Comment Jim Bianco was on CNBC on Friday discussing Facebook’s IPO. To view the interview click on the image above. To view any of our recent interviews click here. Reuters.com – Morgan Stanley made big bet on Facebook Lead Facebook Inc underwriter Morgan Stanley took a bet earlier this week when it increased the size… Continue reading Discussing Facebook And The Markets
The Wall Street Journal – J.P. Morgan Struggles to Unwind Huge Bets J.P. Morgan Chase is struggling to extricate itself from disastrous wagers by traders such as the “London whale,” in a sign that the size of its bets could bog down the bank’s unwinding of the trades and deepen its losses by billions of… Continue reading Did J.P. Morgan Lose $3 Billion Last Week?
Bloomberg.com – Fed Proves More Bullish Than Wall Street Forecasting U.S. Growth Stephen Stanley, chief economist at Pierpont Securities LLC, has derided the Federal Reserve for downplaying improvement in the U.S. economy. Yet his 2.6 percent forecast for growth this year is below the midpoint in the central bank’s projection of 2.4 percent to 2.9… Continue reading Is The Federal Reserve More Bullish On The U.S Than Wall Street Is?
Wall Street Journal- Austerity Plan Is Key for Athens, EU Chief Says Greece shouldn’t expect its international lenders to back down with any significant concessions to the austerity program it agreed on earlier this year, the head of the European Union executive said after he attended the Group of Eight summit at the U.S. presidential… Continue reading Greece
<Click on chart for larger image> The Wall Street Journal – Walking a Treasury Tightrope Investors in U.S. Treasurys stand a good chance of losing money over time. And yet they can’t seem to get enough of Uncle Sam’s paper.With the European crisis heating up and concerns about economic growth in the U.S. and China,… Continue reading The 10-Year Treasury – How Low Can It Go?
The Financial Times – SEC move set to boost covered bonds in US Covered bonds, a centuries-old mainstay of the European markets, may get a big boost in the US after the Securities and Exchange Commission loosened restrictions on who can buy the bundled mortgage debt. Covered bonds have surged in popularity in recent years… Continue reading Covered Bonds In The U.S.
MarketWatch.com – Pressure mounts on a reluctant ECB to save euro In the middle of these two extremes sits the European Central Bank. For some, the deus ex machina, ready to burst into action with a last desperate throw of the monetary dice — buying government debt, propping up banks, advocating Eurobonds — as a… Continue reading The Euro
The New York Times – Is Insider Trading Part of the Fabric? EVEN before the news was official, it filtered out — unofficially — to Wall Street. On a trading floor in Midtown Manhattan, the squawk boxes were set to relay a market-moving bulletin at 10 a.m. This was the news: An analyst at the… Continue reading Insider Trading
The Financial Times – Rich-poor nation ratings narrow The credit ratings of emerging and developed markets are starting to converge, in a formal recognition by rating agencies of a seismic shift in financial markets. Emerging market governments have, for the most part, been rated below investment grade, or junk, while most developed countries enjoyed high,… Continue reading Ratings Of EM Countries Catching Up To The Ratings Of Developed Countries
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Comment Yesterday Jim Bianco hosted a conference call titled Europe, J.P. Morgan and The Economy. Below is the handout, webcast and audio. Monday we will send out the transcript. [pageview url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=78″] Audio: [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-598252.mp3|titles=Conference Call] [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/may172012.flv” width=”600″ height=”495″ description=”” player=”3″ autoload=”false” autoplay=”false” loop=”false” autorewind=”true” splashimage=”https://www.biancoresearch.com/bianco/wp-content/themes/twentyten/images/splash.jpg” /]
Comment Jim Bianco was on Bloomberg TV yesterday discussing the debt ceiling. To view the interview click on the image above. To view any of our recent interviews click here. We detailed our thoughts on the debt ceiling earlier this week. <Click on chart for larger image>