Newsclips
Cartoons
November 26, 2012
h/t The Big Picture
h/t The Big Picture
MarketBeat (WSJ Blog) – Sixth Myths About the Stock Market: Birinyi The notoriously bullish Birinyi Associates wants to set the record straight: The recent stock-market slide isn’t a reason to panic. A plethora of investors and strategists have cautioned that the market’s recent pullback could portend an even bigger correction, perhaps even the start of… Continue reading Stock Market Myths
Reuters – Boehner comments show tough road ahead for “fiscal cliff” talks * Boehner: U.S. can’t afford “Obamacare” law, given debt * Says law “has to stay on the table” as parties discuss debt * Analysts say “Obamacare” a non-starter in fiscal cliff talks * Boehner comments could be “bargaining chip” in negotiations New comments… Continue reading So You Think A Fiscal Deal Deal Is Coming …
Bloomberg.com – Paula Broadwell’s Radar Tracks Generals, Not Fed Yellen, in a speech last week in Berkeley, California, said she agreed with the idea of replacing the current calendar-date guidance — a funds rate of 0 to 0.25 percent at least through mid-2015 — with economic conditions that would need to be satisfied before raising… Continue reading The Federal Reserve
The Wall Street Journal – Japan’s Abe Pushes Stimulus The front-runner to become Japan’s next prime minister said he would consider loosening some of the nation’s fiscal-discipline policies, in defiance of warnings by credit raters to curb borrowing by the heavily indebted government, suggesting instead more spending to help jump-start growth. “First, we will concentrate… Continue reading Japan Only Has One Idea, More Keynesian Stimulus
MarketBeat (WSJ Blog) – A Turning Point for Global Bond Yields? Prepare for rising global bond yields in 2013, as measures adopted to alleviate the euro-zone crisis and a modest improvement in the economy curb demand for the safest government debt. That’s the message from bond analysts at JPMorgan JPM +0.07%, who think central bankers… Continue reading Global Bonds
The Economist – Economics: Micro stars, macro effects Meet the economists who are making markets work better A team at Google headed by its chief economist, Hal Varian, is using search-engine data to provide more timely measures. Search terms like “job”, “benefits” and “solitaire” are closely correlated with unemployment claims (see chart). These types of… Continue reading Tracking Claims
Bloomberg.com – Gold Seen by Merrill Lynch Rallying Above $2,000 Next Year Gold is poised to rise above $2,000 an ounce next year, while lack of clarity on demand outlook and policies in China dim prospects for industrial metals, according to Merrill Lynch Wealth Management, which oversees more than $1.8 trillion for clients. “We are… Continue reading A Gold Bull
The Financial Times – Gillian Tett: Beware the next financial blindspot During the crazy credit boom of 2006 and 2007, Paul Tucker, now deputy governor of the Bank of England, tried to sound an alarm about shadow banks. In a couple of prescient speeches he warned that “Russian doll finance” or “vehicular finance” – as… Continue reading Financial Blindspot
The Financial Times – Argentina angry at hedge fund court win Argentina has angrily criticised a US court decision that has awarded hedge fund creditors more than $1.3bn as “a kind of legal colonialism”. “All we need now is for [Judge Thomas] Griesa to send us the Fifth Fleet,” Hernán Lorenzino, economy minister, said. The victory… Continue reading An Argentinian Default
The Globe & Mail (Canada) – Don’t look to Black Friday for clues to the market Over the next three days, investors will pore over Black Friday sales data for clues about what the numbers mean for the economy and stock market. Here’s a tip: Don’t waste your time. A look back at the past… Continue reading What Black Friday Tells Us