Yahoo.com – Soros: Euro destroying EU, and Germany should save it The European Union could be destroyed by the “nightmare” euro crisis, and Germany needs to take the responsibility to save the common currency, billionaire fund manager George Soros said on Monday Soros, who made his mark as an investor on a big bet against… Continue reading Save The Euro
<Click on chart for larger image> The Wall Street Journal – Bond Prices Climb as Fears on Greece Ease Greece’s efforts to seal a deal with its creditors on new austerity measures as early as this week suffered another setback on Monday, but supportive remarks from senior euro-zone officials calmed fears of a sudden euro… Continue reading Greece & Spain
Yahoo.com – Exclusive: Study shows $1.2 trillion gap for public pensions The largest 100 public pension funds have around $1.2 trillion of unfunded liabilities, about $300 billion above the nearly $900 billion they reported themselves, according to a new actuarial study to be released on Monday. The pension systems reported a median funding level of… Continue reading Public Pensions Are In Bad Shape
The Wall Street Journal – Gas Market Stung by Rapid Traders Veteran natural-gas trader John Woods has a simple trading strategy around data on U.S. gas stockpiles: Stay away. Mr. Woods and other floor traders on the New York Mercantile Exchange used to look forward to the weekly report of gas-inventory figures by the U.S.… Continue reading High Frequency Trading Hits The Natural Gas Market
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Heading Into The Election And Beyond A transcript of the October 11, 2012 conference call. Audio Link of Conference Call Handout (also shown below) [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/101112.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=96″] Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-636339.mp3|titles=Conference Call ]
<Click on chart for larger image> Bloomberg.com – Profit Pessimism at 2009 High on Intel, FedEx Forecasts Earnings pessimism among U.S. chief executive officers is climbing to levels last seen when the Standard & Poor’s 500 Index was mired in bear markets. Over the last four weeks, the ratio of companies saying profits will trail… Continue reading Earnings Season
<Click on chart for larger image> <Click on chart for larger image> <Click on chart for larger image> Bloomberg.com – Democrats Better for U.S. Bonds Since LBJ Beat Goldwater The idea that Democrats are big spenders and bad for bonds while Republicans are deficit hawks is being turned on its head in the $10.8 trillion… Continue reading Election Update
CNBC – Alarm on Wall Street Grows as ‘Fiscal Cliff’ Nears The sluggish U.S. economy has been relatively kind to Wall Street’s banks, many of which are flush with profits and stand to gain from the Federal Reserve’s new bond-buying effort. Yet these same financial titans are warning that the government’s inaction in the face… Continue reading Today’s Edition Of Fiscal Cliff Panic
The Wall Street Journal – U.S. Oil Boom Falls Short of Pump Gas Prices Stay High Even as Production Surges, as Midwest Can’t Dent Global Market; Some Refiners Profit Surging U.S. oil production is driving down domestic benchmark crude prices and delivering a windfall to some refiners and their investors. But the oil boom is… Continue reading Crude Oil
Spiegel (Germany) – Growth Warning: Top German Economists Say Greece Is Lost Several top German economic institutes on Thursday warned that German growth is slowing as the country continues to be hampered by the ongoing euro-zone debt crisis. And Greece, they say, will be unable to “free itself from its debt burden” and will need… Continue reading Europe Worries
San Francisco Gate – California EDD denies it under-reported jobless claims The California Employment Development Department is denying news reports that it failed to fully report the number of Californians who filed new jobless claims last week. The U.S. Bureau of Labor Statistics this morning reported a bigger-than-expected drop in seasonally adjusted new jobless claims… Continue reading More On Last Week’s Initial Claims