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January 17, 2013
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Charts of the Week Topics Covered This Week Include: Updated Look At Economic Growth In 2013 The Federal Reserve’s Balance Sheet The Myth Of The First Trading Week Of The Year The Myth Of The First Trading Week Of The Year – 2 Will Dell Kick Off A Merger-Mania Period? Everybody Loves Stocks Everybody Loves… Continue reading Charts of the Week
Comment With all the political talk about the debt ceiling, we thought a short history of the debt ceiling and government shutdowns was in order. The Second Liberty Bond Act of 1917 Prior to World War 1 every bond issued by the U.S. Treasury needed to be approved by Congress. During World War 1 Congress… Continue reading A Short History Of The Debt Ceiling/Government Shutdowns
Comment Jim Bianco discussed the stock market and the “black swan” with Charles Biderman of TrimTabs earlier this week. To view the interview, click on the image above. To view any of our recent interviews click here.
Washington Examiner – Ben Bernanke: Get rid of the debt ceiling, it has no practical value Federal Reserve Chairman Ben Bernanke criticized the debt ceiling as an unusual device that can be used to prevent the United States from paying it’s bills, as he suggested that the country would be better off if the debt… Continue reading Bernanke Suggests Getting Rid Of The Debt Ceiling
cnbc.com – Fitch Warns of US Downgrade Over Debt Fight Failure to raise the debt ceiling within a “timely” manner would see the United States’ sovereign ratings put under formal review with “highly uncertain” consequences, rating agency Fitch warned U.S. policymakers Tuesday. In a statement Fitch said the debt ceiling was “an ineffective and potentially… Continue reading U.S. Downgrade Outlook
The Financial Times – Too much rides on central banks steering stable course The search for yield turned 2012 into a veritable dash for trash in global markets. The lower the credit quality, the better the performance was the guiding principle, with poor quality credit outperforming investment-grade credit. At the same time, credit securities more… Continue reading Central Banks
MarketWatch.com – Bernanke downplays inflation risk of QE3 Worst thing Fed could do would be to hike rates prematurely Federal Reserve Chairman Ben Bernanke on Monday played down the fears of some more hawkish central bankers and investors that the Fed’s aggressive bond-buying program will lead to higher inflation. “I don’t believe significant inflation is… Continue reading More On Bernanke
MarketWatch.com – U.S. home price acceleration at six-year peak U.S. home prices edged up in November to take the year-on-year appreciation to the strongest level seen in more than six years, data provider CoreLogic said Tuesday. CoreLogic said home prices grew by 0.3% in November, putting the year-on-year rate at 7.4% — the fastest gain… Continue reading The Housing Recovery
The Financial Times – Fund managers’ risk appetite nears record Risk appetite among fund managers has hit its highest level in nine years and is hovering near all-time highs, in a sign that the bulls have returned to equity markets after years in hiding. The surge in confidence comes as investors pumped $22bn into equity… Continue reading Risk Appetite In The Markets Increases
The Wall Street Journal – BofA Takes a Mortgage Mulligan The decision is Bank of America’s latest about-face in a business that the company once sought to dominate. It also underscores the plight of many U.S. banks, which are struggling to find profitable businesses in the face of a sluggish economy, tougher regulation and hefty… Continue reading BofA Looks To Take On The U.S Mortgage Business
Weekly Standard – Federal Welfare Spending to Skyrocket 80 Percent in Next Decade Federal welfare spending will skyrocket 80 percent over the next decade, according to new analysis by the minority side of the Senate Budget Committee. Here’s a chart, provided by the committee, detailing the growth in spending.