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Charts of the Week

Conference Call Presentation/Charts of the Week

June 27, 2013

Conference Call Presentation/Charts of the Week Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-704980.mp3|titles=Conference Call ] Topics Covered This Week Include: What Is The “Point Of QE?” A Short History Of QE And The Stock Market “Increase Or Reduce” On May 1 Monitoring The Financial System On May 10 Monitoring The Financial System On May 10 – 2 Explaining The “In… Continue reading Conference Call Presentation/Charts of the Week

Newsclips

Federal Reserve Officials Speak, Continuing Bernanke’s Mistake

June 27, 2013

Bloomberg.com – Lacker Says Growth Sluggish With Fed Far From Cutting Assets Federal Reserve Bank of Richmond President Jeffrey Lacker said the central bank isn’t close to trimming its $3.47 trillion balance sheet and he forecast “a couple more years of sluggish growth.”  “This asset-purchase tapering is just slowing the rate at which we’re increasing… Continue reading Federal Reserve Officials Speak, Continuing Bernanke’s Mistake

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Newsclips

Poor Economic Growth

June 27, 2013

<Click on chart for larger image> Real-Time Economics (WSJ Blog) – Kathleen Madigan:  The Chicago Cubs Recovery This is a Chicago Cubs recovery. Want stronger growth? “Wait till next year.” Of course, what every Cubbies fan knows, “next year” can be a long time in coming. The Cubs have not won the World Series since… Continue reading Poor Economic Growth

Newsclips

Volume

June 27, 2013

<Click on chart for larger image> MoneyBeat (WSJ Blog) – Trading Volume Offers Bearish Signal Volatility is back, and a look at trading-volume trends suggest that may not be such a good sign. Triple-digit-point swings have become the norm ever since Fed Chairman Ben Bernanke’s Congressional testimony last month, when he offered a potential timetable… Continue reading Volume

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Newsclips

Understanding The Federal Reserve

June 27, 2013

Bloomberg.com – Caroline Baum:  Bernanke Was Clear, Fed’s Crystal Ball Is Cloudy Shoulda, woulda, coulda. It’s been a week since Federal Reserve Chairman Ben Bernanke “surprised” financial markets by telling them exactly what they expected, yet the whining is still going strong. If only Bernanke had been clearer at his June 19 news conference. He… Continue reading Understanding The Federal Reserve

Newsclips

Bond Fund Outflows

June 27, 2013

<Click on chart for larger image> MoneyBeat:  Exodus From Highly Rated Bonds Could Be Bigger Than It Appears The retreat from high-grade bonds amid the broad debt-market sell off could be worse than it seems, according to strategists from Bank of America BAC +0.71% Merrill Lynch. For three consecutive days, investors have pulled more than… Continue reading Bond Fund Outflows

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Newsclips

How Low Can Stocks Go?

June 27, 2013

<Click on chart for larger image> MoneyBeat (WSJ Blog) – Watch Out: A 20%-30% Selloff May Be Coming If this is 2011 again, look out below. A “20-30% correction may sweep the U.S. equity markets in 2013,” writes Abigail Doolittle, a technical strategist at The Seaport Group, a boutique investment bank in New York. Her… Continue reading How Low Can Stocks Go?

Newsclips

End Fannie and Freddie

June 27, 2013

<Click on chart for larger image> The New York Times – Joe Nocera:  The End of Fannie and Freddie On Tuesday, Senator Mark Warner, a Virginia Democrat, and Senator Bob Corker, a Republican from Tennessee, introduced a complicated bill that is intended to solve, once and for all, the problem known as Fannie Mae and… Continue reading End Fannie and Freddie

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Newsclips

Rising Rates

June 27, 2013

The Washington Post – Interest rate spike emerges as a concern for the Fed The Federal Reserve is becoming concerned that the recent spike in interest rates could disrupt the rebound in the housing market and force the central bank to delay plans to scale back its multibillion-dollar economic stimulus. The Fed believes the economy… Continue reading Rising Rates

Newsclips

China’s Liquidity Squeeze

June 27, 2013

<Click on chart for larger image> The Wall Street Journal – China Cash Crunch Spreads Even as Chinese officials indicate a softening of their tight grip on cash, some businesses are reporting liquidity is increasingly hard to find in some places and that customers are turning to alternatives. It isn’t clear how deep the liquidity… Continue reading China’s Liquidity Squeeze

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Newsclips

Copper

June 27, 2013

<Click on chart for larger image> The Wall Street Journal – Bottom Is Falling Out of Copper Prices Already, copper’s premium to the marginal cost of supply has fallen to 35%, Macquarie estimates. Even so, that is still much higher than zinc’s premium of 5%. Nickel and aluminum, meanwhile, trade at discounts, reflecting excess supply.… Continue reading Copper

Newsclips

Bill Gross Speaks

June 27, 2013

Pimco – William H. Gross:  The Tipping Point The forecast for bad weather as I’ve mentioned was becoming more rational with every increase in asset prices. If all markets were being artificially supported as PIMCO claimed and the Fed confirmed, then someday, someday that support via quantitative easing would have to be withdrawn. But the… Continue reading Bill Gross Speaks