<Click on chart for larger image> The Wall Street Journal – Apple Rides iPhone Frenzy Apple Inc.’s quarterly profit nearly doubled as iPhones and iPads continued to fly off shelves, putting to rest recent worries that the company can’t maintain its momentum. Shares gained more than 7%, or $40.55, to $600.83 in after-hours trading Tuesday—after… Continue reading Everyone Buys An iPhone!
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Comment Jim Bianco was on Yahoo Finance yesterday discussing the problems in Europe. To view the interview click on the image above. To view any of our recent interviews click here. The Financial Times – Kenneth Rogoff: A euro parable: the young couple with a joint account This is not to say that a future United… Continue reading Discussing Europe
Reuters.com – Analysis: Stronger earnings prove pessimists wrong Wall Street may have written off corporate America too quickly. In the early stages of the first-quarter reporting season, U.S. companies have beaten earnings forecasts at a rate of 79 percent. They have beaten revenue forecasts at a rate of 76 percent and expectations for overall corporate… Continue reading The Earnings Beat Rate In Perspective
Business Insider – Citi’s Levkovich: ‘I For The Life Of Me Don’t Understand Why People Are Buying US Treasuries’ “The individual investor is still pouring money into bond funds and they’re not doing so into equity funds. The only place they’ll kind of tip their toe into is emerging markets, but domestic or U.S. oriented… Continue reading Why Would Anyone Buy U.S. Treasuries?
Bloomberg.com – Fed’s 17 Rate Forecasts May Confuse More Than Clarify The Federal Reserve tried to bring more clarity to policy making in January by releasing Fed officials’ forecasts for interest rates. Instead, it may be creating confusion. Policy makers tomorrow will probably repeat their plan to keep the benchmark interest rate low at least… Continue reading Will The Federal Reserve Continue To Confuse Us?
The Institutional Risk Analyst – Duration Risk: How the Fed is Creating the Next Financial Crisis Over the weekend, we got to go through a lot of accumulated reading, the majority of which only confirms our view that US markets and investors are living in the eye of the proverbial hurricane. White the equity and… Continue reading Is The Federal Reserve Creating The Next Crisis?
The Wall Street Journal – Music Stops for Wall Street Bankers Wall Street’s latest problem: too many bankers and not enough deals. Amid new regulation, lower profits and a dreary market for mergers and acquisitions, several banks are planning to trim investment-banking units that were built for an era of deals aplenty.Until recently, Wall Street’s… Continue reading U.S. Investment Banks
The New York Times – China’s Biggest Banks Are Squeezed for Capital China’s banks are among the biggest and most profitable financial institutions in the world. But the state-backed banks are also starved for capital after an aggressive lending spree that was encouraged by the government. Within the last year, seven of the biggest Chinese… Continue reading China’s Banks
<Click on chart for larger image> MSN Money – Is the yuan the new dollar? As China’s currency becomes easier and easier to trade, and as its economy grows, it is becoming an alternative to the greenback. Here’s how investors can play the trend. Throughout the global financial crisis — even as the problem changed… Continue reading The Yuan
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Comment Jim Bianco was on CNBC Friday discussing earnings. To view the interview click on the image above. To view any of our recent interviews click here. In the Interview Jim mentioned the impact of Apple on overall earnings. This is detailed below. Take Apple out of the equation and earnings are not that great.… Continue reading Earnings Update