Brookings.edu – Does the Unemployment Rate Mask Today’s Job Market Hardship? As we await Friday’s latest job snapshot from the Department of Labor, it is worth looking under the hood to get a better idea of where we are and where we have been. For the past 3 months the unemployment rate has remained stuck… Continue reading The “Real” Job Market
The Financial Times – US delays key healthcare mandate The Obama administration has delayed for one year the implementation of one of the most onerous new healthcare mandates on business, marking a major concession to critics of the landmark reform law. The Treasury department announced late on Tuesday that businesses would get a year’s reprieve… Continue reading Obamacare
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Charts of the Week This week we assembled a collection of over 70 of our favorite long-term charts. Please enjoy. Topics Covered This Week Include: Long Term Interest Rates Back To 1790 Short Term Interest Rates Back to 1831 Long Term and Short Term Interest Rates Back to 1831 “Real” Long Term Interest Rates Back… Continue reading Charts of the Week
Watch the latest video at video.foxbusiness.com Comment Jim Bianco was on FOX Business yesterday discussing the markets. To view the interview click on the image above. To view any of our recent interviews click here. The interview above and the post below are summaries of our conference call last week (transcript, replay, handout). Macro Viewpoints… Continue reading Talking The Federal Reserve
The Huffington Post – Robert Auerbach: Massive Misconceptions About Where the Bernanke Fed’s Money Explosion Went There is a massive misconception about where the Bernanke Fed’s stimulus landed. Although the Bernanke Fed has disbursed $2.284 trillion in new money (the monetary base) since August 1, 2008, one month before the 2008 financial crisis, 81.5 percent… Continue reading Has QE Been Wasted?
The Wall Street Journal – Martin Feldstein: The Fed Should Start to ‘Taper’ Now There’s little chance that more bond-buying will help the economy. Meanwhile, the financial risks are growing The Federal Reserve should begin now to end its program of long-term asset purchases. It should not wait for the improved labor market that it… Continue reading More On The Federal Reserve
The Financial Times – Blackrock: ETFs are the true market Interesting. Blackrock has issued an open letter in the spirit of investor reeducation about its products, no doubt in response to the terrible reporting that’s been going on about its err… recent NAV discounts. You can read the full open letter (complete with lots of… Continue reading ETFs
Bloomberg.com – Gold Rises Most in Nine Weeks as Physical Demand Climbs Gold prices advanced the most in nine weeks as demand for coins, bars and jewelry rebounded following the record quarterly plunge. Platinum posted the biggest gain in a year. In the second quarter, spot gold tumbled 23 percent, the most since at least… Continue reading Gold And The Historic Loss In GLD
The Wall Street Journal – Inside China’s Bank-Rate Missteps A rare peek into the action of China’s leaders in a month when a Chinese cash crunch spooked global investors shows a leadership falling short in its struggle to redirect China’s economy and also faltering in its efforts to communicate its intentions to markets. The People’s… Continue reading China’s Funding Problems
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Comment On Friday we hosted a conference call/webcast titled “The End of QE and The Markets.” Below are the audio replay, webcast replay and the handout. Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-704980.mp3|titles=Conference Call ] [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/062813.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” /] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=140″] Barron’s – RANDALL W. FORSYTH: Whom Are You Gonna Believe?… Continue reading The End Of QE And The Markets