The Financial Times – US 30-year mortgages hit record low US 30-year fixed mortgage rates fell to a record low this week, according to data from Freddie Mac, as signs mounted that favourable funding costs are helping the housing market stabilise. Freddie Mac’s 30-year fixed rate edged down to 3.78 per cent from last week’s… Continue reading U.S. Mortgages
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Comment Jim Bianco guest hosted Squawk Box Europe on Tuesday morning. In this segment he discusses a possible breakup of the euro. To view the interview click on the image above. To view any our recent interviews click here. The Financial Times – We must break up the failing euro As the struggle to preserve… Continue reading The Fight To Preserve The Euro Is Actually Hurting Europe
Seeking Alpha – Ignore Sentiment – Here’s Why To Buy I confess. I am a contrarian. Maybe you’ve heard of us. We are the ones who ask, when things have gone very far in one direction and the general consensus is that they’ll go even further, “perhaps it’s time for a change?”We are a minority… Continue reading Where Have All The Bulls & Bears Gone?
The Telegraph – Germany Holds a Gun to Greece’s Head Pressure on Greece increased dramatically last night after Germany’s central bank called for a suspension of financial support to Athens and eurozone finance ministries agreed to draft contingency plans for a Greek exit from the euro. In a blunt warning to Athens, the Bundesbank said… Continue reading Grexit
<Click on chart for larger image> <Click on chart for larger image> <Click on chart for larger image> <Click on chart for larger image> <Click on chart for larger image> Pragmatic Capitalism – SO GOES THE STOCK MARKET, SO GOES OBAMA? Anyone who remembers the 2008 election remembers how important the economy and the stock… Continue reading Stocks & Politics
The Financial Times – JPMorgan takes more risk than rivals JPMorgan Chase’s chief investment office, still reeling from a $2bn-plus trading loss, has been taking a much more aggressive approach to investing the bank’s own funds than its competitors, according to regulatory filings. Rival banks are distancing themselves from JPMorgan, which invests less in US-government… Continue reading J.P. Morgan
The Wall Street Journal – Mutual Funds Promised Haven From Speedsters A small group of market wonks is planning a trading platform targeting a category of investors they say has been overlooked by traditional stock exchanges: mutual-fund managers. Led by Bradley Katsuyama, a former head of electronic trading at the Royal Bank of Canada, the… Continue reading Weeding Out The High Frequency Traders
Bloomberg.com – Caroline Baum: Stop the Big Banks Before They Can Lend Again If only the Volcker rule had been in place. If only the Dodd-Frank law had an additional 1,000 pages of rules. If only there had been more regulators at JPMorgan Chase & Co. (JPM) If only the regulators had done a better… Continue reading Regulating Banks
The Financial Times – Bond exodus on a par with eurozone bank run A great deal of attention is being heaped on the possibility of a bank run across the eurozone. But something just as important is currently happening: a bond run. Foreign investors have left the government and corporate bond markets of Italy and… Continue reading The Flight To Safety
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Charts of the Week Topics Covered This Week Include: TIPS And Federal Reserve Policy Will Soaring Rents Lead To Higher Core Inflation? The Debt Ceiling More On J.P. Morgan’s Losses Eurozone Banks In Trouble Spain Outstanding Government Debt In Europe Currency Market Volatility Soaring Crude Oil Inventories Retail Gas Prices An Updated Look At ETF… Continue reading Charts of the Week