The Financial Times – End to ‘alpha’ spells trouble for fund managers It is no secret that investors of all stripes have struggled to beat the market since the financial crisis. The majority of hedge funds, for instance, have trailed both global stocks and bonds since the start of 2010, meaning that they have not… Continue reading The Death Of Alpha
None Today
Comment Jim Bianco was on CNBC on Friday discussing the payroll report. To view the interview click on the picture above. To view any of our recent interviews click here. In the interview we argued that employment problems are structural and not cyclical. Federal Reserve policy can address cyclical employment problems. When employment problems are… Continue reading Payroll Post Mortem
Comment Jim Bianco was on CNN late Friday discussing Ben Bernanke and QE3. To view the interview click on the picture above. To view any of our recent interviews click here. Last year this story really stung the Federal Reserve. The Wall Street Journal – (November 23, 2011) Investors Bullish on Fed Tips Hours after… Continue reading QE3 Is A Done Deal, But What Form Will It Take?
Barron’s – JONATHAN R. LAING: Happy at Last After an ugly six-year decline, home prices are starting to look up. Why the rebound is for real. Plus: What’s next for the top 50 U.S. housing markets. Nothing’s wreaked quite the havoc on the U.S. economy, and indeed the national psyche, as the six-year slide in… Continue reading A Housing Bottom – Take 3
Reuters – Thousands of Greeks protest against new round of austerity cuts Thousands of Greeks marched at an annual fair in Greece’s second-biggest city on Saturday to protest against a new round of wage and pension cuts demanded by international lenders in exchange for aid to stave off bankruptcy. The demonstration by about 15,000 trade… Continue reading More On Greece
The Financial Times – ‘Lead or leave euro’, Soros tells Germany George Soros has issued a passionate plea to the German government to lead the eurozone out of recession by boosting growth, creating a joint fiscal authority and guaranteeing common bonds, or itself leave the currency union to save the future of Europe. “Lead or… Continue reading Who Is Leaving The Euro, “Big G” (Germany) or “Little G” (Greece)?
CNBC – Italy Has No Plans to Access ECB Bond-Buying Plan: Monti Italian Prime Minister Mario Monti said he is not expecting Italy to access the European Central Bank’s new bond-buying program anytime soon in an exclusive interview with me for CNBC’s “Closing Bell.” The Italian leader, who was greeted warmly by supporters at the… Continue reading Italy Will Not Ask For A Bailout
Reuters – Merkel looks for deal to keep Greece in euro zone: magazine German Chancellor Angela Merkel had reached the view that Greece must not be allowed to leave the euro zone in the autumn and is prepared to grant Athens more flexibility over its bailout payments, der Spiegel magazine wrote on Saturday. Greece has… Continue reading Germany
The Financial Times – Arnault applies for Belgian citizenship Bernard Arnault, France’s richest man, fuelled the controversy over François Hollande’s plan to impose a 75 per cent marginal income tax rate on Saturday, when he revealed he was applying for Belgian citizenship. The head of LVMH, the luxury goods group behind brands such as Dior,… Continue reading Are The Rich Leaving France?
The Telegraph (UK) – Debt crisis: German court may delay euro ruling – live Germany’s Constitutional Court said it will examine whether to postpone its long-awaited verdict on the eurozone’s permanent rescue fund and the EU fiscal pact after a new legal challenge by a leading eurosceptic politician. 2.30 Germany’s Constitutional Court said it will… Continue reading German Court Ruling This Week, Or Not?
<Click on chart for larger image> CNBC – Investors Exit Hedge Funds After Another Bad Month Hedge funds wrapped up another lackluster month in August by substantially underperforming the stock market, and investors are showing signs that their patience is wearing thin. Swelling redemptions have been a noticeable trend over the past three months, which… Continue reading Hedge Funds’ Continued Poor Performance