Search
Newsclips
A Short History Of QE And The Stock Market
May 31, 2013
Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and… Continue reading A Short History Of QE And The Stock Market
Newsclips
No Wealth Effect, Just Loss Reduction
May 31, 2013
Bloomberg.com – Average US household far from regaining its wealth The average U.S. household has a long way to go to recover the wealth it lost to the Great Recession, a report by the Federal Reserve Bank of St. Louis concluded Thursday. The typical household has regained less than half its wealth, the analysis found.… Continue reading No Wealth Effect, Just Loss Reduction
Newsclips
Why Are Rates Rising?
May 31, 2013
The Wall Street Journal – Swoon in Bonds Puts Eye on Fed Investors Debate: Bubble, Confusion or Sign of Health? The bond market’s monthlong plunge has pushed long-term interest rates on mortgages and U.S. Treasurys to their highest levels in more than a year, sparking a debate: Is this a bursting bubble, the aftereffect of… Continue reading Why Are Rates Rising?
Newsclips
David Stockman On Deficits And The Federal Reserve
May 31, 2013
Comment Stockman is not the only one that thinks the Federal Reserve has made things worse. The Wall Street Journal – David Malpass: Fed Policy Is a Drag on Recovery The stock market is soaring. Yet real median income has fallen 5%, unheard of except during the Great Depression Former Federal Reserve Chairman Paul Volcker… Continue reading David Stockman On Deficits And The Federal Reserve
Newsclips
The Mirage Of Hedge Funds
May 31, 2013
The Big Picture (blog) – Barry Ritholtz: Hedge Funds on Sale: Only $1,000 to Join On today’s “Chart Attack,” Fusion IQ CEO and Director of Research Barry Ritholtz and Bloomberg’s Adam Johnson look at hedge fund performance on Bloomberg. Comment The terrible performance of hedge funds is a topic we have also been keenly interested… Continue reading The Mirage Of Hedge Funds
Newsclips
Japan’s Markets Get Volatile
May 31, 2013
The Economist – Japan’s equity and bond markets: Shocking Volatile bond yields may spell trouble for Abenomics IT IS the one thing that was not supposed to happen. On April 4th the Bank of Japan (BoJ) announced its shock-and-awe plan to hoover up ¥7 trillion ($68 billion) of government bonds a month and double the… Continue reading Japan’s Markets Get Volatile
Newsclips
Finding A Job In Europe Got Harder
May 31, 2013
<Click on chart for larger image> Bloomberg.com – Euro-Area Jobless Rate Rises to Record Amid Recession: Economy Euro-area unemployment increased to a record in April after the currency bloc’s recession deepened in the first quarter, increasing pressure on its leaders and the European Central Bank to spur economic growth. The euro-area jobless rate rose to… Continue reading Finding A Job In Europe Got Harder
Newsclips
Are Spanish Banks Doubling Down On A Bad Bet?
May 31, 2013
<Click on chart for larger image> The Financial Times – Spanish banks up sovereign bond holdings Spanish banks increased their holdings of the country’s government bonds by more than 10 per cent in the first three months of this year, limiting the market fall out from inconclusive elections in Italy and the eurozone’s bungled handling… Continue reading Are Spanish Banks Doubling Down On A Bad Bet?
Newsclips
Will The ECB Go Negative?
May 31, 2013
The Economist – European monetary policy: The negative option Would charging banks that leave funds at the central bank help or hurt? THE euro-zone economy remains prostrate after suffering six consecutive quarters of declining output. The European Central Bank (ECB) is under pressure to act when its governing council meets on June 6th. One option… Continue reading Will The ECB Go Negative?
Newsclips
Getting Into Goldman
May 31, 2013
The Guardian (UK) – Goldman Sachs receives 17,000 applications for internship programme New York-based investment bank’s appeal remains intact following the public outrage it faced during financial crisis Goldman Sachs has received more than 17,000 applications for its investment banking summer internship programme. The New York-based banking powerhouse appears to have no trouble appealing to… Continue reading Getting Into Goldman
Newsclips
Cartoons
May 31, 2013
None Today