MoneyBeat (WSJ Blog) – Ray Dalio Explains the Economy, for Free Ray Dalio would like to explain the economy to you. Mr. Dalio, the founder of Bridgewater Associates and whose $13 billion net wealth placed him 31st on the Forbes 400 list, produced the following half-hour video. He explains debt cycles, booms, busts, bubbles, recessions,… Continue reading How The Economy Works
The Financial Times – Bond barons emerge winners in Fed move To a man, Wall Street’s best strategists were caught out by the Federal Reserve’s decision not to curb its emergency asset-buying. Now investors want to know who has lost money, who has made it and, indeed, where it can be made in coming weeks.… Continue reading A Very Good September For The Bond Barons
Barron’s – Randall W. Forsyth: Was Continuation of Bond Buying the Yellen Fed’s First Decision? Unexpected Federal Open Market Committee action boosts stocks. That puts Fed Vice Chair Janet Yellen in the pole position to succeed Bernanke. Perhaps even more than Bernanke, she has been the force behind the Fed’s bond purchases to produce a… Continue reading Yellen’s First Decision, No Taper
What’s Next? A transcript of the September 20, 2013 conference call. For a few highlights of the conference call click here Audio Link of Conference Call Handout (also shown below) [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/092013.flv” width=”600″ height=”495″ description=”” player=”3″ autoload=”false” autoplay=”false” loop=”false” autorewind=”true” splashimage=”https://www.biancoresearch.com/bianco/wp-content/themes/twentyten/images/splash.jpg” /] <Click above to view webcast> [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=148″] Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/Bianco%20FULL%20AUDIO%20092013.mp3|titles=Conference Call ]
Comment On Friday Jim Bianco hosted a conference call titled What Next? Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/Bianco%20FULL%20AUDIO%20092013.mp3|titles=Conference Call ] For a webcast replay and a copy of the handout, click on the images below. Here are the top takeaways: Taper talk/FOMC meeting – Jim has been arguing that the Fed wouldn’t taper, but they would offer us forward… Continue reading What’s Next?
Bloomberg.com – Bullard Says Taper Possible After Close Call QE Decision Federal Reserve Bank of St. Louis President James Bullard, a voter on policy this year who has backed record stimulus, said the Fed may make a small cut to bond purchases in October after its narrow decision this week not to reduce accommodation. “That… Continue reading Bullard Adds To The Confusion
<Click on chart for larger image> Forbes.com – Keystone Pipeline – Five Years And Counting Five years ago today [September 19], TransCanada the Calgary, Alberta-based corporation filed an application for a presidential permit to build an extension to the Keystone Pipeline. The addition was dubbed “Keystone XL,” (“KXL”) and was intended to add capacity to… Continue reading Does More Oil Flowing South From Cushing Mean Higher WTI Prices
MoneyBeat (WSJ Blog) – Fed Lesson of the Week: Listen to What Bernanke Says. Period. This week’s lesson for Wall Street: Stop reading tea leaves and just listen to what Federal Reserve Chairman Ben Bernanke has to say. Many analysts and investors are throwing their arms up in frustration over the Fed’s communication, or lack… Continue reading FOMC Communication
The Financial Times – Side-effects that should call time on the QE medicine Here is a Monday morning challenge. In how many ways is QE damaging?…This is not an argument about higher macroeconomics. The biggest argument made against QE when it started was that money-printing would necessarily lead to inflation. That has not happened yet,… Continue reading The Negative Side Effects Of QE
<Click on chart for larger image> MoneyBeat (WSJ Blog) – Debt Ceiling, Act III: Will the Market Notice at All This Time? Now that the Fed decision is out of the way, the market is turning its attention to the next big, ugly macro storm– the debt-ceiling debate. For the third time in three years,… Continue reading The Debt Ceiling
The Wall Street Journal – Jon Hilsenrath: Yellen Would Bring Tougher Tone to Fed Janet Yellen, the lead candidate to succeed Federal Reserve Chairman Ben Bernanke, brings a demanding and harder-driving leadership style to the central bank, in contrast to Mr. Bernanke’s low-key and often understated approach. Ms. Yellen, the Fed vice chairwoman, is highly… Continue reading Getting To Know Janet Yellen