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Employment In Pictures
May 3, 2013
The Wall Street Journal – Hiring Gains Pace as Jobless Rate Falls to 7.5% U.S. job growth picked up in April and the unemployment rate ticked down again, suggesting steady but still-measured economic growth. Employers added 165,000 jobs last month, the Labor Department said Friday. The unemployment rate, obtained by a separate survey of U.S.… Continue reading Employment In Pictures
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Discussing The Markets
May 3, 2013
Comment Jim Bianco was on CNBC yesterday discussing the markets, jobs and gold. To view the interview click on the image above. To view any of our recent interviews click here. CNN.com – Federal Reserve sticks with stimulus The Fed’s policies are credited as one of the key reasons stocks have recovered since the financial… Continue reading Discussing The Markets
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Is The Stock Market Too Cheap To Peak?
May 3, 2013
Comment In recent weeks we have heard many people argue the stock market does not peak until it becomes overvalued (see Dr. Jeremy Siegel). The argument follows that, since current P/E ratios are reasonable, the stock market is not at risk of peaking. The high P/E ratios in 2000 are often offered as an example. … Continue reading Is The Stock Market Too Cheap To Peak?
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Gold
May 3, 2013
<Click on chart for larger image> Bloomberg.com – Gold Bull Run Seen Over as Bear Drop Frays Faithful: Commodities Gold’s longest winning streak in at least nine decades is poised to end as diminishing trust in the metal’s ability to preserve value spurred a majority of analysts to predict the first annual retreat since 2000.… Continue reading Gold
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Margin Debt Near A Record
May 3, 2013
<Click on chart for larger image> Bloomberg.com – Near-Record NYSE Margin Debt Leads to Caution: Chart of the Day Borrowing to buy U.S. stocks is close enough to a record to cause concern that prices may not rise much longer, according to Cullen Roche, founder of Orcam Financial Group LLC. The CHART OF THE DAY… Continue reading Margin Debt Near A Record
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Italy
May 3, 2013
The Wall Street Journal – Italy Urged to Resist a Relapse in Spending Italy is likely to join the elite club of euro-zone countries not subject to fiscal sanctions, but Rome has no room to loosen its purse strings to boost economic growth, international officials said on Thursday. Italy brought its budget deficit to 3%… Continue reading Italy
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More On Reinhart And Rogoff
May 3, 2013
The Huffington Post – Reinhart, Rogoff Backing Furiously Away From Austerity Movement Under steady attack after their seminal research was found to be riddled with errors, Harvard economists Carmen Reinhart and Kenneth Rogoff are making a show of backing away from the austerity that their research encouraged. They claim that their views on austerity have… Continue reading More On Reinhart And Rogoff
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What Can The ECB Do Now?
May 3, 2013
Bloomberg.com – Draghi Mulls Negative Campaign as Economy Struggles European Central Bank President Mario Draghi is signalling he may go negative in his campaign to rescue the euro-area economy. With the ECB cutting its benchmark interest rate to a record low yesterday as the euro-area recession deepens, Draghi said policy makers have an “open mind”… Continue reading What Can The ECB Do Now?
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Cartoons
May 3, 2013
None Today
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The FOMC Statement
May 2, 2013
[pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=125″] The Wall Street Journal – Jon Hilsenrath: Fed Presses Ahead With Bond Buys as Inflation Slows The Federal Reserve said it would press forward with an $85 billion-a-month bond-buying program and hinted it might even dial it up if the job market or inflation figures fail to meet the Fed’s expectations. The… Continue reading The FOMC Statement
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Stock Performance On FOMC Days
May 2, 2013
MoneyBeat (WSJ Blog) – For Stocks, the Ups and Downs of Fed Days The S&P 500 has averaged a 0.4% gain on Fed days dating back to March 2009, with positive returns coming 64% of the time, according to market-research firm Birinyi Associates. But as the chart shows, these days tend to be pretty choppy,… Continue reading Stock Performance On FOMC Days