Barron’s – Gene Epstein: Next Stop. Greece Special Report–Debt Crisis: If we fail to rein in spending and increase taxes — starting now — the U.S. in 22 years could be in worse shape than Greece is today. In his State of the Union speech last Tuesday, President Obama concluded that “the State of our… Continue reading A Cover For Contrarians
The Wall Street Journal – With Stock Prices Soaring, Investors Fear Another Crash Since then, the market has collapsed twice and recovered twice. Each time, the S&P 500 has made it just over the 1500 line before plummeting. Will this time be any better? There are many on Wall Street who will tell you that… Continue reading Earnings Growth
CNBC – Why More Than 8% Unemployment Could Lie Ahead Severe fiscal tightening in the U.S. will lead to no growth or a contraction in the first two quarters of 2013 and will push unemployment over the 8 percent level, according to Lombard Street Research. The knock-on effect will mean pain for the business sector,… Continue reading 8% Unemployment Again?
Barron’s – Randall W. Forsyth: Liquid Courage The deals are all about consolidation, not innovation. These deals speak to the slowing of innovation in the U.S. economy, an idea put forth by Northwestern University’s Robert J. Gordon (most recently in a Wall Street Journal op-ed, “Why Innovation Won’t Save Us,” Dec. 22). Even in technology,… Continue reading Is Deal-Mania Helping The Economy?
The Wall Street Journal – China Central Bank Reverses Cash Pump Chinese authorities took a step to ease potential inflationary pressures Tuesday by using a key mechanism for the first time in eight months. The move by the central bank to withdraw cash from the banking system is a reversal after months of pumping cash… Continue reading China
Bloobmerg.com – Martin Zweig, Stock Author Who Predicted ’87 Market Crash, Dies Martin E. Zweig, who predicted the 1987 stock market crash and whose newsletters influenced American investors for a quarter century, died yesterday, according to his New York-based firm. He was 70 or 71. The Cleveland native wrote “Winning on Wall Street” and published… Continue reading A Wall Street Legend Passes
The Washington Post – Stan Fischer saved Israel’s economy. Can he save America’s? Every August, central bankers from across the globe, who collectively pull the levers of the world economy, descend on Grand Teton National Park in Wyoming. They enjoy a symposium of big economic ideas and strenuous afternoon hikes. At one of their dinners… Continue reading Stan Fischer For FOMC Chairman?
The Wall Street Journal – ‘Loose Talk’ and Loose Money The G-20 concedes that central banks rule the world economy. The main message out of the Group of 20 nations meeting in Moscow on the weekend boils down to this: Countries can continue to devalue their currencies so long as they don’t explicitly say they… Continue reading Currency Wars
Rolling Stone – Matt Taibbi: Gangster Bankers: Too Big to Jail How HSBC hooked up with drug traffickers and terrorists. And got away with it he deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and… Continue reading Too Big To Jail
None Today
Comment Yesterday we hosted an internal conference call discussing the markets. To view the the webcast click on the image below. We noticed a slight delay between the video and audio. We are working on getting that fixed. [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/021413.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” /]
The Wall Street Journal – Stock-Trading Glitches Are on the Decline Trend Suggests Recent Efforts by Regulators and Exchanges to Curb Market Disruptions are Bearing Fruit, Some Say The percentage of U.S. stock-trading volume that exchanges canceled last year was the smallest since at least 2004, according to the New York Stock Exchange, and the… Continue reading Trading Volume