Newsclips
Cartoons
July 5, 2013
None Today
None Today
<Click on chart for larger image> The Financial Times – Portugal’s bond yields soar amid political turmoil Share prices in Portugal tumbled and bond yields soared on Wednesday after the resignation of two high-profile ministers plunged the country into a political crisis and threatened to undermine its €78bn bailout programme. President Aníbal Cavaco Silva has… Continue reading Portugal Causes A Eurozone Debt Crisis Relapse
Charts of the Week This week we assembled a collection of over 70 of our favorite long-term charts. Please enjoy. <Click on chart for larger image> <Click on chart for larger image>
The New York Times – Morsi Defies Egypt Army’s Ultimatum to Bend to Protest President Mohamed Morsi rejected the military’s ultimatum in a speech Tuesday that threatened to stir up both sides in Egypt’s deepening political crisis. He insisted he was the legitimate leader of the country, hinted that any effort to remove him by… Continue reading Trouble In Egypt, Ultimatum At 6PM ET
The Financial Times – Martin Wolf: Risks of a hard landing for China Beijing might need to do what its leaders neither want nor expect The new Chinese leadership is trying to manage one of the most difficult of economic manoeuvres: slowing down a flying economy. Recently, difficulties have become more apparent, with the attempt… Continue reading Trouble In China
<Click on chart for larger image> Bloomberg.com – Brent-WTI Spread Shrinks to $5 for First Time in 2 1/2 Years The difference between the world’s two most-traded crude oil grades shrank to less than $5 a barrel for the first time in about 2 1/2 years, underlining the easing of a supply bottleneck in the… Continue reading The Brent-WTI Spread Continues To Shrink
<Click on chart for larger image> The Financial Times – US corporate debt sales dry up The second half of the year has started with a whimper for the US corporate debt market as a sell-off in bond prices and record outflows from funds investing in fixed-income assets have spooked borrowers. In contrast to the… Continue reading Corporate Debt
The Wall Street Journal- Big U.S. Banks Face Tougher Standards The final rule draws a distinct split between the largest Wall Street firms and small to midsize lenders, underscoring the concern regulators still have about the risks posed by large, complex banks five years after the financial crisis. Regulators moved to address some of the… Continue reading Basel III
Bloomberg.com – Caroline Baum: Rising Rates Tie Ivory-Tower Types in Knots As far as I can tell, Fed Chairman Ben Bernanke has only intimated his intention to wind down quantitative easing. The slow march to normalize the benchmark rate, which has been at 0 percent to 0.25 percent since December 2008, is a long way… Continue reading Rising Rates
<Click on chart for larger image> MarketWatch.com – The odds for a strong second half for stocks Commentary: How will the market perform between now and Dec. 31? You might think that these results are impressive enough to support a bet that the second half of this year will turn in a gain. But they… Continue reading Outlook For Stocks In The Second Half Of The Year
The New York Times – Investors Pull $9.6 Billion From Pimco Fund Investors pulled a record amount of money from Pimco’s flagship Total Return bond fund in June, a stark indication of how rising interest rates have pushed bonds out of favor. Outflows at the Total Return fund, the largest mutual fund in the world,… Continue reading Pimco Outflows
The Financial Times – Crude at $100 defies commodities sell-off On the face of it, oil has defied gravity. Amid a deepening sell-off in commodities that has sent gold and industrial metals tumbling, crude has been impassive. As a transport fuel, oil is closely linked to the ups-and-downs of the world economy. Yet, benchmark Brent… Continue reading Crude Oil Rises