Search

Newsclips

The Divergence Between The State of the Economy and The State of the Markets

July 19, 2013

Comment Yesterday we hosted a conference call.  Below are links to the audio and PDF if you missed it: Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-709492.mp3|titles=Conference Call ] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=141″] [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/071813.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 Here are the bullet points of what we covered: US Economy We still grade the U.S.… Continue reading The Divergence Between The State of the Economy and The State of the Markets

Newsclips

Has The “Great Rotation” Finally Begun?

July 19, 2013

The Financial Times – Investors pour huge sums into US equity funds Investors have poured more money into US equity funds this week than at any time since the 2008 financial crisis, with the value of the benchmark S&P 500 index soaring to a record $15tn.  As Wall Street touched fresh record highs, buoyed by… Continue reading Has The “Great Rotation” Finally Begun?

---

Newsclips

What Bernanke Really Got Wrong

July 19, 2013

The New York Times – Floyd Norris: The Time Bernanke Got It Wrong It is amazing that a lot of criticism of the Federal Reserve today focuses on what it clearly got right — the response to the debt crisis in 2008 and thereafter, a response that may well have prevented Great Depression II —… Continue reading What Bernanke Really Got Wrong

Newsclips

Detroit Files For Bankruptcy

July 19, 2013

Forbes – The 5 Big Questions A Detroit Bankruptcy Must Answer The Detroit case potentially becomes the largest municipal bankruptcy case in the United States. The 16-page petition is breathtakingly short, compared with the kind of Chapter 11 filings by corporations seeking to restructure. It’s mainly a list of forms plus a couple of pages… Continue reading Detroit Files For Bankruptcy

---

Newsclips

Are The Unemployment Numbers Made Up?

July 19, 2013

The New York Post – John Crudele: BLS number is BS Rate’s closer to 11%, former insider insists Keith Hall believes the US economy is a lot sicker than the 7.6 percent unemployment rate would lead you to believe. And he should know. Hall was, from 2008 until last year, the guy in charge of… Continue reading Are The Unemployment Numbers Made Up?

Newsclips

The Sub-par Earnings Season – Updated

July 19, 2013

MoneyBeat (WSJ Blog) – Morning MoneyBeat: What’s That You Said About a Strong Earnings Season? At a quick glance, this quarter’s numbers look so-so. But they could, by some stretch, be fodder for the bulls calling for expansion in valuations. Earnings for S&P 500 companies are on track to grow 1.5% from the previous year.… Continue reading The Sub-par Earnings Season – Updated

---

Newsclips

Is A High Yield Issuance Boom Coming?

July 19, 2013

The Financial Times – Record junk bond refinancing wave looms Subinvestment grade companies face a record $101bn refinancing wave next year, raising fears of a shake out among debt-burdened companies. The amount of debt owed by companies in Europe, the Middle East and Africa rated as below investment grade, or “junk”, that is due in… Continue reading Is A High Yield Issuance Boom Coming?

Newsclips

Ben Bashes What He Created

July 19, 2013

Bloomberg.com – Bernanke Says Unwinding of Risky Bets Boosts Borrowing Costs Federal Reserve Chairman Ben S. Bernanke said rising bond yields partly reflect an unwinding of leveraged and “excessively risky” investments, calling the tighter financial conditions “unwelcome” as monetary policy stays highly accommodative. The Fed chief, in testimony before the Senate Banking Committee, said the… Continue reading Ben Bashes What He Created

---

Newsclips

Yellen Is Still The Heavy Favorite

July 19, 2013

The Wall Street Journal – Yellen Seen as Front-Runner for Top Fed Post Economists surveyed by The Wall Street Journal see Janet Yellen, the Federal Reserve’s vice chairwoman, as the clear front-runner to succeed Ben Bernanke as the central bank leader when his term ends in January. Thirty-five out of 42 economists said they expected… Continue reading Yellen Is Still The Heavy Favorite

Newsclips

Older Workers

July 19, 2013

The Economist – Glad to be grey Older workers have fared unusually well since the financial crisis THE recession of 2008-09 was remarkable in rich countries for its intensity, the subsequent recovery for its weakness. The labour market has also broken the rules, as new research from the OECD, a think-tank of mainly rich countries,… Continue reading Older Workers

---

Newsclips

More Hedge Fund Pain, Will It Ever Stop?

July 19, 2013

Business Insider – Commodities Hedge Funds Are Officially On Their Biggest Losing Streak Ever Funds betting on commodity price moves have lost money every month since January, their joint longest losing streak on record, raising more doubts about their ability to make money at a time when the commodity “supercycle” may be over. The average… Continue reading More Hedge Fund Pain, Will It Ever Stop?

Newsclips

Cartoons

July 19, 2013

None Today