CNBC – Peter J. Tanous: The Fed’s ‘hidden agenda’ behind money-printing I believe that one of the most important reasons the Fed is determined to keep interest rates low is one that is rarely talked about, and which comprises a dark economic foreboding that should frighten us all. … Thanks to the Fed, the interest… Continue reading Is The Federal Reserve Enabling Government Spending?
The Wall Street Journal – NYSE, Nasdaq Consider Cooperating to Address Glitches With technology glitches becoming more common, the country’s two stock-exchange giants are pondering a scenario some might have considered unlikely: teaming to protect one another in the event of breakdowns. Longtime rivals NYSE Euronext and Nasdaq OMX Group Inc. are discussing a plan… Continue reading Exchanges Team Up To Beat Market Glitches
Economix (NYT Blog) – Majority of Americans Doubt Benefits of Fed Stimulus Only one in three Americans has confidence in the Federal Reserve’s ability to promote economic growth, while little more than a third think the Fed is spinning its wheels, according to a New York Times/CBS News poll. The remaining respondents said they did… Continue reading The Federal Reserve Would Lose Most Popularity Contests
CNBC – Still ‘God’s work’? Blankfein defends Goldman Blankfein was widely criticized for an off-hand, half-joking remark he made years ago describing the role of an investment bank as doing “God’s work.” Blankfein defended the payment of bonuses to employees at Goldman Sachs by arguing that it was necessary to “keep the firm together.” “If… Continue reading Getting Paid For God’s Work
The Wall Street Journal – J.P. Morgan Is Discussing $11 Billion Settlement Talks Continue on Probes Related to Mortgage Securities J.P. Morgan Chase & Co. is in discussions to settle regulatory probes related to mortgage-backed securities for $11 billion, a person familiar with the matter said Wednesday. The talks with federal and state regulators are… Continue reading J.P. Morgan’s Fines
None Today
Charts of the Week Topics Covered This Week Include: The Federal Reserve’s Latest Economic Projections How Fearful Is The Market Of A Government Shutdown? The Debt Ceiling Is Abenomics Working? Is Abenomics Working? The Federal Budget Deficit An Updated Look At Housing Food Stamps Does More Oil Flowing South From Cushing Mean Higher WTI Prices… Continue reading Charts of the Week
Comment Jim Bianco was on Bloomberg Asia last night discussing the Federal Reserve. To view the interview, click on the image above. To view any of our recent interviews, click here. For additional detail on our thoughts about the Federal Reserve and the markets, please listen to last week’s conference call. The Washington Post –… Continue reading Discussing The Federal Reserve
Reuters.com – Analysis: Washington to Wall Street – Threat of default is real Money lenders trust America so implicitly that they generally dismiss the risk it won’t pay its debts. But in the U.S. capital, fears are growing that political dysfunction might trigger the unthinkable. Government veterans from both political parties are aghast that lawmakers… Continue reading More On A Government Default
<Click on chart for larger image> Bloomberg.com – Home Prices in U.S. Cities Increase by Most in Seven Years Home prices in 20 U.S. cities rose in the 12 months through July by the most in more than seven years, helping boost owner equity. The S&P/Case-Shiller index of property values in 20 cities increased 12.4… Continue reading Housing
[pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=149″] Buzzfeed.com – Trader Lost Millions Apparently Trying To Manipulate Intrade Data To Favor Mitt Romney One trader lost at least $4 million betting on former presidential candidate Mitt Romney through Intrade, possibly to make it appear he was faring better against President Barack Obama in the waning days and hours of the… Continue reading Intrade Manipulation
The Daily Beast – Roger Ferguson Is Wall Street’s Fantasy for Federal Reserve Chairman Just as Janet Yellen looks like she has the Fed chairmanship in the bag comes talk of Roger Ferguson. The TIAA-CREF chief is a member of the Wall Street club—and Yellen’s not, says Daniel Gross. All signs still point to Janet… Continue reading Another Federal Reserve Chairman Rumor