Newsclips
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February 14, 2012
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<Click on graphic for larger image> Barron’s – Cover Story: Enter the Bull Even by conservative measures, the Dow Jones Industrials could top 15,000 in two years. Dow 17,000 is a 50-50 bet tarting at the close of each calendar year, the returns assume all publicly traded stocks are purchased on a capitalization-weighted basis, with… Continue reading Barron’s Says Dow 15,000
The Wall Street Journal – Fed Watchers See Risks in Rate Plan Many economists believe the Federal Reserve risks making a big mistake if it sticks to its recent guidance about keeping interest rates super low for the next three years. The Fed said last month that it expected to keep short-term interest rates near… Continue reading What Does “2014” Mean For The Federal Reserve And Wall Street?
60 Minutes – Precious metal: India’s love affair with gold India’s love for gold is almost a religion. Beyond being a symbol of wealth and status, gold is part of worship and culture – a tradition that goes back thousands of years. From birth to death, for men and women, among rich and poor –… Continue reading Indian Wedding Gold
The Financial Times – Access to junk bond market revives LBOs The big leveraged buy-out groups of the credit boom – the companies some investors have dubbed the “walking dead” – have gained renewed access to funds as the junk bond market has rallied and buyers have flocked to the highest-yielding assets. Energy Future Holdings,… Continue reading Junk Bonds
Bloomberg.com – Obama Futures Rally With Best S&P 500 Start in 21 Years The Standard & Poor’s 500 Index’s biggest rally to start a year since 1991 is coinciding with a 15 percent increase in President Barack Obama’s re-election odds, showing growing investor confidence in the U.S. economy. The benchmark gauge for American shares has… Continue reading The Stock Market And Elections, Do They Relate?
The Wall Street Journal – Further Hurdles Ahead for Greece After an epic political effort to pass another harsh austerity program into law, Greece faces still more tests to secure a new financial bailout as its euro-zone partners press for swift implementation of the new budget cuts in the face of intense popular opposition. European… Continue reading Greece
The New York Times – Economists Warn of Long-Term Perils in Rescue of Europe’s Banks Few would begrudge Mario Draghi his boast last week that he and the European Central Bank had prevented a disastrous credit crisis by showering banks with cheap loans in December. But beneath the gratitude toward Mr. Draghi, the president of… Continue reading European Banks
Barron’s – RANDALL W. FORSYTH: Bonds Defy Buffett, Fink The big money says steer clear of bonds, but no one’s listening One should never underestimate the power of liquidity in driving markets, according to Moody’s Credit Markets Review and Outlook. The European Central Bank’s provision of $640 billion of three-year loans to euro-zone banks at… Continue reading Continuing The “Bonds Are Dangerous” Discussion
Foreign Policy – Naill Ferguson: We’re All State Capitalists Now The debate about whether America or China will ultimately triumph is a red herring that distracts us from the real contest of our time If there is one issue on which the rival candidates for the U.S. presidency agree, it’s that America’s global leadership will… Continue reading Capitalism
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The Financial Times – Eurozone dismisses Greek budget deal Eurozone finance ministers dismissed as incomplete a reputed €3.3bn package of Greek budget cuts presented to them in the hope of securing a €130bn bail-out and sent the country’s finance minister back to Athens with a fresh set of demands and an urgent deadline. In exchange… Continue reading Greek Negotiations