Comment Jim appeared on CNBC yesterday discussing the perceived asset allocation away from bonds and into stocks. To view the interview click on the video above. To see any of our recent interviews, click here. The Financial Times – Too early to call end of bonds’ bull run The end of the 30-year bull markets… Continue reading Is The Bond Bull Market Over?
<Click on chart for larger image> Zero Hedge (Blog) – “Dumb Money” Refuses To Be The Dumb Money For Yet Another Week Goldman screams it is a generational buy, Larry Fink goes all in stocks, Notorious BIGGS is 90% long, anchors on comedy-financial fusion channels are channeling the producer in their earpiece and screaming at… Continue reading The Public Is Still Not Buying Equity Mutual Funds
<Click on chart for larger image> MarketBeat (WSJ Blog) – Sorry Stock Jockeys, Margins Are Going to Come Down, Montier Says GMO’s James Montier is one of our favorite market wonks around MarketBeat. He has an interesting piece out today looking at surging profit margins and cracking profits into their constituent components to see what’s… Continue reading Profit Margins
The Financial Times – WTI loses ground in physical oil market West Texas Intermediate is losing further ground as a global oil benchmark. The travails of US crude in the derivatives market are well documented, with the oil contract trading at a discount to the Brent global benchmark for the last few years. But now… Continue reading WTI’s Status As A World Benchmark
The Financial Times – ECB eyes exit for €40bn crisis fund The European Central Bank is falling behind on a €40bn asset purchase programme launched at the height of eurozone crisis, in a sign it could be dropped as a first step towards unwinding huge emergency support for the region’s financial system. Purchases of “covered… Continue reading The ECB Takes Its Foot Off The Gas
Bloomberg.com – Caroline Baum: Masters of the Universe Start to Challenge Ben Bernanke It started subtly, about a month ago, in the fed funds futures market, where investors had come to view Federal Reserve Chairman Ben Bernanke’s word as deed: first, the August pledge to hold the benchmark rate near zero until mid-2013; then, on… Continue reading Doubting Bernanke
The Wall Street Journal – Rich Would Skirt ‘Buffett Rule,’ Report Shows Millionaires likely would find legal ways to avoid paying higher taxes under President Barack Obama’s proposed “Buffett Rule,” a new congressional estimate finds…Taxpayers’ likely efforts to sidestep the rule’s effects mean it would raise about $47 billion in extra revenue over the next… Continue reading The Buffett Rule
Global Post – Goldman Sachs scanning emails for the word ‘muppet,’ report says Goldman Sachs is scanning company emails for the word “muppet” in an effort to verify claims that employees made derogatory remarks about clients, Reuters reported. The investment bank’s chief executive Lloyd Blankfein told partners about the review in a conference call this… Continue reading The Search For Kermit The Frog
Deal Journal – (WSJ Blog) – Fed Plans to Fine Eight More Banks for Foreclosure Violations The Federal Reserve will fine eight more banks that have been subject to scrutiny amid allegations of improper foreclosure practices, adding to the list of the nation’s five largest mortgage servicing firms penalized last month…Federal and state officials last… Continue reading More Banks Hit With Foreclosure Violations
Charts of the Week Topics Covered This Week Include: Blame The Loss Of Capital Gains For The Deficit Blame The Loss Of Capital Gains For The Deficit -2 Detailing PCE Inflation 10 Year Treasury Yields and 30-Year FNMA Mortgage Yields Yields On The Rise Dividend Paying Stocks Dividend Paying Stocks – 2 S&P 500 Dividend… Continue reading Charts of the Week
Business Insider – Ben Bernanke Explains Why The World Will Never See Another Gold Standard The size of the gold supply and inconvenience of the metal renders it too impractical to keep up with the pace of global commerce.Second, while advocates of the gold standard are right that prices remain stable in the long-term, “on… Continue reading Bernanke Explains His Problem With The Gold Standard