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Federal Reserve Unlikely To Lower Interest Rate On Excess Reserves

August 28, 2012

<Click on chart for larger image> Reuters.com – Fed seen refraining from reserve rate cut The U.S. Federal Reserve will likely refrain from lowering the interest it pays on excess bank reserves as a tool to help the economy, while traders anticipate signs later this week for more monetary stimulus.Traders are focused on whether Fed… Continue reading Federal Reserve Unlikely To Lower Interest Rate On Excess Reserves

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Prepping For The Jackson Hole Speech

August 28, 2012

Reuters.com – Mixed endorsements of more Fed easing Two top Federal Reserve officials offered widely different endorsements of more U.S. policy easing on Monday, with one weighing the benefits and risks of more action and the other stressing the need to act now. Cleveland Fed President Sandra Pianalto and Charles Evans of the Chicago Fed… Continue reading Prepping For The Jackson Hole Speech

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The ECB

August 28, 2012

The Financial Times – ECB official seeks to ease bond fears A senior European Central Bank official has revealed further aspects of the bank’s planned intervention in eurozone sovereign debt markets, attempting to counter the concerns of Germany’s Bundesbank about the policy. With the ECB ready to resume purchases of sovereign bonds, Jörg Asmussen said… Continue reading The ECB

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More On The LIBOR Scandal …

August 28, 2012

Bloomberg.com – Libor’s Trillion-Dollar Question The global investigation into the manipulation of Libor has so far done a good job of exposing how bankers corrupted one of the world’s most important financial indicators. Now authorities need to take a giant step further: Make banks release the data needed to determine how much damage was done… Continue reading More On The LIBOR Scandal …

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Discussing The Gold Standard

August 28, 2012

The Financial Times – China, dollars, gold, and a theory of relativity The old logic –> [No QE] = [a case against gold] = [a dollar positive situation]… no longer seems applicable. One interesting thought as to why this is happening comes from Julien Garran of UBS, who observed last week that out of the… Continue reading Discussing The Gold Standard

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What Would Reagan Do Regarding Taxes?

August 28, 2012

Bloomberg Businessweek – Taxes: What Would Reagan Do? Here are edited remarks from Miller, Weidenbaum, Cannon, and Shirley: James Miller III, who served as Reagan’s budget director from 1985 to 1988. He is a senior fellow at the Hoover Institution at Stanford University and a senior adviser at Husch Blackwell, an international law firm. The… Continue reading What Would Reagan Do Regarding Taxes?

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Cartoons

August 28, 2012

None today

Newsclips

The Next Three Weeks

August 27, 2012

Comment Jim Bianco was on Yahoo Finance discussing The Next 21 Days last week. To view the interview click on the image above. To view any of our recent interviews click here.

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Newsclips

Bernanke

August 27, 2012

Bloomberg.com – Jackson Hole May Disappoint Investors Primed for Stimulus Federal Reserve Chairman Ben S. Bernanke — returning this week to the scene of a 2010 speech that foreshadowed a second round of quantitative easing — probably will disappoint investors looking for him to signal new stimulus. Bernanke probably won’t use his Aug. 31 speech… Continue reading Bernanke

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China Slumps

August 27, 2012

<Click on chart for larger image> Bloomberg.com – Chinese Stocks Decline Most in Six Weeks on Earnings Concerns China’s stocks tumbled the most in six weeks as weaker profit from China Petroleum & Chemical Corp. (600028) to Haitong Securities Co. underscored concern that the nation’s economic slowdown is deepening. China Petroleum, Asia’s biggest oil refiner… Continue reading China Slumps

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The Fiscal Pact … Remember That?

August 27, 2012

The Financial Times – Ayrault warns EU fiscal pact rebels The French prime minister has warned dissident left-wing members of the ruling Socialist party and its Green allies against opposing ratification of the EU’s fiscal discipline treaty when it comes before parliament. The government faces an awkward revolt from the left following the president’s decision… Continue reading The Fiscal Pact … Remember That?

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Will The ECB Buy Bonds?  No Says Germany

August 27, 2012

The Wall Street Journal – Europe Bank Weighs Bond Strategy ECB Officials Consider Using Informal, Flexible Yield Targets in a Potential Program of New Purchases European Central Bank officials are considering steps to keep government bond yields in struggling euro members from rising too high, without committing to explicit caps that could threaten the central… Continue reading Will The ECB Buy Bonds?  No Says Germany