TIME – Is the Global Economy Slowly Falling Apart? It’s conventional wisdom that the U.S. economy is steadily recovering from the recession, even if progress is slow and disappointing. But there’s also a widespread sense that long-term economic prospects are deteriorating all around the world. Young people can’t find jobs. Budgets keep being cut in… Continue reading Two Views On Global Growth
Bloomberg Businessweek – BOE Says Investors May Have ‘Too Rosy’ a View of Stress The Bank of England said rising equity markets don’t reflect the underlying economic situation and warned that investors may be underestimating risks in the financial system. Gains by equities since mid-2012 “in part reflected exceptionally accommodative monetary policies by many central… Continue reading The BOE Thinks Investors Are Too Optimistic
Bloomberg.com – Liquidity Carpet Bombs Fueling Asset Bubbles, Rohde Says Policy makers steering the global economy have pumped the financial system with so much liquidity that any exit risks popping potential asset bubbles or stunting a recovery, Danish central bank Governor Lars Rohde said. “The risk is we stay in this climate too long and… Continue reading QE & Asset Bubbles
South China Morning Post – Interview with George Soros Q: What is your view on gold? A: That’s a complicated question. It has disappointed the public, because it is meant to be the ultimate safe haven. But when the euro was close to collapsing in the last year, actually gold went down, because if people… Continue reading Soros Speaks Out On Gold
<Click on chart for larger image> The Wall Street Journal – Housing Prices Are on a Tear, Thanks to the Fed The U.S. housing market has broken out of a deep slump, and prices are shooting up faster than anyone thought possible a year ago. For many homeowners, that is a cause for celebration. But… Continue reading Some Perspective On Housing
The Wall Street Journal – Big Question in U.S. vs. S&P Why is the U.S. government trying to obtain billions of dollars in damages from Standard & Poor’s Ratings Services for allegedly slipshod work on mortgage-linked securities, but nothing from rival Moody’s Investors Service? The Justice Department won’t say, but that is one of the… Continue reading Moody’s vs. S&P
Bloomberg.com – Intrade Uncovers $700,000 Shortfall as It Seeks Members’ Support Intrade, the betting website that halted trading last month amid a probe into suspected financial irregularities, told customers it has found a $700,000 shortfall in client funds as it seeks their backing for a survival plan. The Dublin-based company uncovered the shortfall after comparing… Continue reading More Trouble For Intrade
None Today
Comment Yesterday we hosted a conference call with the above title. If you missed it, click on the links below. [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/040413.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” /] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=120″] Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-682167.mp3|titles=Conference Call]
The Wall Street Journal – U.S. Economy Adds Just 88,000 Jobs Employers added 88,000 jobs last month, the Labor Department said Friday. The unemployment rate, obtained by a separate survey of U.S. households, fell one-tenth of a percentage point to 7.6%. Economists surveyed by Dow Jones Newswires expected that nonfarm payrolls would rise by 200,000… Continue reading Employment In Pictures
The Economist – Where did all the money go? As Cypriots are discovering, wealth can prove to be illusory WHEN share and house prices collapsed in 2008, Buttonwood’s father-in-law asked what happened to the trillions of dollars of wealth that had disappeared. Uninsured Cypriot bank depositors are asking the same question about the money that… Continue reading Cyprus
<Click on chart for larger image> Reuters – Analysis: Big inflows into bonds undercut the “Great Rotation” Fears of a rush for the exits from the U.S. bond market have been greatly exaggerated. Even as the fixed-income sector grapples with a rare negative start to the year, many of the biggest and widely followed bond… Continue reading More On The Non-Existent Rotation Into Stock Funds That Is Now Over