Newsclips
Cartoons
June 11, 2012
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Comment Yesterday Jim Bianco was on Bloomberg TV talking about the European debt crisis. To view the interview click on the image above. To view any of our recent interviews click here. This was one of the topics we covered in detail in our conference call yesterday. If you missed it: Audio: [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-603655.mp3|titles=Conference call] [pageview… Continue reading Will Europe Sink Risk Markets?
<Click on chart for larger image> Politico – Secret talks under way about ‘fiscal cliff’ A growing number of lawmakers are alarmed that Congress’s do-nothing posture ahead of the year-end fiscal cliff could provoke a massive voter backlash and economic catastrophe if they don’t start laying the groundwork right now to cut a deal. So… Continue reading The Fiscal Cliff
The Wall Street Journal – No Hint From the Fed of Taking New Steps Federal Reserve Chairman Ben Bernanke cited significant risks to the U.S. economic recovery but stopped short of signaling Fed action to combat them, during testimony on Capitol Hill Thursday. When asked whether the Fed is planning to take more measures to… Continue reading No QE3 … yet
The Telegraph (UK) – Ambrose Evans-Pritchard: Spain too big for EU rescue fund as China recoils As Spain edges closer to a full sovereign rescue, economists have begun to doubt whether the EU bail-out machinery can raise such large sums funds at viable cost on global capital markets While the International Monetary Fund thinks Spanish… Continue reading Will Spanish Banks Get Bailed Out This Weekend?
The Economist – The global economy: Start the engines, Angela The world economy is in grave danger. A lot depends on one woman Outside Germany, a consensus has developed on what Mrs Merkel must do to preserve the single currency. It includes shifting from austerity to a far greater focus on economic growth; complementing the… Continue reading It’s All In Merkel’s Hands
The Economist – The economy: Downdraught America’s economy battles uncertainty, both home-made and imported In the past week both Bill Clinton and Larry Summers, Mr Obama’s former principal economic adviser, have urged early action to avoid the cliff. Without such action, the only source of support is the Federal Reserve. When the economy faltered in… Continue reading The US Economy
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The Financial Times – Gillian Tett: The banks that are too complex to exist Why did JPMorgan Chase’s top management fail to spot the $2bn-plus losses brewing in the chief investment office this year? There is no shortage of potential explanations: a cover-up by traders, flawed computer models, poor accounting, lax oversight and excessive complacency… Continue reading Are Large Banks Too Big To Manage?
The Economist – Leaving the euro: My big fat Greek divorce How and whether Greece might exit is the biggest and fattest uncertainty of all ON JUNE 17th the brinkmanship on the Aegean will take another twist. Even if the New Democracy party manages to form a government it will seek to renegotiate the terms… Continue reading Grexit
The Economist – Europe’s banks: Slouching towards a banking union The prospects of big bank bail-outs are intensifying calls for a central fund Yet as quickly as banks are filling their existing capital holes, new ones seem to be appearing. Analysts at Nomura note that non-performing loans are rising in several European countries, including Italy… Continue reading EU Banking Union
Bloomberg BusinessWeek – When the Chinese Cut Rates It’s Time to Worry The surprise decision by China’s central bank to cut interest rates on June 7 shows increasing nervousness about the state of the economy. While most economists were predicting a rate reduction sometime this year, the suddenness of this latest move reveals just how… Continue reading China Cuts Rates – Is That A Good Thing?