Charts of the Week Topics Covered This Week Include: Earnings Season Election Update Spain Spain Deposits Credit Spreads Mutual Fund Outflows The Fiscal Cliff Core Inflation Chinese And Japanese Treasury Holdings The Dollar’s Status As A Reserve Currency Corporate Issuance Retail Gas Prices Iran And Oil Prices Crude Oil Futures: Producers Closing In On Net… Continue reading Charts of the Week
Comment We last detailed our laundry list of bond haters earlier this year. The list is long and includes some very impressive names. We have also highlighted the table below which currently shows 88% of economists surveyed (71 of 81) expect higher rates in the next six months. Back in May, when the 10-year was… Continue reading Everybody Hates Treasuries
Real Time Economics – Chances of Going Over Fiscal Cliff May Be Higher Than Experts Think What are the odds of the U.S. running off the so-called fiscal cliff — the mix of spending cuts and tax increases that would likely tip the U.S. into recession? On average, economists in the latest Wall Street Journal… Continue reading The Fiscal Cliff
<Click on chart for larger image> <Click on chart for larger image> <Click on chart for larger image> <Click on chart for larger image> The Financial Times – Obama rallies but Romney remains calm For the second time in two weeks, commentators agreed that the US presidential debate had altered the momentum of the race… Continue reading Election Update After The Second Debate
<Click on chart for larger image> Bloomberg.com – Spanish Bonds Surge With Italy as Moody’s Rating Spurs Optimism Spain’s government bonds advanced, pushing 10-year borrowing costs to the lowest in more than six months, after Moody’s Investors Service said it would keep the nation’s credit rating at investment grade. Italian and Portuguese securities also rallied… Continue reading Spain
The New York Times – Which Changed First, the Polls or the Markets? While Wall Street has thrown the bulk of its donations behind Mitt Romney, it is not viewing his potential ascent as an entirely good thing for the markets. Some market participants who are generally supportive of Mr. Romney’s economic policies, including the… Continue reading Would A Romney Win Upset The Markets?
<Click on chart for larger image> Bloomberg.com – China Credit Card Romney Assails Gives Way to Japan China is poised to lose its place as the U.S.’s biggest creditor for the first time since the height of the financial crisis, blunting one of Mitt Romney’s favored attacks in the presidential campaign. Chinese holdings of Treasuries… Continue reading Japanese And Chinese Holdings Of U.S. Treasuries
The Street – Citigroup May See Post-Pandit Breakup: Analyst Citigroup (C) may shrink further in the wake of sudden departures of CEO Vikram Pandit and COO John Havens. The leadership change has raised questions about the future strategy at Citigroup , including what its course of action will be for its bad bank Citi Holdings.… Continue reading Citi
Reuters.com – Fed officials offer divergent views on inflation risks Federal Reserve officials offered divergent opinions on Monday about the correct stance for monetary policy, differing most sharply on the inflation risk posed by the central bank’s massive efforts to buoy U.S. growth. The Fed, which meets to review policy next week, in September announced… Continue reading Inflation Risk
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Yahoo.com – Fed officials offer divergent views on inflation risks Federal Reserve officials offered divergent opinions on Monday about the correct stance for monetary policy, differing most sharply on the inflation risk posed by the central bank’s massive efforts to buoy U.S. growth. The Fed, which meets to review policy next week, in September announced… Continue reading The Federal Reserve Speaks
The Weekly Standard – For Every Person Added to Labor Force, 10 Added to Those Not in Labor Force A new chart from the minority side of the Senate Budget Committee details the fact that, since January 2009, for every person added to the labor force, 10 have been added to those not in the… Continue reading The Jobs Market