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The Conference Board’s Leading Economic Indicator Is Being Revamped

January 6, 2012

Real Time Economics (WSJ Blog) – Leading Indicators Index Gets Overhaul Private research group the Conference Board said Thursday that it’s putting in place some major changes in how it compiles a closely watched report that seeks to provide clues to the economy’s future direction. The release in question is the long-running monthly index of… Continue reading The Conference Board’s Leading Economic Indicator Is Being Revamped

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More On The Implications Of The Federal Reserve’s Forecasts

January 6, 2012

The Wall Street Journal – Fed Rate Outlook to Bite Traders With its push to provide a clearer policy road map, the Federal Reserve is about to give bond traders one less reason to like medium-term bonds as it pins down yields that already are at historic lows. Starting later this month, the central bank… Continue reading More On The Implications Of The Federal Reserve’s Forecasts

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Euribor & Eonia

January 6, 2012

Reuters – WestLB dropped from Euribor, Eonia fixing panel German bank WestLB will no longer contribute to the fixing of key euro zone interbank rates following a decision from the European Banking Federation’s steering committee, the EBF website said on Friday. “WestLB, following a Euribor-EBF Steering Committee decision, is no longer contributing to the Euribor… Continue reading Euribor & Eonia

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The CDS Market

January 6, 2012

The Financial Times – Meddling in credit swaps poses sizeable stability risks Today, the best information on the CDS market comes from the Bank for International Settlements. That information, though stale, contains some interesting data points, nevertheless. For example, Wall Street risk officers fret that there may be hedge funds that have such exposures. Indeed,… Continue reading The CDS Market

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MF Global’s Missing Money

January 6, 2012

The Wall Street Journal – Trustee Tussles With Regulators Louis Freeh, the former Federal Bureau of Investigation director who was appointed bankruptcy trustee of MF Global Holdings Ltd., has declined to turn over some documents to investigators trying to determine what happened to an estimated $1.2 billion in missing customer funds. Mr. Freeh, who is… Continue reading MF Global’s Missing Money

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Central Banks Keep The World’s Economy Running

January 6, 2012

<Click on chart for larger image> Zero Hedge (Blog) – Top Three Central Banks Account For Up To 25% Of Developed World GDP For anyone who still hasn’t grasped the magnitude of the central planning intervention over the past four years, the following two charts should explain it all rather effectively. As the bottom chart… Continue reading Central Banks Keep The World’s Economy Running

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Stocks vs. Bonds

January 6, 2012

<Click on chart for larger image> <Click on chart for larger image> CNBC.com – Why Are Bonds Outperforming Stocks Over Long Term? Don’t call bonds boring anymore. Despite a reputation for being a slow-growing alternative to stocks for the risk-averse, bonds just passed stocks’ long-term performance over the past 30 years. The fact bonds have… Continue reading Stocks vs. Bonds

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Da Bears & The Economy

January 6, 2012

<Click on chart for larger image> McSweeneys (Blog)  – The Bears Fired Jerry Angelo, But Is It Enough to Save the Economy? Heading into 2012, economists and Chicago sports columnists should be gravely concerned because all indicators show that Angelo has once again produced a win bubble. The Bears 2010 season ended in surprise appearance… Continue reading Da Bears & The Economy

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Cartoons

January 6, 2012

None Today

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The Federal Reserve Wants Fannie & Freddie To Take More Losses To Save The Economy

January 5, 2012

The Wall Street Journal – Fed Urges Action on Housing The Federal Reserve, in an unusual foray into housing policy, expressed alarm over the battered home market and called for more aggressive action from Congress and other policy makers…In a 26-page paper sent to top lawmakers on congressional banking committees, the Fed warned that tight… Continue reading The Federal Reserve Wants Fannie & Freddie To Take More Losses To Save The Economy

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Gaming The Federal Reserve

January 5, 2012

MarketBeat (WSJ Blog) – No, Really, Don’t Fight the Fed We’ve heard of the old market saw about not fighting the Fed, but this is a bit ridiculous. Since the Federal Reserve’s open market committee began announcing its interest-rate decisions after meetings in 1994, excess returns on US stocks have been more than 30 times… Continue reading Gaming The Federal Reserve

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Federal Reserve Economic Projections Are Not Very Good

January 5, 2012

The Wall Street Journal – Fed Puts Its Reputation on the Line The Fed has just taken a historic step towards increasing its transparency and accountability by saying it will begin to release interest-rate projections several years out at the conclusion of its next policy meeting on Jan. 25. This means Fed officials will soon… Continue reading Federal Reserve Economic Projections Are Not Very Good