Newsclips
Cartoons
September 9, 2013
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The Wall Street Journal – U.S. Employers Add 169,000 Jobs as Hiring Pace Slows Employers added 169,000 jobs in August and July’s figure was revised sharply lower to 104,000, suggesting the labor-market recovery isn’t gaining strength and potentially complicating the Federal Reserve’s plans to start dialing back its support for the economy. In its monthly… Continue reading Employment In Pictures
[hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/090513.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” /] Comment Yesterday Jim Bianco hosted an internal conference call among Arbor Research associates. To view the conference call click here. Below are a few of the highlights of the conference call. Please note, these notes are not edited. Payrolls & the Fed: Everyone… Continue reading Discussing The Markets
The Wall Street Journal – Summers Faces Key ‘No’ Votes if Picked for Fed Three Senate Democrats Oppose Bid, Setting Stage for Razor-Thin Vote At least three Democrats on the Senate Banking Committee are expected to oppose Lawrence Summers if he is nominated to become Federal Reserve chairman, setting up a razor-thin vote to determine… Continue reading Still No Love For Larry, Will He Ever Get Any?
<Click on chart for larger image> The Financial Times – US crude oil leaps as inventories tumble US oil prices jumped as crude inventories at the country’s delivery hub in Cushing, Oklahoma, fell to a 17-month low, with refineries coming back after unplanned shutdowns. Nymex October West Texas Intermediate jumped as much as $1.31 to… Continue reading Crude Oil
<Click on chart for larger image> The Wall Street Journal – Treasury Yields Pierce 3% With Employment Data Ahead Ten-year bond yields traded above 3% for the first time in over two years, reaching a peak of 3.007% in Asian trading hours Friday—a clear signal that traders and investors believe the so-called tapering by the… Continue reading 10 Year Treasury Yields Hit 3%
Zero Hedge (blog) – Still Think Rates Are Rising Due To Growth (Not Taper)? In a desperate need to keep the spice flowing into the commission-takers’ pockets, any and every excuse is being pulled out of the hat for why interest-rates are rising and why Emerging Markets are collapsing; apart from the most obvious –… Continue reading So Rates Are Rising Because The Economy Is Growing?
Bloomberg.com – Numbers in Congress Show Obama Far From Approval on Syria Republican U.S. House Speaker John Boehner and Democratic leader Nancy Pelosi voted the same way just five times in the past three years. Every time, the House has followed their lead. That may change when it comes to Syria. Boehner and Pelosi are… Continue reading More On Syria
Economix (NYT Blog) – Simon Johnson: The Next Emerging Market Crisis No developing-world crisis seems imminent, but that could change quickly if overconfidence returned to the global markets, an economist writes. Do the world’s middle-income countries – known in the investment business as “emerging markets” – face a serious risk of crisis? If such a… Continue reading Emerging Market Crisis
<Click on chart for larger image> The Financial Times – Jumbo US mortgage securitisation to jump Securitisation of “jumbo” mortgages in the US is set to outstrip expectations this year, helping to increase the availability and lower the cost of loans on the country’s most expensive properties. Banks’ growing interest in offering jumbo loans has… Continue reading More On Jumbo Mortgage Rates
The Economist – Buttonwood: Squaring the circle Financial markets are sending incoherent messages THE world’s financial markets have been marked by contradictions throughout 2013. Inflation has dropped but government bonds have suffered. Risk appetites have revived but emerging markets have underperformed. Perhaps such anomalies are inevitable given the influence of central banks on market sentiment.… Continue reading What Signals Are The Markets Sending?
Pimco – Bill Gross: Seventh Inning Stretch So what to do here, folks? For those of you who are still fans of the old American pastime – in this case capitalism and the making of money as opposed to baseball – how do you play on this rather unstable field of our own making? Which… Continue reading Bill Gross Speaks