Bond Issuance
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Puerto Rico
October 25, 2013
The Economist – Puerto Rico’s debt crisis: Puerto Pobre A heavily indebted island weighs on America’s municipal-bond market ALTHOUGH investors are now less jittery about a possible default by the American Treasury, they are rightly still nervous about a drama unfolding in the market for state and local debt. Since May, yields on bonds issued… Continue reading Puerto Rico
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Will China Dump Its Treasuries?
October 25, 2013
<Click on chart for larger image> CNBC – Investors ignoring risk of China Treasury selling: Roach Investors are failing to factor in the very real risk of China scaling back on its U.S. government debt holdings, economist Stephen Roach told CNBC “Everyone thinks interest rates are going to stay low in the U.S. because the… Continue reading Will China Dump Its Treasuries?
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Telsa Overvalued?
October 25, 2013
Bloomberg.com – Elon Musk: Tesla Stock Price More Than We Deserve Elon Musk, chairman of Tesla Motors, talks to Bloomberg Television’s Guy Johnson at the opening of the company’s first retail store in London.
Newsclips
Chinese Rate Spike
October 25, 2013
<Click on chart for larger image> The Financial Times – Spike in China money rates raises cash-crunch fears China’s money rates shot up on Thursday after the central bank withdrew cash from the financial system, fuelling worries that the world’s second-biggest economy might see a replay of a liquidity squeeze that rattled global markets earlier… Continue reading Chinese Rate Spike
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Are Private Debt Levels Hurting The Euro?
October 25, 2013
The Economist – The euro crisis: Debtors’ prison The euro zone is blighted by private debt even more than by government debt THE European Central Bank (ECB) announced this week how it will undertake a root-and-branch examination of banking assets before it takes charge of supervision in the euro area late next year (see article).… Continue reading Are Private Debt Levels Hurting The Euro?
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Is the World Mad At The US?
October 25, 2013
Comment From the Middle East to Europe, the world seems to be mad at the United States. These stories don’t even take into account those frustrated over the shutdown and threatened default. Reuters – Saudi Arabia warns of shift away from U.S. over Syria, Iran Upset at President Barack Obama’s policies on Iran and Syria,… Continue reading Is the World Mad At The US?