Bloomberg.com – Fed’s Williams Says Bond Buying May Exceed $600 Billion Federal Reserve Bank of San Francisco President John Williams said the central bank may buy more than $600 billion in bonds by extending its third round of quantitative easing well into next year. The Federal Open Market Committee last month affirmed its decision in… Continue reading Estimating The Size Of QE Infinity
The Wall Street Journal – Europe, Central Bank Spar Over Athens Aid Europe’s governments and the European Central Bank are at odds about who should shoulder the financial burden of giving Greece more time to repay its loans and remain part of the euro zone. The search for a solution for Greece, whether by forgiving… Continue reading Greece
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The Economy, Earnings and the Election A transcript of the November 1, 2012 conference call. Audio Link of Conference Call Handout (also shown below) [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/11012.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” /] <Click above to view webcast> [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=101″] Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-642165.mp3|titles=Conference Call ]
Comment Jim Bianco was on CNBC Friday discussing the payroll report and the Federal Reserve. To view the interview, click on the image above. To view any of our recent interviews click here. Slate.com – Matthew Yglesias: We’re Getting A New FOMC For Christmas One question you have to ask yourself about today’s good numbers… Continue reading Tomorrow We Vote For A President And Monetary Policy
CNN – CNN National Poll: Dead heat between Obama and Romney Forty-nine percent of likely voters questioned say they support the president, with an equal amount saying they back the former Massachusetts governor. The poll is the fourth national non-partisan, live operator survey released Sunday to indicate the battle for the presidency either a dead… Continue reading Election Update
The New York Post – John Crudele: A tricky treat O lucky seasonal jobs adjustments are quirky If you look it up, the unadjusted job growth this October was 911,000 jobs. After seasonal adjustments, that number became the 171,000 number in all the headlines. In October 2011, the unadjusted gain in jobs was 895,000 —… Continue reading Seasonal Adjustments To Payrolls
The Telegraph (UK) – Ambrose Evans-Pritchard: China’s economic destiny in doubt after leadership shock The forces of reaction and economic folly threaten to prevail in China. The long political arm of Jiang Zemin has reached out from the shadows to thwart reform, with huge implications for Asia and the world. If reports from the Hong… Continue reading The Other Political Story This Week – China
The Wall Street Journal – James Grant: Vote for the Sound Money Ticket Insufficient attention to the principles of the founding financiers is the source of our broken public finances What does the public want? On Tuesday, many of us will register our preferences at the polling place. As for me, I am lining up—to… Continue reading Jim Grant Speaks
The Financial Times – S&P found guilty of misleading investors Standard & Poor’s misled investors by awarding its highest rating to a complex derivative product that collapsed in value less than two years after it was created by ABN Amro’s wholsesale banking division, an Australian judge has ruled, in a landmark case that paves the… Continue reading Rating Agencies Behaving Badly
Bloomberg.com – Goldman Sachs Partner List Drops 31 Since February, Filing Shows Goldman Sachs Group Inc. (GS), which is scheduled to announce its new class of partners next week, has 407 members of that elite group, down 31 in about nine months, according to a company filing. That’s because 33 people listed as part of… Continue reading Goldman Sachs
The Telegraph (UK) – HSBC to face £1bn fines over money-laundering HSBC is set to face a final bill for fines as high as $1.5bn (£937m) for the “shameful and embarrassing” US money-laundering scandal that has engulfed Britain’s biggest bank. The lender is tomorrow expected to spell out the full financial damage caused by the… Continue reading Banks Behaving Badly