Newsclips
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March 16, 2012
(h/t The Big Picture)
(h/t The Big Picture)
The Atlantic – The Villain The left hates him. The right hates him even more. But Ben Bernanke saved the economy—and has navigated masterfully through the most trying of times. Bernanke himself certainly would not win a popularity contest. In 2010, four years after his appointment by President George W. Bush as Fed chief, he… Continue reading All Hail Bernanke
What a difference a couple days makes. Last Monday Jon Hilsenrath, widely known to have the inside scoop on Federal Reserve policy, announced that the “Fed Takes a Break to Weigh Outlook.” Fearing an end to quantitative easing, the S&P 500 dropped nearly 21 points the following day (DJIA down 200). Almost on queue, the… Continue reading Measuring Policy Uncertainty
<Click on image to view interview> Comment Jim Bianco was on Reuters TV yesterday discussing the Federal Reserve and inflation. We also discussed this in a post yesterday. To view the interview click on the image above. To view any of our recent interviews click here. Bloomberg.com – Amity Shlaes: Watch Bernanke’s ‘Little’ Inflation Capsize… Continue reading Inflation & The Federal Reserve
The Financial Times – Has Europe learnt from the mistakes made in Greek debt crisis? European authorities have declared that Greece was unique and that there will be no more debt restructuring. Undoubtedly, though, they will be tested in the coming months. Two strategies are possible. One is to behave in the same way as… Continue reading European Contagion
MarketBeat (WSJ Blog) – Do Too Many Fund Managers Love Apple? As we explained in this morning’s Journal, one reason the tech giant’s stock price has fared so well is that Apple has found buyers in nearly every corner of the investment world. This includes (but is not limited to): small-cap funds, mid-cap funds, dividend… Continue reading Everyone Owns Apple
<Click on chart for larger image> The Wall Street Journal – Budget Feud Erupts Again Republicans are likely to unveil a budget plan next week that will cut 2013 federal spending below the level the two parties negotiated last August, prompting Democrats to complain that they are reneging on the agreement. GOP leaders respond that… Continue reading The Budget
The Wall Street Journal – Goldman Plays Damage Control Goldman Sachs Group Inc. said it will examine claims by an employee who quit Wednesday that executives “callously” talk about “ripping their clients off” in order to make more money for the securities firm…At Goldman, the op-ed prompted anger toward Mr. Smith and new introspection among… Continue reading More On Goldman’s Sayonara Letter
CBOE – DOUBLE THE FUN WITH CBOE’s VVIX Index CBOE is expanding its suite of volatility benchmarks with a new index called the VVIX Index, the VVIX for short. The VVIX is a volatility of volatility measure in that it represents the expected volatility of the 30-day forward price of the CBOE Volatility Index (the… Continue reading Measuring The Volatility of VIX
Conference Call Presentation/Charts of the Week Audio Topics Covered This Week Include: Summary/Conclusion Earnings Are Not Looking Good The Latest On The Economy Living In A QE World Living In A QE World – 2 Living In A QE World – 3 Another Way To Look At The Central Balance Sheets The Federal Reserve Says… Continue reading Conference Call Presentation/Charts of the Week
[pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=66″] The Federal Reserve – Press Release Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects moderate economic growth over coming quarters and consequently anticipates that the unemployment rate will decline gradually toward levels that the Committee judges to be consistent with its dual… Continue reading The FOMC Meeting And Inflation