The Financial Times – Bank of England’s culture attacked Excessive deference and hierarchy is damaging the Bank of England’s effectiveness, according to three independent reviews that criticise the central bank’s culture. The reviews into operations during the financial crisis found that officials in Threadneedle Street had learnt “rapidly” and handled the crisis “effectively”, but were… Continue reading The Bank Of England
Reuters – Edward Hadas: Admit economic ignorance Here are six crucial questions which professionals should stop pretending they can answer: 1) What creates retail inflation? 2) How do financial asset prices affect the real economy? 3) Do big fiscal deficits damage the economy? 4) What does quantitative easing actually do? 5) How much leverage is… Continue reading What Do Economists Actually Know?
Comment Today at 9 AM CT (10:00 AM ET, 7:00 AM PT, and 14:00 GMT), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Join us today as we discuss the state of the economy, the latest on the third quarter’s disappointing earnings, and the upcoming… Continue reading The Economy, Earnings & The Election
Comment Jim Bianco was on Bloomberg TV this morning discussing the economy, the markets, the election and Federal Reserve policy. To view the interview, click on the image above. To view any of our recent interviews click here. Many of the topics discussed in the interview will be included in our conference call today. To… Continue reading Discussing The Markets
Watch the latest video at video.foxbusiness.com Comment Jim Bianco was on FOX Business yesterday discussing the exchanges and Hurricane Sandy. To view the interview, click on the image above. To view any of our recent interviews click here. The Wall Street Journal – Wall Street Sputters Back to Life Powered by generators, surrounded by flooding… Continue reading Hurricane Sandy And The Exchanges
[pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=100″] Zero Hedge.com – ADP “Cancels” 365,000 Private Jobs Created In 2012 Frequent readers know that in addition of any “data” and “numbers” out of Larry Yun’s National Association of Realtors, which we openly boycott as these are consistently manipulated (recall the massive historical December 2011 revision), slanted and conflicted, the second dataset… Continue reading More Of The Same With ADP
PIMCO – Time To Vote! Aside from a little squiggle back close to 0% over the last year or so, there is no evidence that investment is being incented by quantitative easing. All of the money being created and freed up is elevating asset prices, but those prices are not causing corporations to invest in… Continue reading Bill Gross Speaks
Politico – Update: Gallup unsure it can resume Gallup may begin polling again on Thursday after it had ceased calling voters a day before Hurricane Sandy ravaged the East Coast, but its editor-in-chief was unsure whether the results will be published. Frank Newport said the decision whether to resume polling in certain states — and… Continue reading Election Update
CNBC – How Will the Fed React to Sandy? There’s already talk on Wall Street about the possibility of the Federal Reserve providing further monetary accommodation in response to the damage wrought by Sandy. With the Fed Funds target rate at zero, this could mean larger quantitative easing asset purchases or a focus on buying… Continue reading QE Sandy?
Reuters.com – Sandy shows liquidity may be over-rated: James Saft Liquidity in an asset – one that trades often and can be bought or sold easily with minimal movement in price – is a characteristic which has always been prized in financial markets, and with good reason. Wednesday’s calm trading highlights the very high premium… Continue reading Hurricane Sandy And Liquidity
<Click on chart for larger image> CNN Money – Eurozone unemployment hits record high Unemployment in the eurozone rose in September to a record high of 11.6%, the European Commission’s Eurostat statistics agency reported Wednesday.. The figure was a slight increase from 11.5% in August. The increase is more significant compared to September 2011, when… Continue reading Eurozone Unemployment At A New Record