The Wall Street Journal – Japan Posts Surge in Economic Growth Japan’s economic growth accelerated swiftly at the beginning of this year, the most concrete sign yet that new stimulus policies sparking euphoria in financial markets are starting to lift companies and consumers as well. The country’s gross domestic product, the broadest measure of goods… Continue reading Abenomics
Conference Call Presentation/Charts of the Week Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-693318.mp3|titles=Conference Call] Topics Covered This Week Include: The Stock Market And QE Stocks And The Fed’s Balance Sheet Inflation Expectations – Breakeven Rates PCE Forecasts Stock Bond Relationship Long-Term View Of The Stock/Bond Relationship Economists Still Cannot Stand Bonds Interest Rate Forecasts Struggling To Get To Potential What… Continue reading Conference Call Presentation/Charts of the Week
The Financial Times – US earnings: irrational dreariness First-quarter reporting season is nearly past and, for US companies, it can be summed up thus: more of the same, only drearier. Sales growth for companies in the S&P 500 will come in a bit shy of 1.5 per cent, according to S&P Capital IQ – even… Continue reading Earnings Update
Congressional Budget Office – Updated Budget Projections: Fiscal Years 2013 to 2023 If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $642 billion, CBO estimates, the smallest shortfall since 2008. Relative to the size of the economy, the deficit this year—at 4.0 percent… Continue reading U.S. Deficit Falls
Reuters – Collapse in Brent-WTI oil spread spooks refiners, railways After almost three years of churning bumper profits from the massive price gap between the world’s two most actively traded crude oil contracts, traders, refiners, railways and investors are all asking the same question: Is the game finally coming to a close? The near $20… Continue reading The Brent/WTI Spread
Barron’s – Fears of Less Fed Largesse Rattle Bonds, Not Stocks Following a widely anticipated story in the Wall Street Journal that hit its website Friday evening — after global markets had shut down for the week — that the Fed was preparing its so-called exit strategy from its $1 trillion a year bond-buying program,… Continue reading What Less QE Means For Bonds
<Click on chart for larger image> The Financial Times – Markets Insight: Central banks will keep equities afloat Financial markets have become even more dependent on monetary policy, writes Michael Heise In the current environment, a steep rise in the euro could spawn deflationary risks in the eurozone. As long as the US Federal Reserve,… Continue reading QE And Stocks
ABC News – Another Amazing Fat Tuesday on Wall Street The Dow Jones Industrial average closed Tuesday at a new all-time high with a triple-digit surge of 123 points. And it’s fitting that the Dow hit a new high of 15,215 on a Tuesday because it’s the 18th straight Tuesday that the industrials have finished… Continue reading Another Tuesday Gain In The Stock Market (18 In A Row)
The Financial Times – Eurozone in longest recession since birth of currency bloc The economies of the 17 nations in the eurozone shrank in the first three months of the year, keeping the bloc in recession for the longest period since the single currency was established in a further dismal record after unemployment hit its… Continue reading The Recession In Europe Continues
The Financial Times – China on track to overtake US in non-financial corporate debt China is forecast to surpass the US as the world’s largest corporate debt market for non-financial companies in the next two years, according to a report from Standard & Poor’s. The rating agency expects the debt needs of companies in China… Continue reading Corporate Debt In China
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