Newsclips
An Updated Look At ETF Assets
February 22, 2013
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CNBC – Marc Faber Warns: ‘Market Has Peaked Out’ The stock market has “peaked out” and bonds may be on their way to a rebound, Marc Faber, publisher of the Gloom, Boom & Doom Report, said Thursday on CNBC. “I think we have made an intermediate top, and it could be a longer-term top,” he… Continue reading Mark Faber Speaks
Zero Hedge – Hedge Funds Have Never Been More Bullish Stocks (And Bearish Gold)| Across the universe of hedge funds that Goldman Sachs covers, the net long exposure to the market reached a record-breaking 52% in Q4 2012 – the most bullish level on record. It would appear, as we noted here, that the 2-and-20… Continue reading Hedge Funds Are Bullish
CNBC – Should Bond Investors Brace for a 1994-Style Crash? The recent run-up in sovereign bond yields combined with a recovery in global growth could lead to a crash in bond prices similar to the one seen in 1994, said investment house AMP Capital in a report published Thursday. According to investment strategy head Shane… Continue reading Your Daily Installment On Why The Bond Market Is Doomed
Bloomberg.com – EU Says Euro Zone to Shrink in 2013 as Unemployment Rises The euro-area economy will shrink in back-to-back years for the first time, driving unemployment higher as governments, consumers and companies curb spending, the European Commission said. The 17-nation euro zone’s gross domestic product will fall 0.3 percent this year, compared with a… Continue reading Europe
The Economist – Rich-world central banks explore more doveish strategies FOR four years rich-world central banks have done their best to rejuvenate economies with conventional and unconventional monetary policy. Now, with short-term interest rates still stuck near zero and their balance-sheets stuffed with government bonds, the central banks of America, Britain and Japan are experimenting… Continue reading Central Banks
The Wall Street Journal – Payroll Tax Whacks Spending Wal-Mart Stores Inc. WMT +1.52% on Thursday joined a parade of retailers, restaurants and consumer-goods companies worried about the economic impact of the recently restored federal payroll tax that has left Americans with less money to spend. Now, Wal-Mart is stocking more of its shelves with… Continue reading The Payroll Tax And Walmart
The Financial Times – Brussels turns up pressure over Libor Banks and broker-dealers ensnared in the Libor-rigging scandal are facing fresh pressure to settle with Europe’s top competition authority as it expands the scope of its probes. Tshe European Commission’s 18-month antitrust investigation, previously known to include yen and euro interbank rates, has been extended… Continue reading LIBOR
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The Wall Street Journal – Jon Hilsenrath: Fed Split Over How Long To Keep Cash Spigot Open Federal Reserve officials, uneasy with potential risks springing from the central bank’s low-interest-rate policies, are split over an early retreat from the experimental programs created to revive the U.S. economy. Minutes released Wednesday from the Fed’s January policy… Continue reading Debating The Exit Strategy
<Click on chart for larger image> The Wall Street Journal – A Fearful Time for Gold Gold’s latest quantitative easing-fueled rally has now rolled over completely. Trading at less than $1,590 an ounce Wednesday morning in New York, gold futures are back to where they were in early August, just before QE-fever kicked in. Gold… Continue reading Gold
The Wall Street Journal – Martin Feldstein: A Simple Route to Major Deficit Reduction Putting a cap on tax expenditures—those features of the tax code that are a substitute for direct government spending—can break the current fiscal impasse and prevent the dangerous explosion of the national debt. If a cap is combined with entitlement reforms,… Continue reading Reducing The Deficit