The New York Times – Measuring Up Citigroup and Bank of America Bank of America used to be the stock Wall Street loved to hate. Citigroup, on the other hand, was supposed to be the troubled bank that had finally gotten its act together. Those familiar roles have been reversed in 2012, however, and with… Continue reading Big Banks
Comment Yesterday Jim hosted a conference call titled “Concerns Facing the Markets in Q2.” Below is the handout. [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=70″] Comment Here is the audio (click on the player). [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-586918.mp3|titles=April 5 2012] Comment Here is the webcast (click on the video). [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/040512.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… Continue reading Concerns Facing The Markets In Q2
Comment Jim Bianco was on CNBC yesterday discussing interest rates. To view the interview click on the image above. To view any of our recent interviews click here.
CNBC – Why the Fed Will Intervene If Stocks Fall Too Far Investors looking for more Federal Reserve intervention can pretty much ignore the economic data and train their sights on one area: the stock market, and how much of a drop it will take before the central bank comes to the rescue. Though the… Continue reading Stocks, Not The Economy, Will Determine QE3’s Fate
Zero Hedge (blog) – Visualizing The Propaganda “Error Term” Behind The Bureau Of Labor Statistics Today’s announcement by the BLS that it decided to flat out estimate nearly a third of all initial jobless claims (courtesy of several large outliers) due to a “clerical holiday” which resulted in a major beat to estimates, caught many… Continue reading Revisions To Initial Claims
The Wall Street Journal – Bernanke Holds Private Session With Top Wall Street Executives Federal Reserve Chairman Ben Bernanke recently held a private listening session with top Wall Street executives, hearing them out on a wide range of topics, including whether Europe’s fiscal problems could derail the global recovery. … The Fed chairman largely listened… Continue reading Just Another Lunch For Bernanke
Bloomberg.com – Buffett Guards Berkshire From higher Rates, Moody’s Says Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) is better positioned than rival property-casualty insurers to sidestep a decline in the value of fixed-income securities if interest rates rise, Moody’s Investors Service said. Berkshire’s capital losses as a percentage of shareholder’s equity would be the lowest among… Continue reading Buffett Worried About Higher Rates
American Banker – Fed Not Involved in Watergate, IG Finds Any number of things about Ben Bernanke’s job could potentially keep him up at night. But apparently the Federal Reserve Board chairman should rest well knowing that, according to the central bank’s internal watchdog, no evidence points to the central bank’s being involved in the… Continue reading The Federal Reserve Cleared In Any Involvement In The Watergate Burglary!
The Wall Street Journal – ‘London Whale’ Rattles Debt Market In recent weeks, hedge funds and other investors have been puzzled by unusual movements in some credit markets, and have been buzzing about the identity of a deep-pocketed trader dubbed “the London whale.” That trader, according to people familiar with the matter, is a low-profile,… Continue reading The London Whale
<Click on chart for larger image> Reuters – World food prices rise further, raising fears of unrest Global food prices rose in March for a third straight month with more hikes to come, the UN’s food agency said on Thursday, adding to fears of hunger and a new wave of social unrest in poor countries.… Continue reading Food Prices Are Rising Again
The Economist – The risk in clearing-houses: All clear? Clearing-houses are meant to solve problems in derivatives markets. They create them, too IF THEY failed, there would be “mayhem”, says Paul Tucker of the Bank of England. Ben Bernanke, the chairman of the Federal Reserve, quotes a Mark Twain character, Pudd’nhead Wilson, to get the… Continue reading Clearing Houses