Charts of the Week Topics Covered This Week Include: The Debt Ceiling – $150 Billion Away M2 And Money Market Funds Bernanke To Support Housing, Will It Matter? An Updated Look At Earnings – 1 An Updated Look At Earnings – 2 S&P 500 Drawdown Hedge Fund Dramatic Underperformance Continues Market Correlation Returns High Yield… Continue reading Charts of the Week
The Wall Street Journal – Jon Hilsenrath: Fed Still Trying to Push Down Rates Fed Chairman Ben Bernanke suggested that the central bank will keep trying to push down long-term interest rates in 2013, as federal tax and spending policies become a more substantial headwind to the U.S. economy. “We will continue to do our… Continue reading Bernanke Has All Bases Covered
Mauldin Economics – The Post Election Economy A Clear-Eyed Analysis of the Risks and Opportunities for Investors Participants include, John Mauldin, Mohamed El-Erian, Barry Ritholtz, Richard Yamarone, Gary Shilling, James Bianco, Barry Habib and Lauren Lyster (moderator) Comment The link above is a 78 minute video discussing the post election economy with the listed participants. … Continue reading Post Election Economy
MarketWatch.com – Bernanke presses lawmakers to resolve fiscal cliff Fed chairman says inaction is already affecting the economy Federal Reserve Chairman Ben Bernanke was in New York City Tuesday to send a message back to Washington: Cut a deal to avoid the fiscal cliff, and don’t play politics with the federal debt limit again. Confusion… Continue reading Bernanke Discusses The Fiscal Cliff
CNBC – Morgan Stanley’s Recession Doom Scenario The global economy is likely to be stuck in the “twilight zone” of sluggish growth in 2013, Morgan Stanley has warned, but if policymakers fail to act, it could get a lot worse. The bank’s economics team forecasts a full-blown recession next year, under a pessimistic scenario, with… Continue reading Recession Talk
The Financial Times – Spain is in need of urgent repair In the beginning, the eurozone crisis featured two core problems: large imbalances of trade and competitiveness, and a daunting debt mountain. Two years on, the challenge has shifted: there have been striking advances in competitiveness but the debt is as formidable as ever. This… Continue reading Spain Needs Help
The Wall Street Journal- Most Households Face ‘Fiscal Cliff’ Almost all American households would take a financial blow next year—and low-income families would be among the hardest hit—if the White House and Congress fail to solve the “fiscal cliff” of big tax increases and spending cuts set to start Jan 2. A married couple making… Continue reading How The Fiscal Cliff Affects Everyday Americans
The Financial Times – On Greece, Europe should listen to the IMF The devastating debt overhang now consists primarily of debt owed to European governments, institutions and the IMF. And all that Europe seems willing to consider right now is to extend principal maturities and reduce interest rates. Explicit official debt reduction operations — or… Continue reading Greece
The Wall Street Journal – Investors Play Name Game on Muni Debt What’s in a name? In the municipal-bond market, a chance to profit from the financial woes of some cities and towns. Bonds tied to a distressed city often take a hit when plummeting tax revenue or outsize pension costs strain the budget. But… Continue reading Muni Debt
Zero Hedge – Is The Largest Weekly Inflow Into Bank Savings Accounts On Record, A Flashing Red Alarm? When one thinks of America, the word “savings” is likely the last thing to come into a person’s head, for the simple reason that the vast majority of Americans don’t save: recall that in September the personal… Continue reading Savings
The Street – Kass: The Earnings Cliff Is Cause for Concern I did, however, stipulate that I was still fearful of the earnings cliff, which will likely constrain the market’s upside (albeit, possibly to higher levels for the S&P 500). And there is nothing that I saw in the third-quarter reports that reduces my concerns:… Continue reading The Earnings Cliff
ABOUT OUR FILM: Whether you’re buying a gallon of gas in Omaha, a loaf of bread in New York, or a condo in Miami, the Federal Reserve is taking historically unprecedented actions that affect your life. But even though Ben Bernanke is in the headlines daily, the average person knows very little about America’s central… Continue reading Money For Nothing