<Click on picture for larger image> The Wall Street Journal – Housing’s Up, but Is Foundation Sound? The housing-market recovery is here but there’s a growing debate among bulls and bears over how long it will last and how strong it will become, with both groups pointing to the same data to make their case:… Continue reading Housing
<Click on chart for larger image> The Wall Street Journal – Congress Heads for Showdown Over Food-Stamp Funding A major farm bill that the Senate is likely to approve on Monday will set up a collision with the House over funding for the fast-growing food-stamp programs. The cost of the food-stamp programs has risen substantially… Continue reading Food Stamps
The Financial Times – The king of the bond market makes another bold call In 1981 Wall Street Week, a popular US Friday evening television show, featured a bond trader from an up and coming fund out on the west coast. William Gross of Pacific Investment Management told viewers he saw the start of a… Continue reading Bill Gross Speaks
The Wall Street Journal – Forecast Calls for Volatility Investors Bracing for More Sharp Swings in Stocks, Commodities and Currencies Investors are bracing for a stormy summer, as steady asset-price gains fueled by bottomless central-bank liquidity have given way to sharp swings jolting stocks, currencies and commodities alike. Many investors breathed a sigh of relief… Continue reading Summer Volatility
CNBC – Japan Bear Market Gives Investors Bad Case of Déjà Vu As Japan’s Nikkei 225 tested bear market territory on Friday, investors are beginning to fear that they may have been overly optimistic about an economic revival in the world’s third largest economy. “People are wary of once again feeling that it’s not going… Continue reading No Wealth Effect In Japan
The Guardian (UK) – Cheap credit has inflated the markets, and we could be in for a crash landing Trying to solve a debt problem with more debt has created a bigger bubble, and it’s hard to see what the central banks can do As the world approaches the sixth anniversary of the freezing up… Continue reading Addicted To Easy Money
San Francisco Business Times – Glide stunned as Warren Buffett lunch raises just $1 million Glide stunned as Warren Buffett lunch raises just $1 million The last few minutes of bidding for the annual charity lunch with Warren Buffett are normally happy ones for supporters of San Francisco’s Glide Foundation. In recent years, last-minute bidding… Continue reading The Warren Buffett Bear Market
Comment Yesterday we hosted a conference call titled What Will Central Banks Do Next, And When? To listen to the replay, view the webcast or view the handout, see below. Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-698918.mp3|titles=Conference Call ] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=130″] [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/060613.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” /] Bloomberg.com – Fed Seen Reducing Asset… Continue reading What Will Central Banks Do Next, And When?
Comment Jim Bianco was on Reuters TV earlier this morning discussing the payroll report. To view the interview, click on the image above. To view any of our recent interviews click here. Real Time Economics (WSJ Blog) – Five Takeaways From Jobs Report The economy added 175,000 jobs in May, a bit better than April’s… Continue reading Employment In Pictures
<Click on chart for larger image> Seeking Alpha – Household Net Worth: The ‘Real’ Story Let’s take a long-term view of household net worth from the latest Flow of Funds report. A quick glance at the complete data series shows a distinct bubble in net worth that peaked in Q4 2007 with a trough in… Continue reading Household Net Worth Jumps In Q1
<Click on chart for larger image> Bloomberg.com – Fed’s $5.7 Trillion Gift Imperiled on Yield Rise: Credit Markets The most relentless surge in borrowing costs for U.S. corporate debt in four years is threatening to derail this year’s record pace of sales as concern deepens the Federal Reserve will curtail unprecedented stimulus. Yields are climbing… Continue reading The Federal Reserve And The Credit Markets