Bloomberg.com – Bernanke Depression Guru Seeks Roosevelt Well-Being Ben S. Bernanke argued for 15 years that the Federal Reserve should announce a numerical inflation target. When he finally got his way in January, the victory allowed the central bank to elevate its other mandate: full employment. By adopting a 2 percent inflation goal, the Fed… Continue reading Bernanke
The Wall Street Journal – Hug a Price Gouger Millions who live in the Northeast and endured Irene and last October’s snowmageddon raced to their local hardware store for a portable generator. The store owner cares about his reputation with customers, so he didn’t boost the price by 50% to curb demand—with the result that… Continue reading Price Gouging
The Telegraph (UK) – Gold price to rally regardless of who is elected President Gold is likely to go much higher in the course of the 45th President’s four year term – whether there is a President Obama or a President Romney, according to analytics firm GoldCore. In its latest newsletter, GoldCore said that the… Continue reading Gold Prices And The Election
The Financial Times – New debt forecasts dash Greece hopes The magnitude of Greece’s fiscal challenge was painted in sharp relief on Wednesday as Athens unveiled new budget projections exceeding the worst-case scenarios envisioned by international lenders when they agreed a €174bn rescue eight months ago. Instead of Greece’s debt peaking at 167 per cent… Continue reading Greece
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Conference Call Presentation/Charts of the Week Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-642165.mp3|titles=Conference Call ] Topics Covered This Week Include: The State Of The Economy Growth Through Year-End Earnings And Revenue “Beats” The Trend In Earnings Earnings – Expecting Negative Growth For Q3 Revenue Growth Revenue Growth – Less Than The Inflation Rate Companies Are Guiding Lower The Federal Reserve… Continue reading Conference Call Presentation/Charts of the Week
Comment On November 1, 2012 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 Thursday as we discuss the state of the economy, the latest on the third quarter’s disappointing earnings,… Continue reading The Economy, Earnings & The Election
Bloomberg.com – Caroline Baum: No, Hurricane Sandy Won’t Help the Economy Before the nonsense gets too far out of hand, let’s review very briefly why natural disasters aren’t a net plus for an economy. Don’t laugh. Every time some region of the world suffers the ravages of nature, economists pump out silly reports outlining the… Continue reading Hurricane Sandy Aftermath
Politico – Gallup suspends daily tracking poll “Gallup will not conduct daily tracking surveys for a second night, Tuesday, Oct. 30, due to the ongoing effects of superstorm Sandy and will continue to reassess the situation on a day-to-day basis,” read a statement from the organization. “Gallup will provide an update on Wednesday about plans… Continue reading Election Update
<Click on chart for larger image> The Wall Street Journal – Bond Cliff Looms for Investors Investors have been cautioned about the fiscal cliff and the dividend cliff, but many seem determined to head lemming-like over the bond cliff. Those who’ve been binging on bond mutual funds should at least be aware of the signs… Continue reading Bond Cliff?
The Wall Street Journal – Housing Bulls Shrug Off Skeptics, Hold Ground Some investors are sticking to their bullish bets on home builders, despite a number of warnings from Wall Street analysts that the massive rally in the stocks is overdone. The optimists say they believe the recovery of the U.S. housing market still is… Continue reading Housing Boom
The Financial Times – Draghi’s resolve is ECB’s sharpest tool The eurozone may have avoided a break-up, but its economy is contracting at worrying speed. Purchasing managers’ indices last week showed private sector activity shrinking at the fastest pace since the depths of the 2009 post-Lehman Brothers global recession. Such a precipitous drop raises the… Continue reading Europe