Watch the latest video at video.foxbusiness.com Comment Jim Bianco was on Fox Business yesterday discussing Greece and Europe. To view the interview click on the image above. To view any of our recent interviews click here. <Click on chart for larger image> The Financial Times – Banks deposit record cash with ECB Central bankers play… Continue reading Little Love For The ECB and LTRO
<Click on chart for larger image> Business Insider – Stock Pickers Are Loving This Collapsing Market Metric Stock pickers are loving the markets lately. Well, the good stock pickers are. 2011 was highlighted by a spike in equity correlations. In other words, most stocks would move in the same direction, hand-in-hand. As such, stock pickers… Continue reading Market Correlations
The Wall Street Journal – Tim Geithner: Financial Crisis Amnesia My wife looks up from the newspaper with bewilderment at another story about people in the financial world or their lobbyists complaining about Wall Street reform In the spring of 2008, more Americans were starting to face higher mortgage payments as teaser interest rates reset… Continue reading Geithner Speaks
<Click on chart for larger image> The Financial Times – Brazil declares new ‘currency war’ Brazil has declared a fresh “currency war” on the US and Europe, extending a tax on foreign borrowings and threatening further capital controls in an effort to protect the country’s struggling manufacturers. Guido Mantega, the finance minister who was the… Continue reading Brazil
The Economist – The housing market: Holding back the spring THE reanimation of America’s housing market has been a long time coming. Residential building last contributed positively to growth in 2005. Housing-construction employment has dropped 43% since then. Government efforts to resuscitate the market have flopped. Yet tantalising signs of a durable recovery are emerging… Continue reading Housing
<Click on chart for larger image> Life Health Pro – Oil Prices and Share Prices: Can They Be Friends? It wasn’t always thus; until fairly recently, it was assumed that rising oil prices were not just bad for the economy but for the stock market as well. A researcher named Howard Simons, who serves as… Continue reading Gas And Stocks
<Click on chart for larger image> The Financial Times – Italian 10-year yield falls below 5% Italian benchmark bond yields fell below 5 per cent for the first time since August in a continuation of the big rally sparked by cheap European Central Bank loans to banks. Yields on 10-year Italian debt fell as low… Continue reading 10-Year Italian Yields Plummet
The Financial Times – Benefits of Treasuries start to wear thin “Right now bonds should come with a warning label,” says the investor Warren Buffett in his latest annual letter to shareholders. His bearish view on US sovereign debt follows a 30-year bull run and is not shared by everyone. But as stocks rally to… Continue reading Bloomberg Found A Very Rare Species, The Treasury Bull!
Bloomberg.com – Life as Libor Traders Knew It Seen as Abusive “Libor is not a market interest rate,” said Christoph Rieger, head of fixed-income strategy at Commerzbank AG in Frankfurt. “The spot fixings are at best bank guesses of a hypothetical interbank” borrowing rate. “For that reason, this will always be subject to controversy.” The… Continue reading More On Lie-Bor
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BruceKrasting (Blog) – On Gas, Cars and Bernanke Everyone is talking about gas this past week, and for good reason. The price at the pump has been tearing higher. According to the papers this morning the national average price for regular gas is $3.65. Unfortunately for me, the price the media is spouting has nothing… Continue reading Understanding Pain At The Pump
ISDA.org – Determinations Committee Decision In light of today’s EMEA Determinations Committee (EMEA DC) unanimous decisions in respect of the two potential Credit Event questions relating to the Hellenic Republic (DC Issue 2012022401 and DC issue 2012022901), the EMEA DC has agreed to publish the following statement: The first submitted question (DC Issue 2012022401) asked… Continue reading No CDS Payouts On Greek Debt