The Economist – Room with a view If economists agree on something, the public will almost certainly think differently ECONOMISTS love to argue. Indeed, since the crisis, it has often seemed they cannot agree on anything, and especially not on important matters like how best to boost a sickly economy or when to trim government… Continue reading Economists vs The Public
Business Insider – Peter Schiff: There’s A Ton Of Evidence That Proves CPI Is A Horrible Measure Of Inflation Economists who hold the popular view that expanding the money supply will provide the best medicine for our ailing economy dismiss the inflationary concerns of monetary hawks, like me, by pointing to the supposedly low inflation… Continue reading CPI Is A Horrible Measure Of Inflation
The Financial Times – Japan unveils Y10.3tn stimulus package Japanese prime minister Shinzo Abe unveiled a Y10.3tn ($116bn) economic stimulus package that the government expects will lift the country’s gross domestic product by 2 per cent and create 600,000 jobs. “We are making a bold shift . . . towards an economic policy that will create wealth through economic… Continue reading A New Stimulus Package For Japan
The Wall Street Journal – $88.9 Billion: Fed Payout to Treasury The Federal Reserve sent a record $88.9 billion in profits to the Treasury Department in 2012 as it reaped gains from the unconventional programs it launched to spur economic growth. Last year’s remittance to Treasury topped the previous record of $79.3 billion in 2010,… Continue reading Once Again, The U.S. Treasury Makes A Killing
The Wall Street Journal – Regulators Find Major Euribor Shortcomings European regulators said Friday their probe into governance of one of the continent’s most important benchmark interest rates found major shortcomings, and called for an overhaul of its organizing body within six months. The European Banking Authority and the European Securities Markets Authority stopped short… Continue reading Euribor Regulation
MarketWatch.com – Paul B. Farrell: Washington ‘clowns’ set up 42% stock-market drop One fiscal cliff down. Three more to go: The $16.4 trillion Federal Debt Limit cliff, the $1 trillion Sequestration Cuts from defense and discretionary spending and the $2.5 trillion Congressional Budget cliff. No wonder investors are being warned of a 42% market drop… Continue reading Are We On The Verge Of A 42% Market Collapse?
The Wall Street Journal – Currency Funds Face Grave New World John Taylor, who has run one of the biggest currency hedge funds for more than three decades, is facing a harsh reality: The good times, at least for now, are gone. Mr. Taylor says the past few years have been among the most difficult… Continue reading Currency Funds
The Financial Times – Fed’s mapmaker charts central bank rethink For Pozsar and McCulley argue that just as we needed to rethink finance five years ago, we now need to embrace a new mental map of central banks. For while there has been a widespread assumption that central bank independence is always a good thing,… Continue reading Rethinking Finance
The Atlantic – ‘OoooooooO!’: Jack Lew’s Insane Signature Is Going to Be All Over Your Dollar Bills, Soon President Obama is expected to pick Jack Lew to be the next Treasury Secretary. If confirmed by Congress, that makes him the guy autographing your dollar bills. And, as Kevin Roose points out, his autograph is insane.… Continue reading Who Is Jack Lew?
Comment Jim Bianco was on Bloomberg TV yesterday discussing his preference for bonds over stocks. To view the interview click on the image above. To view any of our recent interviews click here.
The Wall Street Journal – Deficits, Debt and the Fate of the Dollar The year-end “fiscal cliff” tax deal sent shivers through the bond market, driving the price of 10-year Treasurys to the lowest level since April. There was a good reason. The stubborn resistance by President Barack Obama and Senate Majority Leader Harry Reid… Continue reading The Bond Market & The Fiscal Cliff