The Financial Times – Exchanges hit again by trading error The Nasdaq Stock Market and other exchanges cancelled trades in a security on Wednesday after erroneous orders triggered a steep rise in its share price in a matter of seconds. The cancellation highlights what is becoming a frequent feature of trading on stock exchanges as… Continue reading The Computers Strike Again
Are Central Banks Applying The Rules Of Monopoly To Real Life?
Charts of the Week Topics Covered This Week Include: Bearish On Stocks – 1 Bearish On Stocks – 2 Leading And Coincident Measures Of The Economy Update Updated Look At Inflation Expectations This Rally Is Not Hated Understanding Stock Market Volume Treasury Volume Remains Constant Updated Look At European Yields Rising Gas Prices Release Of… Continue reading Charts of the Week
The Financial Times – Greek cuts to be deeper than trailed Planned cuts to Greece’s public expenditure will be even deeper than previously announced, the government has said ahead of a visit by the chairman of the eurogroup of finance ministers, as fears rise that the scale of the proposed reductions may test the ruling… Continue reading Greece
<Click on chart for larger image> CNBC – S&P 500 Facing 25% Drop Before US Election: Janjuah The S&P 500 is likely to fall by 20-25 percent over the next three months according to Nomura strategist Bob Janjuah. In a research note published on Tuesday, the long-term bear who called the recent rally for U.S.… Continue reading Bearish On Stocks
Bloomberg Businessweek – Lockhart Says Fed Faces Risk of Excessive Accommodation Federal Reserve Bank of Atlanta President Dennis Lockhart said U.S. policy makers face a risk of easing too much while trying to spur a “disappointing” three- year-old economic recovery. “There is a risk to monetary policy being employed too aggressively and without effect to… Continue reading Confusion At The Federal Reserve
<Click on chart for larger image> <Click on chart for larger image> The Boswana Gazette – World must brace for higher food prices, experts say With drought parching farms in the United States and near the Black Sea, weak monsoon rains in India and insidious hunger in Africa’s Sahel region, the world could be headed… Continue reading Soaring Food Prices
Reuters.com – Consider keeping Bernanke, top Romney adviser says Ben Bernanke received an unlikely defense of his work at the U.S. Federal Reserve by a top Mitt Romney adviser, who said on Tuesday that he should be considered for a third term as chairman. Glenn Hubbard, economic adviser to the Republican presidential candidate, said he… Continue reading Would Romney Keep Bernanke?
Bloomberg Businessweek – Hedge Funds, Grimacing, Open the Kimono It’s late August. And they’re groaning about a stack of homework that is causing an early, cruel end to beach season. High schoolers? Nope—the managers of America’s largest private investment funds, who on Aug. 29 must file a new form providing federal regulators with detailed information… Continue reading Regulation
The Wall Street Journal – ‘Short Sales’ to Get a Boost Homeowners could soon have an easier time selling their homes for less than what they owe on their mortgages, under new guidelines from a federal housing regulator and mortgage-finance giants Fannie Mae FNM -0.50% and Freddie Mac FMCC +0.83% . The Federal Housing Finance… Continue reading Homeowners Facing A Short Sale May Get Some Help
Comment Yesterday Jim was on Bloomberg TV discussing the Federal Reserve and the stock market. To view the interview click on the image below. To view any of our recent interviews click here.